Aecon Group (TSE:ARE) Insider Sells C$153,268.30 in Stock

Aecon Group Inc. (TSE:ARE) insider Timothy John Murphy sold 2,930 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$52.31, for a total value of C$153,268.30. Following the completion of the transaction, the insider owned 4,801 shares of the company’s stock, valued at C$251,140.31. The trade was a 37.90% decrease in their ownership of the stock.

Aecon Group Price Performance

ARE opened at C$50.73 on Friday. Aecon Group Inc. has a 12-month low of C$17.06 and a 12-month high of C$57.72. The stock has a market capitalization of C$3.47 billion, a P/E ratio of 92.24, a PEG ratio of 18.18 and a beta of 1.16. The stock has a 50-day moving average price of C$45.46 and a 200-day moving average price of C$36.80. The company has a current ratio of 1.16, a quick ratio of 1.27 and a debt-to-equity ratio of 42.80.

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

Aecon Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Raymond James Financial increased their price target on shares of Aecon Group from C$44.00 to C$54.00 in a research report on Wednesday, April 29th. ATB Cormark Capital Markets increased their price target on shares of Aecon Group from C$42.00 to C$49.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. BMO Capital Markets increased their price target on shares of Aecon Group from C$45.00 to C$49.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Royal Bank Of Canada raised their target price 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. Finally, Canaccord Genuity Group raised their target price on shares of Aecon Group from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$52.29.

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.