First Trust Advisors LP Grows Holdings in Aegion Corp (AEGN)

First Trust Advisors LP boosted its holdings in Aegion Corp (NASDAQ:AEGN) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 370,033 shares of the construction company’s stock after purchasing an additional 3,419 shares during the quarter. First Trust Advisors LP owned approximately 1.14% of Aegion worth $9,391,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in Aegion by 123.1% during the 1st quarter. Royal Bank of Canada now owns 7,139 shares of the construction company’s stock valued at $164,000 after buying an additional 3,939 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new stake in Aegion during the 1st quarter valued at $207,000. Bank of Montreal Can purchased a new stake in Aegion during the 2nd quarter valued at $123,000. Foundry Partners LLC raised its stake in Aegion by 5.0% during the 2nd quarter. Foundry Partners LLC now owns 422,195 shares of the construction company’s stock valued at $10,872,000 after buying an additional 20,076 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in Aegion during the 2nd quarter valued at $194,000. 92.75% of the stock is owned by hedge funds and other institutional investors.

Shares of AEGN stock opened at $18.94 on Wednesday. Aegion Corp has a 1 year low of $18.26 and a 1 year high of $28.19. The company has a quick ratio of 1.89, a current ratio of 2.17 and a debt-to-equity ratio of 0.57. The firm has a market cap of $628.51 million, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.68 and a beta of 2.01.

Aegion (NASDAQ:AEGN) last issued its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.02). Aegion had a negative net margin of 0.55% and a positive return on equity of 7.42%. The business had revenue of $339.68 million for the quarter, compared to the consensus estimate of $344.25 million. On average, sell-side analysts forecast that Aegion Corp will post 1.16 earnings per share for the current fiscal year.

A number of brokerages have weighed in on AEGN. Zacks Investment Research reiterated a “sell” rating on shares of Aegion in a research note on Monday. BidaskClub upgraded shares of Aegion from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. Canaccord Genuity lowered shares of Aegion from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. ValuEngine lowered shares of Aegion from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Finally, Stifel Nicolaus boosted their target price on shares of Aegion from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Monday, August 6th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $28.33.

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Aegion Profile

Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure worldwide. It operates through three segments: Infrastructure Solutions, Corrosion Protection, and Energy Services. The company offers various solutions for rehabilitating and maintaining aging or deteriorating infrastructure; protecting new infrastructure from corrosion; and providing integrated professional services in engineering, procurement, construction, maintenance, and turnaround services for oil companies.

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Institutional Ownership by Quarter for Aegion (NASDAQ:AEGN)

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