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

Aecon Group Inc. (TSE:ARE) insider Steven Neil Nackan sold 1,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of C$44.16, for a total value of C$44,160.00. Following the transaction, the insider owned 12,535 shares in the company, valued at approximately C$553,545.60. This trade represents a 7.39% decrease in their position.

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

• On Tuesday, August 18th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The shares were sold at an average price of C$47.02, for a total transaction of C$47,020.00.
• 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 Price Performance

Shares of ARE stock traded up C$0.94 during trading on Wednesday, hitting C$43.90. The company had a trading volume of 172,492 shares, compared to its average volume of 478,318. The stock’s 50-day moving average price is C$47.39 and its 200 day moving average price is C$44.97. The firm has a market capitalization of C$3.01 billion, a P/E ratio of -46.21, a price-to-earnings-growth ratio of 18.18 and a beta of 1.41. The company has a debt-to-equity ratio of 84.23, a quick ratio of 1.27 and a current ratio of 1.08. Aecon Group Inc. has a one year low of C$19.81 and a one year high of C$57.72.

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

Aecon Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ARE shares. Canaccord Genuity Group raised their price objective on Aecon Group from C$56.00 to C$57.00 and gave the company a “buy” rating in a report on Monday, June 29th. BMO Capital Markets upped their price objective on shares of Aecon Group from C$45.00 to C$49.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. TD lowered 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. Royal Bank Of Canada boosted their target price on shares of Aecon Group from C$44.00 to C$49.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Finally, National Bank Financial raised their target price on Aecon Group from C$59.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average 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.