Aegion Corp (AEGN) Downgraded to “Hold” at Craig Hallum
Several other research firms have also recently issued reports on AEGN. TheStreet upgraded shares of Aegion Corp from a c+ rating to a b rating in a research note on Tuesday, August 1st. Canaccord Genuity reissued a buy rating and set a $26.00 price target on shares of Aegion Corp in a report on Thursday, August 10th. Sidoti lowered shares of Aegion Corp 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 Corp in a research report on Monday, August 7th. Finally, BidaskClub cut shares of Aegion Corp from a buy rating to a hold rating in a report on Thursday, July 27th. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Aegion Corp has a consensus rating of Buy and an average target price of $23.17.
Aegion Corp (AEGN) traded up 0.905% on Tuesday, hitting $21.745. 486,061 shares of the company were exchanged. The company has a market capitalization of $686.01 million, a P/E ratio of 16.048 and a beta of 1.69. The firm’s 50 day moving average is $21.73 and its 200 day moving average is $21.63. Aegion Corp has a 52 week low of $17.85 and a 52 week high of $26.68.
Aegion Corp (NASDAQ:AEGN) last released its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.08). The company had revenue of $354.47 million during the quarter, compared to analysts’ expectations of $351.51 million. Aegion Corp had a return on equity of 7.52% and a net margin of 3.57%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 EPS. On average, equities research analysts forecast that Aegion Corp will post $1.08 earnings per share for the current fiscal year.
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Hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its stake in 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 acquiring an additional 4,331,939 shares during the period. Vanguard Group Inc. increased its holdings in Aegion Corp by 4.4% in the 1st 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 in the last quarter. Boston Partners increased its holdings in Aegion Corp by 3.2% in the 2nd quarter. Boston Partners now owns 1,029,880 shares of the construction company’s stock worth $22,534,000 after acquiring an additional 32,205 shares in the last quarter. State Street Corp increased its holdings in Aegion Corp by 0.9% in the 2nd quarter. State Street Corp now owns 920,962 shares of the construction company’s stock worth $20,152,000 after acquiring an additional 8,122 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in Aegion Corp by 2.3% in the 2nd quarter. Royce & Associates LP now owns 877,893 shares of the construction company’s stock worth $19,208,000 after acquiring an additional 19,447 shares in the last quarter. 88.84% of the stock is owned by institutional investors and hedge funds.
About Aegion Corp
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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