California Public Employees Retirement System Has $3.48 Million Holdings in Aegion Corp (AEGN)

California Public Employees Retirement System grew its position in Aegion Corp (NASDAQ:AEGN) by 2.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 149,600 shares of the construction company’s stock after acquiring an additional 3,000 shares during the period. California Public Employees Retirement System owned about 0.46% of Aegion worth $3,483,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in shares of Aegion by 10.1% in the second quarter. Public Employees Retirement System of Ohio now owns 4,643 shares of the construction company’s stock worth $102,000 after acquiring an additional 426 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Aegion in the third quarter worth about $131,000. SG Americas Securities LLC acquired a new position in shares of Aegion in the third quarter worth about $133,000. Eqis Capital Management Inc. acquired a new position in shares of Aegion in the third quarter worth about $210,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Aegion in the third quarter worth about $240,000. Institutional investors and hedge funds own 92.96% of the company’s stock.

In related news, EVP David F. Morris sold 9,239 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $28.05, for a total transaction of $259,153.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David A. Martin sold 10,000 shares of the company’s stock in a transaction dated 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 directly owns 101,430 shares of the company’s stock, valued at approximately $2,434,320. The disclosure for this sale can be found here. 3.62% of the stock is owned by corporate insiders.

A number of research analysts have weighed in on AEGN shares. Hilliard Lyons upgraded shares of Aegion from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, October 4th. BidaskClub downgraded shares of Aegion from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 14th. Stifel Nicolaus restated a “hold” rating and set a $26.00 price target on shares of Aegion in a research report on Thursday, December 14th. Canaccord Genuity upped their price target on shares of Aegion from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, ValuEngine upgraded shares of Aegion from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Aegion currently has an average rating of “Hold” and a consensus price target of $26.75.

Aegion Corp (NASDAQ AEGN) opened at $26.34 on Friday. Aegion Corp has a 1 year low of $19.11 and a 1 year high of $28.19. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.09 and a current ratio of 2.36. The firm has a market cap of $852.53, a PE ratio of 20.48, a P/E/G ratio of 1.52 and a beta of 1.77.

Aegion (NASDAQ:AEGN) last released its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.32 earnings per share for the quarter, topping the 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 firm had revenue of $341.87 million during the quarter, compared to the consensus estimate of $328.98 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. analysts forecast that Aegion Corp will post 1.09 earnings per share for the current year.

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Aegion 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.

Institutional Ownership by Quarter for Aegion (NASDAQ:AEGN)

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