Aegion Corp (AEGN) Shares Bought by First Trust Advisors LP
First Trust Advisors LP boosted its stake in Aegion Corp (NASDAQ:AEGN) by 191.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,103 shares of the construction company’s stock after buying an additional 204,345 shares during the period. First Trust Advisors LP owned about 0.97% of Aegion Corp worth $6,807,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its stake in Aegion Corp by 12,966.0% in the first quarter. BlackRock Inc. now owns 4,365,349 shares of the construction company’s stock worth $100,010,000 after buying an additional 4,331,939 shares during the period. Karp Capital Management Corp bought a new stake in Aegion Corp during the first quarter worth $592,000. Tudor Investment Corp ET AL raised its stake in Aegion Corp by 16.0% in the first quarter. Tudor Investment Corp ET AL now owns 30,944 shares of the construction company’s stock worth $709,000 after buying an additional 4,279 shares during the period. Adams Diversified Equity Fund Inc. raised its stake in Aegion Corp by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 47,600 shares of the construction company’s stock worth $1,091,000 after buying an additional 1,300 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Aegion Corp during the first quarter worth $119,000. 88.84% of the stock is owned by hedge funds and other institutional investors.
Aegion Corp (NASDAQ:AEGN) opened at 21.28 on Wednesday. The stock has a market cap of $671.34 million, a P/E ratio of 15.70 and a beta of 1.67. The company’s 50-day moving average price is $21.93 and its 200-day moving average price is $21.82. Aegion Corp has a one year low of $17.18 and a one year high of $26.68.
Aegion Corp (NASDAQ:AEGN) last issued its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.33 EPS for the quarter, missing the 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 company had revenue of $354.47 million during the quarter, compared to analyst estimates of $351.51 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The business’s revenue was up 18.9% compared to the same quarter last year. Analysts forecast that Aegion Corp will post $1.18 EPS for the current fiscal year.
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A number of research firms have recently weighed in on AEGN. Zacks Investment Research lowered Aegion Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Canaccord Genuity reissued a “buy” rating and issued a $30.00 target price on shares of Aegion Corp in a research note on Monday, May 15th. Sidoti downgraded Aegion Corp from a “buy” rating to a “neutral” rating in a report on Wednesday, August 2nd. Stifel Nicolaus restated a “hold” rating and set a $23.50 price target on shares of Aegion Corp in a report on Friday, July 7th. Finally, Craig Hallum upgraded Aegion Corp from a “hold” rating to a “buy” rating in a report on Tuesday, May 23rd. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Aegion Corp presently has a consensus 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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