LSV Asset Management Sells 6,600 Shares of Aegion Corp (AEGN)


LSV Asset Management decreased its position in Aegion Corp (NASDAQ:AEGN) by 5.7% in the 1st quarter, HoldingsChannel reports. The fund owned 108,700 shares of the construction company’s stock after selling 6,600 shares during the period. LSV Asset Management’s holdings in Aegion were worth $2,490,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. acquired a new position in Aegion in the 4th quarter valued at approximately $209,000. Teacher Retirement System of Texas acquired a new position in Aegion in the 4th quarter valued at approximately $291,000. Global X Management Co. LLC raised its holdings in Aegion by 245.3% in the 1st quarter. Global X Management Co. LLC now owns 11,586 shares of the construction company’s stock valued at $265,000 after acquiring an additional 8,231 shares in the last quarter. MetLife Investment Advisors LLC acquired a new position in Aegion in the 4th quarter valued at approximately $383,000. Finally, Stone Ridge Asset Management LLC acquired a new position in Aegion in the 4th quarter valued at approximately $601,000. 92.47% of the stock is owned by hedge funds and other institutional investors.


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In other news, CAO Michael D. White sold 4,141 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $23.36, for a total value of $96,733.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Charles R. Gordon sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $23.36, for a total value of $467,200.00. Following the completion of the sale, the chief executive officer now owns 306,802 shares in the company, valued at $7,166,894.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,641 shares of company stock worth $745,059. Corporate insiders own 3.37% of the company’s stock.


Several equities analysts have commented on the company. BidaskClub cut Aegion from a “hold” rating to a “sell” rating in a report on Friday, January 26th. ValuEngine raised Aegion from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. Finally, Zacks Investment Research raised Aegion from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $26.75.


AEGN stock opened at $26.17 on Tuesday. Aegion Corp has a 1-year low of $19.11 and a 1-year high of $28.19. The company has a market capitalization of $834.72 million, a PE ratio of 25.41, a P/E/G ratio of 1.48 and a beta of 1.72. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.08 and a current ratio of 2.37.

Aegion (NASDAQ:AEGN) last released its quarterly earnings data on Wednesday, February 28th. The construction company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.03). Aegion had a negative net margin of 5.99% and a positive return on equity of 6.22%. The company had revenue of $337.50 million during the quarter, compared to the consensus estimate of $332.50 million. analysts forecast that Aegion Corp will post 1.38 earnings per share for the current year.


Aegion Company 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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