Aecon Group Inc. (TSE:ARE – Get Free Report) insider Steven Neil Nackan sold 4,500 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of C$45.55, for a total value of C$204,975.00. Following the sale, the insider owned 8,035 shares of the company’s stock, 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 value 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 value of C$47,020.00.
- 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 Stock Down 4.8%
Shares of ARE traded down C$2.18 during trading on Friday, reaching C$43.35. The company’s stock had a trading volume of 199,281 shares, compared to its average volume of 477,284. The company has a fifty day moving average of C$47.42 and a two-hundred day moving average of C$45.09. Aecon Group Inc. has a twelve month low of C$19.81 and a twelve month high of C$57.72. The company has a market cap of C$2.97 billion, a price-to-earnings ratio of -45.63, a P/E/G ratio of 18.18 and a beta of 1.41. 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 Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were paid a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, June 23rd. Aecon Group’s dividend payout ratio is -80.53%.
Wall Street Analyst Weigh In
ARE has been the subject of several research analyst reports. Stifel Nicolaus raised Aecon Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$46.00 to C$54.00 in a report on Friday, June 26th. Raymond James Financial upgraded Aecon Group from a “hold” rating to a “moderate buy” rating and lifted their target price for the stock from C$52.00 to C$60.00 in a research report on Friday, July 3rd. TD dropped their price target on Aecon Group from C$62.00 to C$61.00 and set a “buy” rating on the stock in a research report on Friday, June 26th. Royal Bank Of Canada raised their price objective on 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, National Bank Financial lifted 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. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$55.08.
Check Out Our Latest Research Report on Aecon Group
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.
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