Aecon Group (TSE:ARE) Director John Michael Beck Sells 20,000 Shares of Stock

Aecon Group Inc. (TSE:ARE) Director John Michael Beck sold 20,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of C$49.77, for a total transaction of C$995,400.00. Following the completion of the sale, the director directly owned 201,417 shares of the company’s stock, valued at approximately C$10,024,524.09. This trade represents a 9.03% decrease in their ownership of the stock.

Aecon Group Stock Performance

Shares of TSE ARE opened at C$50.73 on Friday. The firm has a fifty day moving average price of C$45.46 and a 200-day moving average price of C$36.80. The company has a debt-to-equity ratio of 42.80, a current ratio of 1.16 and a quick ratio of 1.27. The stock has a market cap of C$3.47 billion, a PE ratio of 92.24, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. Aecon Group Inc. has a 1 year low of C$17.06 and a 1 year high of C$57.72.

Aecon Group (TSE:ARE) last posted its earnings results on Tuesday, April 28th. The company reported C($0.21) earnings per share for the quarter. The company had revenue of C$1.26 billion for the quarter. Aecon Group had a net margin of 0.62% and a return on equity of 3.71%. Equities analysts anticipate that Aecon Group Inc. will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were given a dividend of $0.1925 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.77 annualized dividend and a yield of 1.5%. Aecon Group’s dividend payout ratio (DPR) is 138.64%.

Analyst Ratings Changes

Several research firms have commented on ARE. Canaccord Genuity Group increased their price objective on shares of Aecon Group from C$52.00 to C$56.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. BMO Capital Markets raised their target price on shares of Aecon Group from C$45.00 to C$49.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Stifel Nicolaus lowered their target price on shares of Aecon Group from C$46.00 to C$44.50 and set a “hold” rating for the company in a report on Thursday, April 30th. Jefferies Financial Group raised their target price on shares of Aecon Group from C$49.00 to C$59.00 in a report on Monday, April 27th. Finally, National Bank Financial raised their target price on shares of Aecon Group from C$48.00 to C$59.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Aecon Group currently has an average rating of “Hold” and a consensus target price of C$52.29.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.