Aecon Group (TSE:ARE) Insider Sells 1,000 Shares

Aecon Group Inc. (TSE:ARE) insider Steven Neil Nackan sold 1,000 shares of Aecon Group stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$47.02, for a total transaction of C$47,020.00. Following the transaction, the insider directly owned 13,535 shares in the company, valued at approximately C$636,415.70. This trade represents a 6.88% decrease in their ownership of the stock.

Steven Neil Nackan also recently made the following trade(s):

• On Thursday, August 6th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The stock was sold at an average price of C$47.72, for a total transaction of C$47,720.00.

Aecon Group Trading Down 0.4%

Shares of Aecon Group stock traded down C$0.21 during trading hours on Tuesday, hitting C$47.09. The company’s stock had a trading volume of 171,810 shares, compared to its average volume of 482,476. The business has a fifty day moving average of C$47.26 and a 200 day moving average of C$44.57. 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 quick ratio of 1.27, a current ratio of 1.08 and a debt-to-equity ratio of 84.23. The company has a market capitalization of C$3.23 billion, a PE ratio of -49.57, a P/E/G ratio of 18.18 and a beta of 1.41.

Aecon Group (TSE:ARE) last posted its earnings results on Thursday, July 30th. The company reported C$0.33 earnings per share for the quarter. Aecon Group had a negative net margin of 1.10% and a negative return on equity of 6.76%. The business had revenue of C$1.63 billion for the quarter. As a group, equities analysts forecast that Aecon Group Inc. will post 1.3793321 EPS for the current year.

Aecon Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were given a $0.1925 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.77 annualized dividend and a yield of 1.6%. Aecon Group’s dividend payout ratio (DPR) is -80.53%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ARE shares. Stifel Nicolaus raised Aecon Group from a “hold” rating to a “buy” rating and upped their target price for the stock from C$46.00 to C$54.00 in a research report on Friday, June 26th. Desjardins upped their price target on Aecon Group from C$55.00 to C$61.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Canaccord Genuity Group boosted their target price on shares of Aecon Group from C$56.00 to C$57.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. TD decreased their target price 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. Finally, National Bank Financial raised their price target on shares of Aecon Group from C$59.00 to C$65.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$55.08.

Aecon Group Company Profile

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.