Legal & General Group Plc Has $1.33 Million Position in Aegion Corp (NASDAQ:AEGN)
Legal & General Group Plc decreased its stake in shares of Aegion Corp (NASDAQ:AEGN) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,928 shares of the construction company’s stock after selling 401 shares during the period. Legal & General Group Plc’s holdings in Aegion Corp were worth $1,327,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in AEGN. SG Americas Securities LLC purchased a new stake in shares of Aegion Corp during the first quarter valued at $119,000. Bank of Montreal Can raised its stake in shares of Aegion Corp by 88.4% in the first quarter. Bank of Montreal Can now owns 7,701 shares of the construction company’s stock valued at $176,000 after buying an additional 3,614 shares during the period. Mason Street Advisors LLC raised its stake in shares of Aegion Corp by 6.5% in the first quarter. Mason Street Advisors LLC now owns 7,902 shares of the construction company’s stock valued at $181,000 after buying an additional 480 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Aegion Corp during the fourth quarter valued at $239,000. Finally, Algert Global LLC raised its stake in shares of Aegion Corp by 4.6% in the first quarter. Algert Global LLC now owns 12,762 shares of the construction company’s stock valued at $292,000 after buying an additional 565 shares during the period. 90.87% of the stock is owned by institutional investors.
Shares of Aegion Corp (NASDAQ AEGN) traded up 0.20% during trading on Friday, reaching $20.30. The company’s stock had a trading volume of 176,969 shares. The company has a 50 day moving average of $22.15 and a 200-day moving average of $21.92. Aegion Corp has a 12-month low of $17.18 and a 12-month high of $26.68. The stock has a market cap of $640.42 million, a price-to-earnings ratio of 14.98 and a beta of 1.67.
Aegion Corp (NASDAQ:AEGN) last issued its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by $0.08. Aegion Corp had a return on equity of 7.52% and a net margin of 3.57%. The business had revenue of $354.47 million for the quarter, compared to the consensus estimate of $351.51 million. During the same period in the prior year, the business posted $0.23 earnings per share. Aegion Corp’s revenue was up 18.9% on a year-over-year basis. Analysts forecast that Aegion Corp will post $1.18 EPS for the current year.
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Several research analysts have commented on the company. TheStreet upgraded Aegion Corp from a “c+” rating to a “b” rating in a research note on Tuesday, August 1st. Canaccord Genuity restated a “buy” rating and issued a $26.00 target price on shares of Aegion Corp in a research note on Thursday, August 10th. Sidoti downgraded Aegion Corp from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 8th. BidaskClub upgraded Aegion Corp from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Craig Hallum upgraded Aegion Corp from a “hold” rating to a “buy” rating in a research report on Tuesday, May 23rd. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Aegion Corp has an average rating of “Hold” and an average price target of $23.17.
Aegion Corp Company Profile
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.
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