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

Aecon Group Inc. (TSE:ARE) insider Steven Neil Nackan sold 1,000 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of C$44.16, for a total transaction of C$44,160.00. Following the completion of the transaction, the insider owned 12,535 shares of the company’s stock, valued at approximately C$553,545.60. This trade represents a 7.39% decrease in their position.

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

• On Tuesday, August 18th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The shares were sold at an average price of C$47.02, for a total value of C$47,020.00.
• 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 Price Performance

Shares of TSE ARE opened at C$43.96 on Thursday. The company has a debt-to-equity ratio of 84.23, a current ratio of 1.08 and a quick ratio of 1.27. The company has a market cap of C$3.01 billion, a price-to-earnings ratio of -46.27, a price-to-earnings-growth ratio of 18.18 and a beta of 1.41. The stock’s 50-day moving average is C$47.39 and its two-hundred day moving average is C$45.03. Aecon Group Inc. has a 1-year low of C$19.81 and a 1-year high of C$57.72.

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

Aecon Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were issued a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, June 23rd. Aecon Group’s dividend payout ratio (DPR) is presently -80.53%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ARE. TD dropped their target price on Aecon Group from C$62.00 to C$61.00 and set a “buy” rating on the stock in a report on Friday, June 26th. National Bank Financial upped their price objective on Aecon Group from C$59.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Royal Bank Of Canada increased their price objective on Aecon Group from C$44.00 to C$49.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Stifel Nicolaus raised Aecon Group from a “hold” rating to a “buy” rating and upped their price target for the company from C$46.00 to C$54.00 in a report on Friday, June 26th. Finally, BMO Capital Markets raised their price objective on shares of Aecon Group from C$45.00 to C$49.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$55.08.

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.