Aegion Corp. (AEGN) Trading Down 4.2%
Aegion Corp. (NASDAQ:AEGN) traded down 4.2% on Wednesday . The company traded as low as $19.30 and last traded at $19.31, with a volume of 151,189 shares. The stock had previously closed at $20.15.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Aegion Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Sidoti assumed coverage on shares of Aegion Corp. in a report on Monday, June 27th. They issued a “neutral” rating on the stock. Finally, Hilliard Lyons upgraded shares of Aegion Corp. from a “neutral” rating to a “buy” rating in a report on Tuesday, June 28th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Aegion Corp. presently has a consensus rating of “Hold” and an average price target of $22.00.
The stock’s market cap is $645.28 million. The company’s 50 day moving average price is $19.66 and its 200-day moving average price is $19.61.
Aegion Corp. (NASDAQ:AEGN) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $297.69 million for the quarter, compared to analysts’ expectations of $313.10 million. During the same period in the prior year, the firm posted $0.35 earnings per share. Aegion Corp.’s revenue for the quarter was down 11.7% on a year-over-year basis. On average, equities analysts forecast that Aegion Corp. will post $1.11 EPS for the current year.
Other large investors have bought and sold shares of the company. First Trust Advisors LP raised its stake in Aegion Corp. by 17.9% in the fourth quarter. First Trust Advisors LP now owns 95,606 shares of the company’s stock valued at $1,846,000 after buying an additional 14,501 shares in the last quarter. Rhumbline Advisers raised its stake in Aegion Corp. by 2.0% in the fourth quarter. Rhumbline Advisers now owns 61,829 shares of the company’s stock valued at $1,194,000 after buying an additional 1,240 shares in the last quarter. Bank of Montreal Can raised its stake in Aegion Corp. by 34,264.7% in the fourth quarter. Bank of Montreal Can now owns 99,314 shares of the company’s stock valued at $1,917,000 after buying an additional 99,025 shares in the last quarter. Finally, KBC Group NV raised its stake in Aegion Corp. by 5.1% in the fourth quarter. KBC Group NV now owns 134,600 shares of the company’s stock valued at $2,599,000 after buying an additional 6,588 shares in the last quarter.
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company is engaged in providing technologies and services to protect against the corrosion of industrial pipelines, and rehabilitate and strengthen water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures.
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