Aegion Corp (AEGN) Shares Sold by Citadel Advisors LLC
Citadel Advisors LLC decreased its stake in Aegion Corp (NASDAQ:AEGN) by 18.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,280 shares of the construction company’s stock after selling 35,808 shares during the quarter. Citadel Advisors LLC owned approximately 0.48% of Aegion worth $3,615,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Aegion by 4.4% during the first quarter. Vanguard Group Inc. now owns 3,050,397 shares of the construction company’s stock worth $69,885,000 after acquiring an additional 128,485 shares during the last quarter. Geode Capital Management LLC boosted its position in Aegion by 4.4% during the first quarter. Geode Capital Management LLC now owns 277,556 shares of the construction company’s stock worth $6,358,000 after acquiring an additional 11,626 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Aegion by 10.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 276,996 shares of the construction company’s stock worth $6,346,000 after acquiring an additional 25,447 shares during the last quarter. Bank of America Corp DE boosted its position in Aegion by 58.1% during the first quarter. Bank of America Corp DE now owns 67,634 shares of the construction company’s stock worth $1,549,000 after acquiring an additional 24,854 shares during the last quarter. Finally, State Street Corp boosted its position in Aegion by 4.7% during the first quarter. State Street Corp now owns 912,840 shares of the construction company’s stock worth $20,917,000 after acquiring an additional 41,393 shares during the last quarter. Institutional investors and hedge funds own 92.98% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Canaccord Genuity restated a “buy” rating and set a $26.00 price target on shares of Aegion in a research report on Thursday, August 10th. Sidoti lowered shares of Aegion from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 8th. Stifel Nicolaus restated a “hold” rating and set a $23.50 price target on shares of Aegion in a research report on Monday, August 7th. TheStreet lowered shares of Aegion from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. Finally, ValuEngine upgraded shares of Aegion from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $25.50.
Aegion Corp (NASDAQ:AEGN) opened at $27.25 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.36 and a debt-to-equity ratio of 0.65. The firm has a market cap of $898.72, a PE ratio of 21.59, a price-to-earnings-growth ratio of 2.05 and a beta of 1.76. Aegion Corp has a fifty-two week low of $19.11 and a fifty-two week high of $28.19.
Aegion (NASDAQ:AEGN) last posted its earnings results on Wednesday, November 1st. The construction company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.06. The company had revenue of $341.87 million for the quarter, compared to analyst estimates of $328.98 million. Aegion had a negative net margin of 3.03% and a positive return on equity of 7.62%. Aegion’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. equities research analysts predict that Aegion Corp will post 1.08 earnings per share for the current fiscal year.
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Aegion 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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