Bank of New York Mellon Corp decreased its holdings in Aegion Corp (NASDAQ:AEGN) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 412,590 shares of the construction company’s stock after selling 7,517 shares during the period. Bank of New York Mellon Corp owned approximately 1.29% of Aegion Corp worth $9,028,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of Aegion Corp by 12,966.0% in the 1st quarter. BlackRock Inc. now owns 4,365,349 shares of the construction company’s stock valued at $100,010,000 after purchasing an additional 4,331,939 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Aegion Corp by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 3,050,397 shares of the construction company’s stock valued at $69,885,000 after purchasing an additional 128,485 shares during the last quarter. Boston Partners increased its stake in shares of Aegion Corp by 3.2% in the 2nd quarter. Boston Partners now owns 1,029,880 shares of the construction company’s stock valued at $22,534,000 after purchasing an additional 32,205 shares during the last quarter. State Street Corp increased its stake in shares of Aegion Corp by 4.7% in the 1st quarter. State Street Corp now owns 912,840 shares of the construction company’s stock valued at $20,917,000 after purchasing an additional 41,393 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of Aegion Corp by 0.4% in the 1st quarter. Royce & Associates LP now owns 858,446 shares of the construction company’s stock valued at $19,667,000 after purchasing an additional 3,748 shares during the last quarter. Institutional investors own 88.84% of the company’s stock.

Shares of Aegion Corp (NASDAQ AEGN) opened at 23.49 on Thursday. The company has a market cap of $741.06 million, a price-to-earnings ratio of 17.34 and a beta of 1.66. Aegion Corp has a 12 month low of $17.85 and a 12 month high of $26.68. The company’s 50-day moving average price is $21.08 and its 200-day moving average price is $21.63.

Aegion Corp (NASDAQ:AEGN) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $351.51 million. During the same quarter last year, the business posted $0.23 EPS. The company’s quarterly revenue was up 18.9% on a year-over-year basis. Analysts anticipate that Aegion Corp will post $1.18 EPS for the current year.

Several equities analysts have recently issued reports 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 reiterated a “buy” rating and issued a $26.00 price target on shares of Aegion Corp in a research note on Thursday, August 10th. Sidoti lowered Aegion Corp from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $23.50 price target on shares of Aegion Corp in a research note on Monday, August 7th. Finally, ValuEngine upgraded Aegion Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Aegion Corp currently has an average rating of “Buy” and an average price target of $23.17.

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

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