Aegion (AEGN) Rating Increased to Buy at BidaskClub

BidaskClub upgraded shares of Aegion (NASDAQ:AEGN) from a hold rating to a buy rating in a report published on Saturday, BidAskClub reports.

A number of other brokerages have also commented on AEGN. Zacks Investment Research upgraded shares of Aegion from a sell rating to a hold rating in a report on Tuesday, February 12th. Maxim Group assumed coverage on shares of Aegion in a report on Monday, January 7th. They set a hold rating and a $18.00 price target on the stock. Finally, ValuEngine lowered shares of Aegion from a hold rating to a sell rating in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Aegion has a consensus rating of Hold and an average price target of $25.75.

Shares of NASDAQ:AEGN opened at $19.16 on Friday. The firm has a market cap of $611.90 million, a PE ratio of 16.10, a price-to-earnings-growth ratio of 1.57 and a beta of 1.83. The company has a current ratio of 2.19, a quick ratio of 1.94 and a debt-to-equity ratio of 0.60. Aegion has a 52 week low of $15.12 and a 52 week high of $26.80.

Aegion (NASDAQ:AEGN) last issued its quarterly earnings results on Wednesday, February 27th. The construction company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Aegion had a net margin of 0.22% and a return on equity of 8.05%. Equities analysts anticipate that Aegion will post 1.23 earnings per share for the current year.

In related news, SVP Stephen P. Callahan sold 3,419 shares of Aegion stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $21.00, for a total transaction of $71,799.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.90% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in AEGN. Bank of New York Mellon Corp raised its stake in Aegion by 2.3% during the third quarter. Bank of New York Mellon Corp now owns 373,187 shares of the construction company’s stock worth $9,472,000 after buying an additional 8,237 shares during the last quarter. BlackRock Inc. raised its stake in Aegion by 3.6% during the third quarter. BlackRock Inc. now owns 4,633,230 shares of the construction company’s stock worth $117,594,000 after buying an additional 161,864 shares during the last quarter. GSA Capital Partners LLP raised its stake in Aegion by 65.7% during the third quarter. GSA Capital Partners LLP now owns 31,016 shares of the construction company’s stock worth $787,000 after buying an additional 12,300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Aegion during the third quarter worth $365,000. Finally, Renaissance Technologies LLC raised its stake in Aegion by 11.2% during the third quarter. Renaissance Technologies LLC now owns 550,400 shares of the construction company’s stock worth $13,969,000 after buying an additional 55,400 shares during the last quarter. 97.27% of the stock is owned by institutional investors and hedge funds.

Aegion Company Profile

Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the United States, Canada, Europe, and internationally. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil and natural gas companies.

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