Aecon Group (TSE:ARE) Director Sells C$995,400.00 in Stock
by Jessica Moore · The Cerbat GemAecon Group Inc. (TSE:ARE – Get Free Report) Director John Michael Beck sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of C$49.77, for a total transaction of C$995,400.00. Following the completion of the transaction, the director owned 201,417 shares in the company, valued at approximately C$10,024,524.09. This represents a 9.03% decrease in their position.
Aecon Group Price Performance
Aecon Group stock opened at C$50.73 on Monday. The firm has a market cap of C$3.47 billion, a PE ratio of 92.24, a P/E/G ratio of 18.18 and a beta of 1.16. The company has a debt-to-equity ratio of 42.80, a quick ratio of 1.27 and a current ratio of 1.16. The firm’s 50 day moving average price is C$45.46 and its two-hundred day moving average price is C$36.87. Aecon Group Inc. has a twelve month low of C$17.06 and a twelve month high of C$57.72.
Aecon Group (TSE:ARE – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported C($0.21) earnings per share for the quarter. Aecon Group had a net margin of 0.62% and a return on equity of 3.71%. The company had revenue of C$1.26 billion during the quarter. On average, research analysts predict that Aecon Group Inc. will post 1.3793321 EPS for the current fiscal year.
Aecon Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd were paid a dividend of $0.1925 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.77 annualized dividend and a dividend yield of 1.5%. Aecon Group’s dividend payout ratio is 138.64%.
Wall Street Analysts Forecast Growth
ARE has been the topic of several analyst reports. TD Securities increased their price target on shares of Aecon Group from C$47.00 to C$49.00 and gave the stock a “buy” rating in a research note on Monday, March 30th. Stifel Nicolaus dropped their price target on shares of Aecon Group from C$46.00 to C$44.50 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Canadian Imperial Bank of Commerce increased their price target on shares of Aecon Group from C$45.00 to C$48.00 in a research note on Thursday, April 9th. ATB Cormark Capital Markets increased their price target on shares of Aecon Group from C$42.00 to C$49.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group increased their price target on shares of Aecon Group from C$49.00 to C$59.00 in a research note on Monday, April 27th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$52.29.
Get Our Latest Research Report on Aecon Group
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.