South Dakota Investment Council Increases Holdings in Aegion Corp (AEGN)

South Dakota Investment Council raised its holdings in shares of Aegion Corp (NASDAQ:AEGN) by 85.7% in the 1st quarter, Holdings Channel reports. The firm owned 23,210 shares of the construction company’s stock after buying an additional 10,710 shares during the period. South Dakota Investment Council’s holdings in Aegion were worth $408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Thompson Rubinstein Investment Management Inc. OR increased its position in shares of Aegion by 14.1% in the first quarter. Thompson Rubinstein Investment Management Inc. OR now owns 254,242 shares of the construction company’s stock worth $4,467,000 after purchasing an additional 31,334 shares during the period. Legal & General Group Plc lifted its stake in Aegion by 63.2% in the fourth quarter. Legal & General Group Plc now owns 126,437 shares of the construction company’s stock valued at $2,062,000 after buying an additional 48,950 shares during the period. Vanguard Group Inc increased its holdings in shares of Aegion by 2.5% during the third quarter. Vanguard Group Inc now owns 3,109,497 shares of the construction company’s stock valued at $78,919,000 after acquiring an additional 75,215 shares in the last quarter. Boston Partners increased its holdings in shares of Aegion by 7.9% during the fourth quarter. Boston Partners now owns 1,190,432 shares of the construction company’s stock valued at $19,428,000 after acquiring an additional 87,555 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Aegion by 13.6% during the fourth quarter. Principal Financial Group Inc. now owns 296,375 shares of the construction company’s stock valued at $4,837,000 after acquiring an additional 35,484 shares in the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

In other Aegion news, SVP Stephen P. Callahan sold 3,419 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $21.00, for a total value of $71,799.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.90% of the company’s stock.



AEGN opened at $15.64 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.83 and a current ratio of 2.09. Aegion Corp has a 1 year low of $15.12 and a 1 year high of $26.80. The company has a market cap of $489.88 million, a P/E ratio of 13.14, a P/E/G ratio of 1.33 and a beta of 1.87.

Aegion (NASDAQ:AEGN) last posted its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). Aegion had a return on equity of 7.76% and a net margin of 0.08%. The company had revenue of $276.90 million for the quarter, compared to the consensus estimate of $303.85 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. Aegion’s revenue was down 14.8% compared to the same quarter last year. Research analysts forecast that Aegion Corp will post 1.18 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the company. BidaskClub raised Aegion from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Zacks Investment Research raised Aegion from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. ValuEngine upgraded Aegion from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Maxim Group restated a “hold” rating and set a $17.00 price target on shares of Aegion in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $25.50.

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About Aegion

Aegion Corporation provides technologies to maintain, rehabilitate, and strengthen infrastructure in the United States, Canada, Europe, and internationally. 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 and natural gas companies.

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Institutional Ownership by Quarter for Aegion (NASDAQ:AEGN)

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