It has been reported that multiple insider activity took place at Aegion Corporation (AEGN). SVP – Human Resources Callahan Stephen P sold 3,419 shares for $25,108 in transaction occurred on 2019/02/20. After making this transaction, SVP – Human Resources owns a direct stake of -9 shares, worth $481,069, as per the last closing price. On 2018/11/16 MORRIS DAVID F, EVP, CFO at AEGN, purchased 10,000 shares at an average price of $18.5 per share. The new stake is valued at $4,547,319.
Director, WOODS ALFRED L had divested 7,500 shares for $74,196 through a trade on 2018/05/07. Following this activity, the insider holds -21 shares worth $1,421,595 as of recent close.
Price (T.Rowe) Small-Cap Value Fund revealed as top hedge fund owner in Aegion Corporation (AEGN) with a stake of over 2.59M AEGN shares as of December 30, with a market value of approx. $42.26M as of today. The second largest holder, iShares Core S&P Smallcap ETF, with 1.93M shares which equates to $33.53M worth of the stock. At third is Nuveen Small Cap Value Fund, which stood pat with 1.24M shares, a 3.76% position in Aegion Corporation, worth $22.51M. The insider holding in stood at 0.1% while institutions hold 0%.
Aegion Corporation (NASDAQ:AEGN) dropped -1.19% in recent trade and currently has a stock-market value of $598.94M. The shares finished at $19.16, after trading as low as $19.11 earlier in the session. It hit an intraday high Monday at $19.7. Trading activity significantly weakened as the volume at ready counter decreased to 119,218 shares versus 155,765 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 136,639 shares. The stock is now 26.72% above against its bear-market low of $15.12 on December 21, 2018. It has retreated -39.87% since it’s 52-week high of $26.8 reached in July. Now the market price is down -22.52% on the year and up 17.4% YTD.
AEGN stock’s 50 day simple moving average (SMA 50) price is $18.32 and its 200-day simple moving average (SMA 200) price is $20.97. The company’s stock currently has a total float of 30.5M shares. Its weekly volatility is hovering around 3.39% and felt 2.96% volatility in price over a month. On the upside, the share price will test short term resistance at around $19.54. On a downside, the stock is likely to find some support, which begins at $18.95. The failure to get near-term support could push it to $18.73.
It had seen a new analyst call from Maxim Group, which initiated the stock at Hold on January 08. Analysts at Canaccord Genuity, shed their positive views on November 01 by lowering it fromBuy to Hold. Brokerage firm Stifel, looks cautious as they stick to prior recommendation of Hold, in a call on August 06. However, they did change the target price from $28 to $29. Sidoti analysts came out with bullish views on November 22 when the call was made. They think the stock is now Buy compared to to their prior call for Neutral.
When looking at valuations, Aegion Corporation (AEGN) has a pricey P/E of 189.7x as compared to industry average of 20.48x. Moreover, it trades for 13.8 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 1.33x price/book and 0.45x price/sales. Compared to others, Aegion Corporation is in a different league with regards to profitability, having net margins of 0.2%. To put some perspective around this, the industry’s average net margin is -5.3%. AEGN’s ROE is 0.6%, which is also considerably worse than the industry’s ROE of 7.41%. It’s also very liquid in the near term, with a current ratio of 2.2. The stock has a debt/capital of 0.67.
Shares of AEGN have dropped -5.5% since the company’s most recent earnings report. Over the past 12 fiscal quarters, Aegion Corporation (NASDAQ:AEGN) has topped consensus earnings estimates in 4 quarters (33%), missed earnings in 7 quarters (58%), whereas at 1 occasion EPS met analyst expectations. AEGN last reported earnings that exceeded expectations. The company raked in $0.27 per share, -85.71% change on the same period last year. That was better than consensus for $0.26. Revenue for the recent quarter stood at $334 million, down -1% on last year and above the $321.12 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $320 million to $330 million, which should be compared with $356.8 million generated last year. EPS is seen in a range of $0.29 to $0.35, against the $0.37 reported a year ago.
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