Aecon Group (TSE:ARE) Director John Michael Beck Sells 20,000 Shares

Aecon Group Inc. (TSE:ARE) Director John Michael Beck sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of C$49.77, for a total value of C$995,400.00. Following the completion of the sale, the director directly owned 201,417 shares in the company, valued at C$10,024,524.09. This trade represents a 9.03% decrease in their ownership of the stock.

Aecon Group Price Performance

Aecon Group stock traded up C$0.96 during midday trading on Friday, reaching C$50.73. The company’s stock had a trading volume of 569,927 shares, compared to its average volume of 500,208. The company has a current ratio of 1.16, a quick ratio of 1.27 and a debt-to-equity ratio of 42.80. The stock has a market cap of C$3.47 billion, a PE ratio of 92.24, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. Aecon Group Inc. has a 52 week low of C$17.06 and a 52 week high of C$57.72. The business has a 50-day moving average price of C$45.46 and a 200-day moving average price of C$36.80.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Tuesday, April 28th. The company reported C($0.21) earnings per share for the quarter. The company had revenue of C$1.26 billion during the quarter. Aecon Group had a net margin of 0.62% and a return on equity of 3.71%. On average, sell-side analysts predict that Aecon Group Inc. will post 1.3793321 EPS for the current year.

Aecon Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd were issued a dividend of $0.1925 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.77 annualized dividend and a dividend yield of 1.5%. Aecon Group’s dividend payout ratio is 138.64%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ARE shares. Stifel Nicolaus reduced their price objective on Aecon Group from C$46.00 to C$44.50 and set a “hold” rating on the stock in a research report on Thursday, April 30th. National Bank Financial lifted their price target on Aecon Group from C$48.00 to C$59.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Royal Bank Of Canada boosted their price target on Aecon Group from C$44.00 to C$49.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Raymond James Financial raised their price objective on shares of Aecon Group from C$44.00 to C$54.00 in a report on Wednesday, April 29th. Finally, BMO Capital Markets lifted their target price on shares of Aecon Group from C$45.00 to C$49.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$52.29.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.