American Century Companies Inc. reduced its holdings in shares of Aegion Corp (NASDAQ:AEGN) by 18.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,526 shares of the construction company’s stock after selling 22,262 shares during the period. American Century Companies Inc. owned 0.30% of Aegion Corp worth $2,156,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in Aegion Corp during the 1st quarter valued at about $119,000. State of Alaska Department of Revenue lifted its position in Aegion Corp by 76.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,624 shares of the construction company’s stock valued at $144,000 after acquiring an additional 2,874 shares during the period. Bank of Montreal Can lifted its position in Aegion Corp by 88.4% during the 1st quarter. Bank of Montreal Can now owns 7,701 shares of the construction company’s stock valued at $176,000 after acquiring an additional 3,614 shares during the period. Mason Street Advisors LLC lifted its position in Aegion Corp by 6.5% during the 1st quarter. Mason Street Advisors LLC now owns 7,902 shares of the construction company’s stock valued at $181,000 after acquiring an additional 480 shares during the period. Finally, RBF Capital LLC purchased a new position in Aegion Corp during the 1st quarter valued at about $209,000. 88.84% of the stock is owned by institutional investors.

A number of brokerages recently issued reports on AEGN. ValuEngine raised shares of Aegion Corp from a “hold” rating to a “buy” rating in a research report on Tuesday. BidaskClub raised shares of Aegion Corp from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Canaccord Genuity reissued a “buy” rating and set a $26.00 price target on shares of Aegion Corp in a research report on Thursday, August 10th. Sidoti cut shares of Aegion Corp from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 8th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $23.50 price target on shares of Aegion Corp in a research report on Monday, August 7th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $23.17.

Shares of Aegion Corp (NASDAQ:AEGN) opened at 22.02 on Thursday. The company has a market capitalization of $694.69 million, a price-to-earnings ratio of 16.25 and a beta of 1.66. Aegion Corp has a 1-year low of $17.18 and a 1-year high of $26.68. The firm’s 50-day moving average is $21.30 and its 200-day moving average is $21.68.

Aegion Corp (NASDAQ:AEGN) last released its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.33 earnings per share 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 during the quarter, compared to analysts’ expectations of $351.51 million. During the same period last year, the company earned $0.23 earnings per share. The firm’s revenue was up 18.9% compared to the same quarter last year. Analysts forecast that Aegion Corp will post $1.18 earnings per share for the current fiscal year.

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About Aegion Corp

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.

Institutional Ownership by Quarter for Aegion Corp (NASDAQ:AEGN)

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