Aecon Group (TSE:ARE) Director Scott Stewart Acquires 4,455 Shares

Aecon Group Inc. (TSE:ARE) Director Scott Stewart bought 4,455 shares of the company’s stock in a transaction on Friday, August 28th. The stock was purchased at an average cost of C$44.89 per share, with a total value of C$199,984.95. Following the completion of the transaction, the director owned 24,484 shares in the company, valued at C$1,099,086.76. This represents a 22.24% increase in their ownership of the stock.

Aecon Group Stock Down 3.9%

Shares of TSE:ARE opened at C$41.72 on Wednesday. The firm has a market capitalization of C$2.86 billion, a PE ratio of -43.92, a price-to-earnings-growth ratio of 18.18 and a beta of 1.41. Aecon Group Inc. has a 1 year low of C$19.81 and a 1 year high of C$57.72. The company has a debt-to-equity ratio of 84.23, a current ratio of 1.08 and a quick ratio of 1.27. The firm’s 50-day moving average is C$47.33 and its two-hundred day moving average is C$45.21.

Aecon Group (TSE:ARE) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.33 EPS for the quarter. The business had revenue of C$1.63 billion during the quarter. Aecon Group had a negative net margin of 1.10% and a negative return on equity of 6.76%. Analysts predict that Aecon Group Inc. will post 1.3793321 EPS for the current year.

Aecon Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were paid a dividend of $0.1925 per share. This represents a $0.77 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, June 23rd. Aecon Group’s payout ratio is presently -80.53%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Raymond James Financial upgraded shares of Aecon Group from a “hold” rating to a “moderate buy” rating and boosted their target price for the stock from C$52.00 to C$60.00 in a research note on Friday, July 3rd. Desjardins raised their target price on shares of Aecon Group from C$55.00 to C$61.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. TD decreased their price target on shares of Aecon Group from C$62.00 to C$61.00 and set a “buy” rating for the company in a research note on Friday, June 26th. National Bank Financial raised their price objective on shares of Aecon Group from C$59.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Finally, Canaccord Genuity Group lifted their target price on Aecon Group from C$56.00 to C$57.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Aecon Group has a consensus rating of “Moderate Buy” and an average price target of C$55.08.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.