Aecon Group Inc. (TSE:ARE - Get Free Report) Director Eric Stuart Rosenfeld sold 125,000 shares of the stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of C$41.64, for a total transaction of C$5,205,000.00. Following the sale, the director directly owned 184,200 shares of the company's stock, valued at approximately C$7,670,088. This trade represents a 40.43% decrease in their ownership of the stock.
Aecon Group Trading Up 0.3%
Shares of ARE opened at C$42.76 on Tuesday. The company has a debt-to-equity ratio of 65.17, a current ratio of 1.10 and a quick ratio of 1.27. Aecon Group Inc. has a 1 year low of C$15.21 and a 1 year high of C$44.71. The company has a 50 day simple moving average of C$39.05 and a two-hundred day simple moving average of C$32.27. The firm has a market cap of C$2.93 billion, a P/E ratio of 185.91, a price-to-earnings-growth ratio of 18.18 and a beta of 0.97.
Aecon Group (TSE:ARE - Get Free Report) last announced its quarterly earnings data on Thursday, March 5th. The company reported C$0.52 earnings per share (EPS) for the quarter. The business had revenue of C$1.54 billion during the quarter. Aecon Group had a net margin of 0.28% and a return on equity of 1.66%. On average, equities analysts expect that Aecon Group Inc. will post 1.3793321 earnings per share for the current fiscal year.
Aecon Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd were given a dividend of $0.1925 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, March 23rd. Aecon Group's dividend payout ratio is currently 330.43%.
Wall Street Analyst Weigh In
ARE has been the subject of a number of research reports. Canaccord Genuity Group increased their target price on Aecon Group from C$40.00 to C$52.00 and gave the company a "buy" rating in a research report on Monday, March 9th. BMO Capital Markets increased their target price on Aecon Group from C$40.00 to C$45.00 and gave the company an "outperform" rating in a research report on Monday, March 30th. Royal Bank Of Canada increased their target price on Aecon Group from C$30.00 to C$41.00 and gave the company a "sector perform" rating in a research report on Tuesday, March 10th. Canadian Imperial Bank of Commerce increased their target price on Aecon Group from C$38.75 to C$44.00 and gave the company a "hold" rating in a research report on Tuesday, March 31st. Finally, National Bank Financial increased their target price on Aecon Group from C$35.00 to C$45.00 and gave the company an "outperform" rating in a research report on Monday, March 9th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of C$43.58.
Read Our Latest Stock Report on Aecon Group
Aecon Group Company Profile
(
Get Free Report)
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.
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