Aecon Group (TSE:ARE) Insider Sells C$47,020.00 in Stock

Aecon Group Inc. (TSE:ARE) insider Steven Neil Nackan sold 1,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of C$47.02, for a total transaction of C$47,020.00. Following the sale, the insider directly owned 13,535 shares of the company’s stock, valued at approximately C$636,415.70. This trade represents a 6.88% decrease in their ownership of the stock.

Steven Neil Nackan also recently made the following trade(s):

• On Thursday, August 6th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The shares were sold at an average price of C$47.72, for a total value of C$47,720.00.

Aecon Group Trading Down 2.3%

TSE:ARE opened at C$44.95 on Friday. The business’s 50-day moving average is C$47.40 and its two-hundred day moving average is C$44.80. The firm has a market capitalization of C$3.08 billion, a PE ratio of -47.32, a price-to-earnings-growth ratio of 18.18 and a beta of 1.41. Aecon Group Inc. has a 12 month low of C$19.81 and a 12 month high of C$57.72. The company has a debt-to-equity ratio of 84.23, a current ratio of 1.08 and a quick ratio of 1.27.

Aecon Group (TSE:ARE) last issued its earnings results on Thursday, July 30th. The company reported C$0.33 earnings per share for the quarter. The company had revenue of C$1.63 billion during the quarter. Aecon Group had a negative return on equity of 6.76% and a negative net margin of 1.10%. Research analysts predict that Aecon Group Inc. will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were given a $0.1925 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.77 annualized dividend and a yield of 1.7%. Aecon Group’s dividend payout ratio (DPR) is -80.53%.

Analyst Ratings Changes

A number of research analysts have recently commented on ARE shares. Stifel Nicolaus raised shares of Aecon Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$46.00 to C$54.00 in a research report on Friday, June 26th. Canaccord Genuity Group raised their price target on shares of Aecon Group from C$56.00 to C$57.00 and gave the company a “buy” rating in a report on Monday, June 29th. BMO Capital Markets lifted their price target on shares of Aecon Group from C$45.00 to C$49.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Royal Bank Of Canada lifted their price target on shares of Aecon Group from C$44.00 to C$49.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Finally, TD cut their price objective on shares of Aecon Group from C$62.00 to C$61.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$55.08.

Aecon Group Company Profile

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.