Aegion Corp (AEGN) Shares Down 4.2%
Aegion Corp (NASDAQ:AEGN)’s share price fell 4.2% on Wednesday . The stock traded as low as $19.30 and last traded at $19.31, with a volume of 151,189 shares trading hands. The stock had previously closed at $20.15.
Several research firms have weighed in on AEGN. Hilliard Lyons upgraded Aegion Corp from a “neutral” rating to a “buy” rating in a report on Tuesday, June 28th. Zacks Investment Research upgraded Aegion Corp from a “sell” rating to a “hold” rating in a report on Thursday, May 5th. Finally, Sidoti started coverage on Aegion Corp in a report on Monday, June 27th. They set a “neutral” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $22.00.
The firm’s market cap is $645.28 million. The company has a 50-day moving average price of $19.65 and a 200-day moving average price of $19.62.
Aegion Corp (NASDAQ:AEGN) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. During the same period last year, the firm earned $0.35 EPS. The firm earned $297.69 million during the quarter, compared to analyst estimates of $313.10 million. Aegion Corp’s quarterly revenue was down 11.7% on a year-over-year basis. Equities research analysts predict that Aegion Corp will post $1.20 EPS for the current fiscal year.
A number of institutional investors recently made changes to their positions in the company. KBC Group NV raised 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 during the last quarter. Bank of Montreal Can raised 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 during the last quarter. First Trust Advisors LP raised 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 during the last quarter. Finally, Rhumbline Advisers raised 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 during 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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