Adam Robert Borgatti Buys 4,231 Shares of Aecon Group Inc. (TSE:ARE) Stock

Aecon Group Inc. (TSE:ARE) Senior Officer Adam Robert Borgatti purchased 4,231 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of C$13.07 per share, with a total value of C$55,299.17.

Aecon Group Stock Performance

Shares of Aecon Group stock opened at C$16.94 on Thursday. The firm’s fifty day simple moving average is C$14.90 and its 200-day simple moving average is C$12.70. The stock has a market capitalization of C$1.05 billion, a price-to-earnings ratio of 8.07, a PEG ratio of 18.18 and a beta of 1.16. Aecon Group Inc. has a 12 month low of C$8.42 and a 12 month high of C$17.29. The company has a debt-to-equity ratio of 39.29, a current ratio of 1.42 and a quick ratio of 1.27.

Aecon Group (TSE:ARE) last announced its earnings results on Tuesday, March 5th. The company reported C$0.15 EPS for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.02). The business had revenue of C$1.13 billion during the quarter, compared to analyst estimates of C$1.22 billion. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. As a group, equities analysts forecast that Aecon Group Inc. will post 0.7606646 earnings per share for the current year.

Aecon Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Friday, March 22nd will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.49%. This is a boost from Aecon Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, March 21st. Aecon Group’s payout ratio is presently 36.19%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ARE. TD Securities lifted their price target on shares of Aecon Group from C$14.00 to C$18.50 and gave the stock a “hold” rating in a research note on Friday, March 8th. National Bankshares lifted their price target on shares of Aecon Group from C$10.50 to C$15.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 7th. BMO Capital Markets lifted their price target on shares of Aecon Group from C$14.50 to C$17.50 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. ATB Capital boosted their price objective on shares of Aecon Group from C$15.25 to C$19.50 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, Royal Bank of Canada boosted their price objective on shares of Aecon Group from C$10.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 7th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Aecon Group currently has a consensus rating of “Moderate Buy” and an average price target of C$18.09.

Aecon Group Company Profile

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.