Citadel Advisors LLC cut its holdings in Aegion Corp (NASDAQ:AEGN) by 5.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 114,477 shares of the construction company’s stock after selling 7,029 shares during the quarter. Citadel Advisors LLC’s holdings in Aegion were worth $2,948,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Global X Management Co. LLC boosted its stake in shares of Aegion by 245.3% in the first quarter. Global X Management Co. LLC now owns 11,586 shares of the construction company’s stock worth $265,000 after acquiring an additional 8,231 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Aegion by 6.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 311,309 shares of the construction company’s stock worth $7,133,000 after buying an additional 18,189 shares during the last quarter. KBC Group NV boosted its stake in Aegion by 6.0% during the first quarter. KBC Group NV now owns 180,676 shares of the construction company’s stock worth $4,139,000 after buying an additional 10,181 shares during the last quarter. BlackRock Inc. boosted its stake in Aegion by 0.5% during the first quarter. BlackRock Inc. now owns 4,381,939 shares of the construction company’s stock worth $100,391,000 after buying an additional 21,054 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Aegion during the first quarter worth $1,670,000. 92.22% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on AEGN shares. ValuEngine raised Aegion from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Canaccord Genuity reissued a “buy” rating and set a $27.00 price objective on shares of Aegion in a research note on Thursday, August 2nd. Zacks Investment Research raised Aegion from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Tuesday, July 3rd. BidaskClub raised Aegion from a “hold” rating to a “buy” rating in a research note on Monday, June 18th. Finally, Stifel Nicolaus boosted their price objective on Aegion from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Monday, August 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $27.75.
NASDAQ AEGN opened at $24.39 on Thursday. The firm has a market cap of $813.53 million, a price-to-earnings ratio of 25.21, a P/E/G ratio of 1.84 and a beta of 1.73. The company has a current ratio of 2.32, a quick ratio of 2.05 and a debt-to-equity ratio of 0.63. Aegion Corp has a fifty-two week low of $19.81 and a fifty-two week high of $28.19.
Aegion (NASDAQ:AEGN) last released its quarterly earnings data on Wednesday, August 1st. The construction company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.05). The company had revenue of $335.03 million for the quarter, compared to analyst estimates of $328.80 million. Aegion had a positive return on equity of 6.50% and a negative net margin of 6.33%. equities analysts anticipate that Aegion Corp will post 1.36 EPS for the current year.
Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure worldwide. 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 companies.
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