Thompson Rubinstein Investment Management Inc. OR increased its position in shares of Aegion Corp (NASDAQ:AEGN) by 14.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 254,242 shares of the construction company’s stock after acquiring an additional 31,334 shares during the period. Aegion comprises about 1.4% of Thompson Rubinstein Investment Management Inc. OR’s portfolio, making the stock its 28th biggest position. Thompson Rubinstein Investment Management Inc. OR owned about 0.80% of Aegion worth $4,467,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in shares of Aegion by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 373,187 shares of the construction company’s stock valued at $9,472,000 after buying an additional 8,237 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Aegion by 3.6% during the 3rd quarter. BlackRock Inc. now owns 4,633,230 shares of the construction company’s stock valued at $117,594,000 after buying an additional 161,864 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Aegion by 65.7% during the 3rd quarter. GSA Capital Partners LLP now owns 31,016 shares of the construction company’s stock valued at $787,000 after buying an additional 12,300 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Aegion during the 3rd quarter valued at about $365,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Aegion by 11.2% during the 3rd quarter. Renaissance Technologies LLC now owns 550,400 shares of the construction company’s stock valued at $13,969,000 after buying an additional 55,400 shares during the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.
In other Aegion news, SVP Stephen P. Callahan sold 3,419 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $21.00, for a total value of $71,799.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.90% of the stock is owned by insiders.
Aegion (NASDAQ:AEGN) last issued its quarterly earnings data on Wednesday, February 27th. The construction company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. The firm had revenue of $334.00 million during the quarter, compared to the consensus estimate of $311.00 million. Aegion had a net margin of 0.22% and a return on equity of 8.05%. Analysts expect that Aegion Corp will post 1.23 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on AEGN shares. BidaskClub upgraded Aegion from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Zacks Investment Research upgraded Aegion from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Maxim Group reiterated a “hold” rating and set a $17.00 price target on shares of Aegion in a report on Tuesday, April 16th. Finally, ValuEngine lowered Aegion from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $25.50.
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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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