Aegion Corp. (AEGN) Sees Unusually-High Trading Volume
Aegion Corp. (NASDAQ:AEGN) shares saw unusually-strong trading volume on Friday . Approximately 171,497 shares changed hands during mid-day trading, a decline of 11% from the previous session’s volume of 192,002 shares.The stock last traded at $20.27 and had previously closed at $20.00.
A number of equities analysts recently commented on AEGN shares. Hilliard Lyons raised Aegion Corp. from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 28th. Zacks Investment Research raised Aegion Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. Finally, Sidoti started coverage on Aegion Corp. in a research note on Monday, June 27th. They issued a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.00.
The stock’s 50-day moving average is $19.60 and its 200 day moving average is $19.42. The firm’s market cap is $677.56 million.
Aegion Corp. (NASDAQ:AEGN) last released its quarterly earnings results on Monday, May 2nd. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. The business earned $293.90 million during the quarter, compared to analysts’ expectations of $283.83 million. The business’s revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. On average, equities research analysts anticipate that Aegion Corp. will post $1.24 EPS for the current year.
Several institutional investors have recently made changes to their positions in AEGN. Rhumbline Advisers boosted its position in shares of Aegion Corp. by 2.0% in the fourth quarter. Rhumbline Advisers now owns 61,829 shares of the company’s stock worth $1,194,000 after buying an additional 1,240 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Aegion Corp. by 17.9% in the fourth quarter. First Trust Advisors LP now owns 95,606 shares of the company’s stock worth $1,846,000 after buying an additional 14,501 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Aegion Corp. by 34,264.7% in the fourth quarter. Bank of Montreal Can now owns 99,314 shares of the company’s stock worth $1,917,000 after buying an additional 99,025 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Aegion Corp. by 5.1% in the fourth quarter. KBC Group NV now owns 134,600 shares of the company’s stock worth $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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