Pinebridge Investments L.P. grew its holdings in Aegion Corp (NASDAQ:AEGN) by 31.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,514 shares of the construction company’s stock after acquiring an additional 17,171 shares during the quarter. Pinebridge Investments L.P.’s holdings in Aegion were worth $1,844,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in AEGN. Wells Fargo & Company MN increased its holdings in shares of Aegion by 9.4% in the second quarter. Wells Fargo & Company MN now owns 28,296 shares of the construction company’s stock worth $619,000 after acquiring an additional 2,429 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Aegion by 31.1% in the second quarter. Northern Trust Corp now owns 860,285 shares of the construction company’s stock worth $18,823,000 after acquiring an additional 203,912 shares in the last quarter. Voya Investment Management LLC increased its holdings in shares of Aegion by 6.0% in the second quarter. Voya Investment Management LLC now owns 32,104 shares of the construction company’s stock worth $702,000 after acquiring an additional 1,817 shares in the last quarter. State Street Corp increased its holdings in shares of Aegion by 0.9% in the second quarter. State Street Corp now owns 920,962 shares of the construction company’s stock worth $20,152,000 after acquiring an additional 8,122 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Aegion in the second quarter worth about $295,000. Institutional investors own 89.05% of the company’s stock.
Aegion Corp (AEGN) opened at $24.60 on Friday. The company has a current ratio of 2.36, a quick ratio of 2.09 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $792.35, a PE ratio of 19.03, a P/E/G ratio of 1.41 and a beta of 1.69. Aegion Corp has a fifty-two week low of $19.11 and a fifty-two week high of $28.19.
In related news, EVP David F. Morris sold 9,239 shares of the stock in a transaction dated Thursday, November 30th. The stock was 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 available through this hyperlink. 3.62% of the stock is currently owned by company insiders.
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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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