Aecon Group (TSE:ARE) Director Eric Stuart Rosenfeld Sells 125,000 Shares

Aecon Group Inc. (TSE:ARE) Director Eric Stuart Rosenfeld sold 125,000 shares of the company’s stock in a transaction dated 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 transaction, the director owned 184,200 shares in the company, valued at C$7,670,088. This represents a 40.43% decrease in their position.

Aecon Group Price Performance

ARE opened at C$42.76 on Tuesday. The company has a debt-to-equity ratio of 65.17, a quick ratio of 1.27 and a current ratio of 1.10. The stock has a market capitalization of C$2.93 billion, a P/E ratio of 185.91, a P/E/G ratio of 18.18 and a beta of 0.97. The company’s 50-day simple moving average is C$39.05 and its two-hundred day simple moving average is C$32.27. Aecon Group Inc. has a 52-week low of C$15.21 and a 52-week high of C$44.71.

Aecon Group (TSE:ARE) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$0.52 earnings per share for the quarter. The firm had revenue of C$1.54 billion for the quarter. Aecon Group had a net margin of 0.28% and a return on equity of 1.66%. As a group, analysts predict that Aecon Group Inc. will post 1.3793321 EPS for the current year.

Aecon Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were issued a $0.1925 dividend. This represents a $0.77 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, March 23rd. Aecon Group’s dividend payout ratio is currently 330.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Aecon Group from C$30.00 to C$41.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 10th. Canaccord Genuity Group increased their target price on shares of Aecon Group from C$40.00 to C$52.00 and gave the stock a “buy” rating in a report on Monday, March 9th. BMO Capital Markets increased their target price on shares of Aecon Group from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a report on Monday, March 30th. ATB Cormark Capital Markets increased their target price on shares of Aecon Group from C$39.00 to C$42.00 and gave the stock a “sector perform” rating in a report on Monday, March 30th. Finally, Desjardins increased their price objective on shares of Aecon Group from C$43.00 to C$45.00 and gave the company a “hold” rating in a report on Monday, March 30th. Four investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$43.58.

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.