Aegion Corp (AEGN) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its stake in Aegion Corp (NASDAQ:AEGN) by 6.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 296,646 shares of the construction company’s stock after buying an additional 18,468 shares during the period. Schwab Charles Investment Management Inc. owned about 0.91% of Aegion worth $6,906,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its stake 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 buying an additional 426 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Aegion in the third quarter worth $131,000. SG Americas Securities LLC bought a new stake in shares of Aegion in the third quarter worth $133,000. Eqis Capital Management Inc. bought a new stake in shares of Aegion in the third quarter worth $210,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Aegion in the third quarter worth $240,000. Institutional investors and hedge funds own 92.96% of the company’s stock.

In other news, CFO David A. Martin sold 10,000 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 101,430 shares of the company’s stock, valued at $2,434,320. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP David F. Morris sold 9,239 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were 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. 3.62% of the stock is owned by insiders.

Several analysts have weighed in on AEGN shares. Zacks Investment Research upgraded shares of Aegion from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Tuesday. ValuEngine upgraded shares of Aegion from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. BidaskClub lowered shares of Aegion from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. Hilliard Lyons upgraded shares of Aegion from a “neutral” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, October 4th. Finally, Canaccord Genuity boosted their target price on shares of Aegion from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Aegion has a consensus rating of “Hold” and an average target price of $26.75.

Shares of Aegion Corp (AEGN) opened at $25.48 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. Aegion Corp has a 12 month low of $19.11 and a 12 month high of $28.19. The firm has a market cap of $822.93, a price-to-earnings ratio of -21.06, a price-to-earnings-growth ratio of 1.47 and a beta of 1.77.

Aegion (NASDAQ:AEGN) last released its earnings results on Wednesday, November 1st. The construction company reported $0.32 earnings per share for the quarter, beating 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 analyst estimates of $328.98 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. equities research analysts forecast that Aegion Corp will post 1.09 EPS 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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