Steven Neil Nackan Sells 1,000 Shares of Aecon Group (TSE:ARE) Stock

Aecon Group Inc. (TSE:AREGet Free Report) insider Steven Neil Nackan sold 1,000 shares of Aecon Group stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of C$47.72, for a total transaction of C$47,720.00. Following the transaction, the insider owned 14,535 shares in the company, valued at approximately C$693,610.20. The trade was a 6.44% decrease in their ownership of the stock.

Aecon Group Price Performance

Shares of TSE:ARE opened at C$46.64 on Friday. The company’s fifty day moving average is C$47.16 and its two-hundred day moving average is C$44.01. The company has a market cap of C$3.20 billion, a P/E ratio of -49.09, 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 quick ratio of 1.27, a current ratio of 1.08 and a debt-to-equity ratio of 84.23.

Aecon Group (TSE:AREGet Free Report) last issued its earnings results 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 business had revenue of C$1.63 billion during the quarter. Equities analysts expect that Aecon Group Inc. will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Tuesday, June 23rd. This represents a $0.77 dividend on an annualized basis and a yield of 1.7%. Aecon Group’s dividend payout ratio (DPR) is presently -80.53%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ARE. Royal Bank Of Canada increased 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 report on Thursday, April 30th. Desjardins upped their price objective 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. Raymond James Financial upgraded shares of Aecon Group from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from C$52.00 to C$60.00 in a research report on Friday, July 3rd. Canaccord Genuity Group lifted their target price on shares of Aecon Group from C$56.00 to C$57.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Finally, TD lowered their price target 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 equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Aecon Group has a consensus rating of “Moderate Buy” and an average price target of C$55.08.

Read Our Latest Analysis on ARE

About Aecon Group

(Get Free Report)

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.

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