Public Sector Pension investment Board Decreases Position in Aegion Corp (AEGN)

Public Sector Pension investment Board trimmed its holdings in shares of Aegion Corp (NASDAQ:AEGN) by 30.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,474 shares of the construction company’s stock after selling 7,500 shares during the period. Public Sector Pension investment Board owned 0.05% of Aegion Corp worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Thrivent Financial For Lutherans boosted its position in Aegion Corp by 65.6% during the 2nd quarter. Thrivent Financial For Lutherans now owns 370,323 shares of the construction company’s stock worth $8,103,000 after purchasing an additional 146,670 shares during the period. Laurion Capital Management LP purchased a new stake in Aegion Corp during the 2nd quarter worth $355,000. Ameriprise Financial Inc. boosted its position in Aegion Corp by 20.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 222,543 shares of the construction company’s stock worth $4,868,000 after purchasing an additional 37,930 shares during the period. AXA boosted its position in Aegion Corp by 30.6% during the 2nd quarter. AXA now owns 23,900 shares of the construction company’s stock worth $523,000 after purchasing an additional 5,600 shares during the period. Finally, Systematic Financial Management LP boosted its position in Aegion Corp by 7.5% during the 2nd quarter. Systematic Financial Management LP now owns 74,630 shares of the construction company’s stock worth $1,633,000 after purchasing an additional 5,220 shares during the period. 88.86% of the stock is owned by hedge funds and other institutional investors.

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A number of analysts recently weighed in on AEGN shares. BidaskClub raised shares of Aegion Corp from a “sell” rating to a “hold” rating in a research report on Saturday, July 8th. Hilliard Lyons raised shares of Aegion Corp from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, October 4th. ValuEngine raised shares of Aegion Corp from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Canaccord Genuity reaffirmed a “buy” rating and set a $26.00 price target on shares of Aegion Corp in a research report on Thursday, August 10th. Finally, TheStreet raised shares of Aegion Corp from a “c+” rating to a “b” rating in a research report on Tuesday, August 1st. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Aegion Corp presently has a consensus rating of “Buy” and an average target price of $25.17.

Shares of Aegion Corp (NASDAQ AEGN) opened at 22.46 on Thursday. Aegion Corp has a 12 month low of $17.85 and a 12 month high of $26.68. The company’s 50-day moving average is $22.04 and its 200-day moving average is $21.63. The stock has a market capitalization of $708.57 million, a PE ratio of 16.58 and a beta of 1.69.

Aegion Corp (NASDAQ:AEGN) last announced its earnings results on Tuesday, August 1st. The construction company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.08). The firm had revenue of $354.47 million during the quarter, compared to the consensus estimate of $351.51 million. Aegion Corp had a return on equity of 7.52% and a net margin of 3.57%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 EPS. Equities research analysts expect that Aegion Corp will post $1.06 earnings per share for the current fiscal year.

Aegion Corp 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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Institutional Ownership by Quarter for Aegion Corp (NASDAQ:AEGN)

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