Swiss National Bank held its position in Aegion Corp. (NASDAQ:AEGN) during the second quarter, Holdings Channel reports. The fund owned 60,100 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned 0.18% of Aegion Corp. worth $1,173,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of AEGN. Norges Bank purchased a new position in Aegion Corp. during the fourth quarter worth $11,526,000. Aperio Group LLC raised its stake in shares of Aegion Corp. by 5.2% in the first quarter. Aperio Group LLC now owns 22,350 shares of the company’s stock valued at $471,000 after buying an additional 1,103 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Aegion Corp. by 2.5% in the first quarter. TIAA CREF Investment Management LLC now owns 186,805 shares of the company’s stock valued at $3,940,000 after buying an additional 4,488 shares during the last quarter. Algert Global LLC raised its stake in shares of Aegion Corp. by 41.3% in the first quarter. Algert Global LLC now owns 54,708 shares of the company’s stock valued at $1,154,000 after buying an additional 15,994 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Aegion Corp. by 10.8% in the first quarter. BlackRock Inc. now owns 24,703 shares of the company’s stock valued at $521,000 after buying an additional 2,401 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.
Aegion Corp. (NASDAQ:AEGN) traded up 0.58% on Friday, hitting $19.07. The stock had a trading volume of 223,825 shares. The company’s market cap is $632.59 million. Aegion Corp. has a one year low of $16.00 and a one year high of $22.41. The stock has a 50-day moving average of $18.58 and a 200-day moving average of $19.68.
Aegion Corp. (NASDAQ:AEGN) last issued its earnings results on Tuesday, August 2nd. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Aegion Corp. had a positive return on equity of 7.08% and a negative net margin of 1.45%. The firm had revenue of $297.69 million for the quarter, compared to analyst estimates of $313.10 million. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. Equities analysts expect that Aegion Corp. will post $1.14 earnings per share for the current fiscal year.
Several brokerages have commented on AEGN. Sidoti began coverage on shares of Aegion Corp. in a research report on Monday, June 27th. They set a “neutral” rating on the stock. Hilliard Lyons upgraded shares of Aegion Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $22.00.
About Aegion Corp.
Aegion Corporation (Aegion) is engaged in providing infrastructure protection and maintenance. The Company is engaged in providing technologies and services to protect against the corrosion of industrial pipelines, and rehabilitate and strengthen water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures.
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