Insider Selling: Aecon Group (TSE:ARE) Insider Sells C$204,975.00 in Stock

Aecon Group Inc. (TSE:ARE) insider Steven Neil Nackan sold 4,500 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of C$45.55, for a total value of C$204,975.00. Following the completion of the sale, the insider directly owned 8,035 shares in the company, valued at C$365,994.25. This represents a 35.90% decrease in their ownership of the stock.

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

• On Monday, August 24th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The stock was sold at an average price of C$44.16, for a total transaction of C$44,160.00.
• On Tuesday, August 18th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The shares were sold at an average price of C$47.02, for a total transaction of C$47,020.00.
• On Thursday, August 6th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The stock was sold at an average price of C$47.72, for a total value of C$47,720.00.

Aecon Group Price Performance

ARE traded down C$2.18 on Friday, reaching C$43.35. The company had a trading volume of 199,281 shares, compared to its average volume of 477,284. The company has a market capitalization of C$2.97 billion, a P/E ratio of -45.63, a PEG ratio of 18.18 and a beta of 1.41. The company has a current ratio of 1.08, a quick ratio of 1.27 and a debt-to-equity ratio of 84.23. The company has a fifty day moving average of C$47.42 and a 200-day moving average of C$45.09. Aecon Group Inc. has a one year low of C$19.81 and a one year high of C$57.72.

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

Aecon Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were issued a $0.1925 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.77 dividend on an annualized basis and a yield of 1.8%. Aecon Group’s dividend payout ratio is currently -80.53%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ARE. Royal Bank Of Canada boosted their target price 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. Desjardins lifted their price target on shares of Aecon Group from C$55.00 to C$61.00 and gave the company a “hold” rating in a research report on Monday, July 6th. National Bank Financial upped their price objective on shares of Aecon Group from C$59.00 to C$65.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. ATB Cormark Capital Markets raised their target price on shares of Aecon Group from C$42.00 to C$49.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Finally, Canaccord Genuity Group lifted their target price on shares of Aecon Group from C$56.00 to C$57.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.