Aecon Group (TSE:ARE) Insider Steven Neil Nackan Sells 1,000 Shares of Stock

Aecon Group Inc. (TSE:ARE) insider Steven Neil Nackan sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$47.02, for a total value of C$47,020.00. Following the completion of the sale, the insider directly owned 13,535 shares of the company’s stock, valued at approximately C$636,415.70. This trade represents a 6.88% decrease in their ownership of the stock.

Steven Neil Nackan also recently made the following trade(s):

• On Thursday, August 6th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The stock was sold at an average price of C$47.72, for a total value of C$47,720.00.

Aecon Group Trading Down 0.1%

ARE opened at C$47.23 on Wednesday. The firm has a market cap of C$3.24 billion, a price-to-earnings ratio of -49.72, a price-to-earnings-growth ratio of 18.18 and a beta of 1.41. Aecon Group Inc. has a 52 week low of C$19.81 and a 52 week high of C$57.72. The business’s 50 day moving average is C$47.31 and its two-hundred day moving average is C$44.66. 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 (TSE:ARE) last issued its quarterly earnings data on Thursday, July 30th. The company reported C$0.33 earnings per share for the quarter. The company had revenue of C$1.63 billion during the quarter. Aecon Group had a negative return on equity of 6.76% and a negative net margin of 1.10%. On average, research analysts predict that Aecon Group Inc. will post 1.3793321 EPS for the current year.

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were given a $0.1925 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.77 annualized dividend and a yield of 1.6%. Aecon Group’s dividend payout ratio is -80.53%.

Analyst Ratings Changes

ARE has been the topic of several research reports. Raymond James Financial raised shares of Aecon Group from a “hold” rating to a “moderate buy” rating and raised their price objective for the stock from C$52.00 to C$60.00 in a research report on Friday, July 3rd. Canaccord Genuity Group upped their target price on shares of Aecon Group from C$56.00 to C$57.00 and gave the company a “buy” rating in a report on Monday, June 29th. Royal Bank Of Canada increased 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 note on Thursday, April 30th. ATB Cormark Capital Markets raised their price target on Aecon Group from C$42.00 to C$49.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Finally, National Bank Financial raised their price target 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. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.