Scott Stewart Buys 4,455 Shares of Aecon Group (TSE:ARE) Stock

Aecon Group Inc. (TSE:ARE) Director Scott Stewart bought 4,455 shares of Aecon Group stock in a transaction that occurred on Friday, August 28th. The stock was purchased at an average price of C$44.89 per share, for a total transaction of C$199,984.95. Following the acquisition, the director directly owned 24,484 shares of the company’s stock, valued at C$1,099,086.76. The trade was a 22.24% increase in their position.

Aecon Group Stock Performance

Shares of TSE:ARE opened at C$42.39 on Thursday. The firm has a market capitalization of C$2.90 billion, a PE ratio of -44.62, a P/E/G ratio of 18.18 and a beta of 1.41. The company has a debt-to-equity ratio of 84.23, a current ratio of 1.08 and a quick ratio of 1.27. The business has a 50-day moving average of C$47.30 and a two-hundred day moving average of C$45.26. Aecon Group Inc. has a 12 month low of C$20.04 and a 12 month high of C$57.72.

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

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were given a dividend of $0.1925 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, June 23rd. Aecon Group’s payout ratio is -80.53%.

Wall Street Analysts Forecast Growth

ARE has been the topic of a number of research reports. Desjardins raised their target price on shares of Aecon Group from C$55.00 to C$61.00 and gave the company a “hold” rating in a research note on Monday, July 6th. National Bank Financial raised their price objective on Aecon Group from C$59.00 to C$65.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Raymond James Financial raised Aecon Group from a “hold” rating to a “moderate buy” rating and upped their target price for the stock from C$52.00 to C$60.00 in a research report on Friday, July 3rd. Stifel Nicolaus upgraded Aecon Group from a “hold” rating to a “buy” rating and increased their target price for the company from C$46.00 to C$54.00 in a research note on Friday, June 26th. Finally, Canaccord Genuity Group raised their target price on Aecon Group from C$56.00 to C$57.00 and gave the company a “buy” rating in a report on Monday, June 29th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.