Texas Permanent School Fund lessened its stake in shares of Aegion Corp (NASDAQ:AEGN) by 8.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,988 shares of the construction company’s stock after selling 2,112 shares during the period. Texas Permanent School Fund owned 0.07% of Aegion worth $559,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its stake in Aegion by 9.4% during the 2nd quarter. Wells Fargo & Company MN now owns 28,296 shares of the construction company’s stock valued at $619,000 after purchasing an additional 2,429 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Aegion by 20.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 222,543 shares of the construction company’s stock worth $4,868,000 after acquiring an additional 37,930 shares in the last quarter. Northern Trust Corp grew its stake in shares of Aegion by 31.1% in the 2nd quarter. Northern Trust Corp now owns 860,285 shares of the construction company’s stock worth $18,823,000 after acquiring an additional 203,912 shares in the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Aegion in the 2nd quarter worth $310,000. Finally, Voya Investment Management LLC grew its stake in shares of Aegion by 6.0% in the 2nd quarter. Voya Investment Management LLC now owns 32,104 shares of the construction company’s stock worth $702,000 after acquiring an additional 1,817 shares in the last quarter. Institutional investors own 93.74% of the company’s stock.
Several equities analysts recently weighed in on AEGN shares. Zacks Investment Research lowered shares of Aegion from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. DA Davidson reaffirmed a “neutral” rating on shares of Aegion in a report on Thursday, March 1st. BidaskClub downgraded shares of Aegion from a “hold” rating to a “sell” rating in a report on Friday, January 26th. ValuEngine raised shares of Aegion from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $26.00 price target on shares of Aegion in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $26.75.
Aegion Corp (NASDAQ AEGN) opened at $22.98 on Wednesday. Aegion Corp has a fifty-two week low of $19.11 and a fifty-two week high of $28.19. The stock has a market cap of $753.88, a P/E ratio of 22.21, a PEG ratio of 1.36 and a beta of 1.69. The company has a quick ratio of 2.00, a current ratio of 2.24 and a debt-to-equity ratio of 0.63.
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Aegion Company Profile
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company operates through three segments: Infrastructure Solutions, Corrosion Protection and Energy Services. The Company offers service solutions, including rehabilitation of water and wastewater pipelines with Insituform cured-in-place pipe (CIPP) products; fusible polyvinyl chloride products for rehabilitation; fiber reinforced polymer systems for rehabilitation and strengthening; cathodic protection for corrosion engineering control and infrastructure rehabilitation; pipe coatings for corrosion control and prevention; high density polyethylene (HDPE) pipe lining for corrosion control, abrasion protection and pipeline rehabilitation, and construction and maintenance of oil and gas facilities.
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