Dynamic Technology Lab Private Ltd Takes Position in Aegion Corp (AEGN)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Aegion Corp (NASDAQ:AEGN) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,328 shares of the construction company’s stock, valued at approximately $310,000.

Other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in Aegion by 10.1% during the second quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock worth $102,000 after purchasing an additional 426 shares during the period. Victory Capital Management Inc. purchased a new position in Aegion during the third quarter worth approximately $131,000. SG Americas Securities LLC purchased a new position in Aegion during the third quarter worth approximately $133,000. State of Alaska Department of Revenue raised its stake in Aegion by 76.6% during the second quarter. State of Alaska Department of Revenue now owns 6,624 shares of the construction company’s stock worth $144,000 after purchasing an additional 2,874 shares during the period. Finally, Eqis Capital Management Inc. purchased a new position in Aegion during the third quarter worth approximately $210,000. 92.98% of the stock is currently owned by institutional investors.

In related news, CFO David A. Martin sold 10,000 shares of Aegion stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the sale, the chief financial officer now owns 101,430 shares of the company’s stock, valued at approximately $2,434,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David F. Morris sold 9,239 shares of Aegion stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $28.05, for a total transaction of $259,153.95. The disclosure for this sale can be found here. Insiders own 3.62% of the company’s stock.

A number of brokerages have recently commented on AEGN. Stifel Nicolaus reissued a “hold” rating and issued a $23.50 target price on shares of Aegion in a research note on Monday, August 7th. BidaskClub raised shares of Aegion from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. Canaccord Genuity reissued a “buy” rating and issued a $26.00 target price on shares of Aegion in a research note on Thursday, August 10th. Craig Hallum downgraded shares of Aegion from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, ValuEngine raised shares of Aegion from a “hold” rating to a “buy” rating in a research note on Tuesday, September 12th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Aegion has a consensus rating of “Buy” and an average target price of $25.50.

Aegion Corp (AEGN) opened at $27.25 on Monday. Aegion Corp has a one year low of $19.11 and a one year high of $28.19. The company has a quick ratio of 2.09, a current ratio of 2.36 and a debt-to-equity ratio of 0.65. The company has a market cap of $886.36, a price-to-earnings ratio of 21.29, a PEG ratio of 2.02 and a beta of 1.76.

Aegion (NASDAQ:AEGN) last issued its earnings results on Wednesday, November 1st. The construction company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.06. Aegion had a negative net margin of 3.03% and a positive return on equity of 7.62%. The business had revenue of $341.87 million for the quarter, compared to the consensus estimate of $328.98 million. During the same quarter last year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. sell-side analysts forecast that Aegion Corp will post 1.08 earnings per share for the current year.

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About Aegion

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 (NASDAQ:AEGN)

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