Aegion Corp. (AEGN) Shares Sold by Ameriprise Financial Inc.
Ameriprise Financial Inc. lowered its position in Aegion Corp. (NASDAQ:AEGN) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 279,645 shares of the company’s stock after selling 20 shares during the period. Ameriprise Financial Inc. owned about 0.84% of Aegion Corp. worth $5,456,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Aperio Group LLC increased its stake in Aegion Corp. by 5.2% in the first quarter. Aperio Group LLC now owns 22,350 shares of the company’s stock worth $471,000 after buying an additional 1,103 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in Aegion Corp. by 2.5% in the first quarter. TIAA CREF Investment Management LLC now owns 186,805 shares of the company’s stock worth $3,940,000 after buying an additional 4,488 shares in the last quarter. BlackRock Inc. increased its stake in Aegion Corp. by 10.8% in the first quarter. BlackRock Inc. now owns 24,703 shares of the company’s stock worth $521,000 after buying an additional 2,401 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Aegion Corp. by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 956,090 shares of the company’s stock worth $20,164,000 after buying an additional 9,500 shares in the last quarter. Finally, UBS Group AG increased its stake in Aegion Corp. by 1.6% in the first quarter. UBS Group AG now owns 55,329 shares of the company’s stock worth $1,167,000 after buying an additional 879 shares in the last quarter. 88.66% of the stock is currently owned by hedge funds and other institutional investors.
Aegion Corp. (NASDAQ:AEGN) traded up 0.42% during trading on Friday, hitting $18.92. 20,879 shares of the stock were exchanged. Aegion Corp. has a 12-month low of $16.00 and a 12-month high of $22.41. The firm’s market cap is $627.61 million. The stock’s 50-day moving average price is $18.74 and its 200-day moving average price is $19.60.
Aegion Corp. (NASDAQ:AEGN) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. Aegion Corp. had a negative net margin of 1.45% and a positive return on equity of 7.08%. The business had revenue of $297.69 million for the quarter, compared to analysts’ expectations of $313.10 million. During the same quarter last year, the company earned $0.35 EPS. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. On average, equities analysts expect that Aegion Corp. will post $1.13 EPS for the current year.
A number of analysts recently commented on AEGN shares. Sidoti initiated coverage on shares of Aegion Corp. in a report on Monday, June 27th. They set a “neutral” rating on the stock. Hilliard Lyons upgraded shares of Aegion Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 28th. Finally, DA Davidson restated a “hold” rating and set a $20.00 target price on shares of Aegion Corp. in a research report on Wednesday, October 5th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.33.
Aegion Corp. Company Profile
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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