Insider Selling: Aecon Group (TSE:ARE) Insider Sells C$204,975.00 in Stock

Aecon Group Inc. (TSE:ARE) insider Steven Neil Nackan sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of C$45.55, for a total value of C$204,975.00. Following the transaction, the insider directly owned 8,035 shares in the company, valued at approximately C$365,994.25. This represents a 35.90% decrease in their position.

Steven Neil Nackan also recently made the following trade(s):

• On Monday, August 24th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The stock was sold at an average price of C$44.16, for a total value of C$44,160.00.
• On Tuesday, August 18th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The shares were sold at an average price of C$47.02, for a total value of C$47,020.00.
• On Thursday, August 6th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The shares were sold at an average price of C$47.72, for a total value of C$47,720.00.

Aecon Group Stock Performance

Shares of Aecon Group stock opened at C$43.61 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.08 and a debt-to-equity ratio of 84.23. The stock’s fifty day moving average is C$47.42 and its two-hundred day moving average is C$45.13. Aecon Group Inc. has a 52 week low of C$19.81 and a 52 week high of C$57.72. The company has a market capitalization of C$2.99 billion, a PE ratio of -45.91, a price-to-earnings-growth ratio of 18.18 and a beta of 1.41.

Aecon Group (TSE:ARE) last released its earnings results on Thursday, July 30th. The company reported C$0.33 earnings per share for the quarter. The business had revenue of C$1.63 billion during the quarter. Aecon Group had a negative return on equity of 6.76% and a negative net margin of 1.10%. As a group, analysts expect that Aecon Group Inc. will post 1.3793321 earnings per share for the current year.

Aecon Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were issued a dividend of $0.1925 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.77 dividend on an annualized basis and a yield of 1.8%. Aecon Group’s dividend payout ratio (DPR) is presently -80.53%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ARE shares. Canaccord Genuity Group raised their target price on shares of Aecon Group from C$56.00 to C$57.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Stifel Nicolaus upgraded Aecon Group from a “hold” rating to a “buy” rating and boosted their price target for the company from C$46.00 to C$54.00 in a report on Friday, June 26th. TD dropped their price objective on Aecon Group from C$62.00 to C$61.00 and set a “buy” rating on the stock in a research note on Friday, June 26th. National Bank Financial raised their price objective on Aecon Group from C$59.00 to C$65.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Finally, Desjardins lifted their target price on Aecon Group from C$55.00 to C$61.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$55.08.

Aecon Group Company Profile

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.