Aecon Group Inc. (TSE:ARE) Senior Officer Acquires C$55,299.17 in Stock

Aecon Group Inc. (TSE:ARE) Senior Officer Adam Robert Borgatti bought 4,231 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was bought at an average cost of C$13.07 per share, with a total value of C$55,299.17.

Aecon Group Stock Performance

Shares of ARE stock opened at C$16.94 on Thursday. The business has a 50 day simple moving average of C$14.90 and a 200 day simple moving average of C$12.70. The company has a debt-to-equity ratio of 39.29, a current ratio of 1.42 and a quick ratio of 1.27. The firm has a market capitalization of C$1.05 billion, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. Aecon Group Inc. has a 12-month low of C$8.42 and a 12-month high of C$17.29.

Aecon Group (TSE:ARE) last released its quarterly earnings results on Tuesday, March 5th. The company reported C$0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.17 by C($0.02). Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. The business had revenue of C$1.13 billion during the quarter, compared to the consensus estimate of C$1.22 billion. On average, equities research analysts anticipate that Aecon Group Inc. will post 0.7606646 EPS for the current year.

Aecon Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Friday, March 22nd will be paid a $0.19 dividend. This is a positive change from Aecon Group’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Thursday, March 21st. Aecon Group’s dividend payout ratio is currently 36.19%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ARE shares. Royal Bank of Canada boosted their price objective on Aecon Group from C$10.00 to C$13.00 and gave the company a “sector perform” rating in a report on Thursday, March 7th. Canaccord Genuity Group lifted their price objective on shares of Aecon Group from C$14.00 to C$26.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Stifel Nicolaus raised their price target on shares of Aecon Group from C$13.00 to C$16.50 and gave the stock a “hold” rating in a research report on Thursday, March 7th. ATB Capital boosted their price objective on shares of Aecon Group from C$15.25 to C$19.50 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Finally, TD Securities raised their target price on shares of Aecon Group from C$14.00 to C$18.50 and gave the stock a “hold” rating in a report on Friday, March 8th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.09.

About Aecon Group

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.