ValuEngine Upgrades Aegion (AEGN) to “Hold”

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ValuEngine upgraded shares of Aegion (NASDAQ:AEGN) from a sell rating to a hold rating in a report issued on Monday morning, ValuEngine reports.

Several other analysts have also issued reports on the stock. Maxim Group restated a hold rating and issued a $17.00 price objective on shares of Aegion in a report on Tuesday, April 16th. BidaskClub raised Aegion from a hold rating to a buy rating in a research report on Saturday, April 13th. Finally, Zacks Investment Research raised Aegion from a sell rating to a hold rating in a research report on Tuesday, February 12th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Aegion presently has a consensus rating of Hold and a consensus price target of $25.50.

NASDAQ AEGN opened at $16.71 on Monday. Aegion has a 52 week low of $15.12 and a 52 week high of $26.80. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.94 and a current ratio of 2.19. The firm has a market cap of $632.22 million, a PE ratio of 14.04, a P/E/G ratio of 1.62 and a beta of 1.87.

Aegion (NASDAQ:AEGN) last issued its quarterly earnings data on Wednesday, May 1st. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). The company had revenue of $276.90 million during the quarter, compared to analysts’ expectations of $303.85 million. Aegion had a net margin of 0.22% and a return on equity of 8.05%. The firm’s quarterly revenue was down 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. Sell-side analysts expect that Aegion will post 1.23 earnings per share for the current fiscal year.

In related 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 value of $71,799.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in AEGN. Bank of New York Mellon Corp grew 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 purchasing an additional 8,237 shares during the last quarter. BlackRock Inc. grew 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 purchasing an additional 161,864 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Aegion by 11.2% in the 3rd quarter. Renaissance Technologies LLC now owns 550,400 shares of the construction company’s stock worth $13,969,000 after acquiring an additional 55,400 shares during the last quarter. MetLife Investment Advisors LLC grew its holdings in Aegion by 53.0% in the 3rd quarter. MetLife Investment Advisors LLC now owns 23,058 shares of the construction company’s stock worth $585,000 after acquiring an additional 7,983 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in Aegion by 4.7% in the 3rd quarter. Teachers Advisors LLC now owns 65,804 shares of the construction company’s stock worth $1,670,000 after acquiring an additional 2,928 shares during the last quarter. Institutional investors and hedge funds own 97.45% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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