Aecon Group (TSE:ARE) Director John Michael Beck Sells 20,000 Shares of Stock

Aecon Group Inc. (TSE:ARE) Director John Michael Beck sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of C$49.77, for a total value of C$995,400.00. Following the sale, the director directly owned 201,417 shares of the company’s stock, valued at C$10,024,524.09. This represents a 9.03% decrease in their position.

Aecon Group Stock Up 1.9%

TSE ARE traded up C$0.96 on Friday, hitting C$50.73. 569,927 shares of the company were exchanged, compared to its average volume of 500,208. The company has a current ratio of 1.16, a quick ratio of 1.27 and a debt-to-equity ratio of 42.80. The company has a market cap of C$3.47 billion, a PE ratio of 92.24, a PEG ratio of 18.18 and a beta of 1.16. The stock has a fifty day moving average of C$45.46 and a 200-day moving average of C$36.80. Aecon Group Inc. has a 12 month low of C$17.06 and a 12 month high of C$57.72.

Aecon Group (TSE:ARE) last issued its earnings results on Tuesday, April 28th. The company reported C($0.21) EPS for the quarter. The firm had revenue of C$1.26 billion during the quarter. Aecon Group had a net margin of 0.62% and a return on equity of 3.71%. As a group, analysts forecast that Aecon Group Inc. will post 1.3793321 earnings per share for the current year.

Aecon Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were given a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, March 23rd. Aecon Group’s dividend payout ratio is presently 138.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ARE shares. BMO Capital Markets lifted their target price on shares of Aecon Group from C$45.00 to C$49.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. TD increased their price target on Aecon Group from C$49.00 to C$59.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Canaccord Genuity Group lifted their price target on Aecon Group from C$52.00 to C$56.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. TD Securities boosted their price objective on Aecon Group from C$47.00 to C$49.00 and gave the stock a “buy” rating in a research report on Monday, March 30th. Finally, ATB Cormark Capital Markets upped their price objective on 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. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Aecon Group currently has a consensus rating of “Hold” and an average target price of C$52.29.

About Aecon Group

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.