Insider Selling: Aecon Group (TSE:ARE) Insider Sells C$47,720.00 in Stock

Aecon Group Inc. (TSE:ARE) insider Steven Neil Nackan sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of C$47.72, for a total value of C$47,720.00. Following the sale, the insider owned 14,535 shares of the company’s stock, valued at approximately C$693,610.20. This represents a 6.44% decrease in their position.

Aecon Group Price Performance

Shares of TSE:ARE opened at C$46.64 on Monday. 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 Inc. has a twelve month low of C$19.81 and a twelve month high of C$57.72. The stock’s 50 day moving average is C$47.16 and its 200-day moving average is C$44.08. The firm has a market capitalization of C$3.20 billion, a price-to-earnings ratio of -49.09, a PEG ratio of 18.18 and a beta of 1.41.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.33 earnings per share (EPS) for the quarter. The business had revenue of C$1.63 billion during the quarter. Aecon Group had a negative net margin of 1.10% and a negative return on equity of 6.76%. Sell-side analysts forecast that Aecon Group Inc. will post 1.3793321 EPS for the current fiscal year.

Aecon Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Shareholders 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 1.7%. The ex-dividend date of this dividend was Tuesday, June 23rd. Aecon Group’s dividend payout ratio (DPR) is -80.53%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Desjardins upped their target price on shares of Aecon Group from C$55.00 to C$61.00 and gave the stock a “hold” rating in a report on Monday, July 6th. BMO Capital Markets lifted their price target on Aecon Group from C$45.00 to C$49.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. National Bank Financial boosted their price objective on Aecon Group from C$59.00 to C$65.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Raymond James Financial raised Aecon Group from a “hold” rating to a “moderate buy” rating and boosted their price objective for the stock from C$52.00 to C$60.00 in a report on Friday, July 3rd. Finally, TD lowered their price objective on Aecon Group from C$62.00 to C$61.00 and set a “buy” rating for the company in a research note on Friday, June 26th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Aecon Group has a consensus rating of “Moderate Buy” and an average target price of C$55.08.

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.