Voya Investment Management LLC lowered its position in shares of Aegion Corp (NASDAQ:AEGN) by 6.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,015 shares of the construction company’s stock after selling 2,075 shares during the quarter. Voya Investment Management LLC’s holdings in Aegion were worth $721,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Aegion by 2.0% during the second quarter. BlackRock Inc. now owns 4,471,366 shares of the construction company’s stock worth $115,136,000 after buying an additional 89,427 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Aegion by 5.7% during the second quarter. Royce & Associates LP now owns 729,894 shares of the construction company’s stock worth $18,795,000 after buying an additional 39,348 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Aegion by 22.2% during the second quarter. Renaissance Technologies LLC now owns 495,000 shares of the construction company’s stock worth $12,746,000 after buying an additional 89,800 shares in the last quarter. Foundry Partners LLC lifted its holdings in shares of Aegion by 5.0% during the second quarter. Foundry Partners LLC now owns 422,195 shares of the construction company’s stock worth $10,872,000 after buying an additional 20,076 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Aegion by 7.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 335,677 shares of the construction company’s stock worth $8,644,000 after buying an additional 24,368 shares in the last quarter. 92.19% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on the company. BidaskClub raised Aegion from a “hold” rating to a “buy” rating in a report on Monday, June 18th. Zacks Investment Research raised Aegion from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday, July 3rd. ValuEngine downgraded Aegion from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Stifel Nicolaus boosted their price target on Aegion from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Monday, August 6th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $27.00 price target on shares of Aegion in a research note on Thursday, August 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.33.

AEGN stock opened at $21.62 on Friday. The stock has a market capitalization of $827.22 million, a P/E ratio of 20.99, a P/E/G ratio of 1.87 and a beta of 1.69. Aegion Corp has a 52 week low of $21.16 and a 52 week high of $28.19. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.32 and a quick ratio of 2.05.

Aegion (NASDAQ:AEGN) last posted its quarterly earnings results on Wednesday, August 1st. The construction company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). The company had revenue of $335.03 million during the quarter, compared to analyst estimates of $328.80 million. Aegion had a negative net margin of 6.33% and a positive return on equity of 6.50%. On average, sell-side analysts predict that Aegion Corp will post 1.36 earnings per share for the current fiscal year.

Aegion Profile

Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure worldwide. 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 companies.

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Institutional Ownership by Quarter for Aegion (NASDAQ:AEGN)

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