Aegion Corp (AEGN) Shares Bought by BlackRock Inc.

BlackRock Inc. increased its stake in Aegion Corp (NASDAQ:AEGN) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,028,912 shares of the construction company’s stock after purchasing an additional 395,682 shares during the quarter. BlackRock Inc. owned 15.56% of Aegion worth $82,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thompson Rubinstein Investment Management Inc. OR raised its stake in shares of Aegion by 4.6% during the fourth quarter. Thompson Rubinstein Investment Management Inc. OR now owns 222,908 shares of the construction company’s stock valued at $3,638,000 after purchasing an additional 9,774 shares during the period. Vanguard Group Inc boosted its holdings in Aegion by 2.5% in the third quarter. Vanguard Group Inc now owns 3,109,497 shares of the construction company’s stock worth $78,919,000 after purchasing an additional 75,215 shares during the period. GSA Capital Partners LLP boosted its holdings in Aegion by 65.7% in the third quarter. GSA Capital Partners LLP now owns 31,016 shares of the construction company’s stock worth $787,000 after purchasing an additional 12,300 shares during the period. Boston Partners boosted its holdings in Aegion by 7.9% in the fourth quarter. Boston Partners now owns 1,190,432 shares of the construction company’s stock worth $19,428,000 after purchasing an additional 87,555 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in Aegion by 4.7% in the third quarter. Teachers Advisors LLC now owns 65,804 shares of the construction company’s stock worth $1,670,000 after purchasing an additional 2,928 shares during the period. Institutional investors and hedge funds own 97.27% of the company’s stock.

In other Aegion news, SVP Stephen P. Callahan sold 3,419 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $21.00, for a total transaction of $71,799.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.90% of the stock is owned by corporate insiders.

AEGN has been the subject of several analyst reports. BidaskClub raised shares of Aegion from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Investment Research downgraded shares of Aegion from a “hold” rating to a “sell” rating in a report on Friday, February 1st. ValuEngine downgraded shares of Aegion from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Finally, Maxim Group initiated coverage on shares of Aegion in a report on Monday, January 7th. They issued a “hold” rating and a $18.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.75.

Shares of AEGN traded down $0.23 during trading hours on Monday, reaching $19.16. The company’s stock had a trading volume of 117,549 shares, compared to its average volume of 165,490. The company has a market capitalization of $611.90 million, a price-to-earnings ratio of 16.10, a P/E/G ratio of 1.57 and a beta of 1.83. Aegion Corp has a 1-year low of $15.12 and a 1-year high of $26.80. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.19 and a quick ratio of 1.94.

Aegion (NASDAQ:AEGN) last announced its quarterly earnings results on Wednesday, February 27th. The construction company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Aegion had a return on equity of 8.05% and a net margin of 0.22%. Equities research analysts expect that Aegion Corp will post 1.23 earnings per share for the current fiscal year.

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About Aegion

Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the United States, Canada, Europe, and internationally. 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 and natural gas companies.

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Institutional Ownership by Quarter for Aegion (NASDAQ:AEGN)

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