Aecon Group Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

TSX:ARE Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
03 Sep 25	BuyCA$99,986	Scott Stewart	Individual	4,875	CA$20.51
19 Aug 25	BuyCA$1,388,382	John Beck	Individual	69,072	CA$20.10
06 Aug 25	BuyCA$118,320	Stuart Lee	Individual	6,000	CA$19.72
13 Jun 25	BuyCA$48,095	Susan Jenah	Individual	2,500	CA$19.24
10 Jun 25	BuyCA$122,747	Leslie Kass	Individual	6,325	CA$19.41
04 Jun 25	BuyCA$94,500	Deborah Stein	Individual	5,000	CA$18.90
03 Jun 25	BuyCA$201,705	Scott Thon	Individual	10,500	CA$19.21
28 Apr 25	BuyCA$1,180,642	Crescendo Advisors II, LLC	Company	75,000	CA$15.74
28 Apr 25	BuyCA$61,206	Jerome Julier	Individual	3,871	CA$15.81
28 Apr 25	BuyCA$157,402	John Beck	Individual	10,000	CA$15.74
10 Mar 25	BuyCA$104,595	Stuart Lee	Individual	5,700	CA$18.35
10 Mar 25	BuyCA$18,391	Adam Borgatti	Individual	1,000	CA$18.39
10 Mar 25	BuyCA$24,904	Jerome Julier	Individual	1,330	CA$18.73
28 Nov 24	SellCA$567,765	Eric MacDonald	Individual	19,879	CA$29.00
19 Nov 24	SellCA$1,724,149	Crescendo Advisors II, LLC	Company	60,000	CA$29.12

Insider Trading Volume

Insider Buying: ARE insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of ARE?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	381,071	0.598%
Institutions	10,725,324	16.8%
General Public	52,663,330	82.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 16.87% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
5.29%	Mirae Asset Global Investments Co., Ltd.	3,374,108	CA$78.2m	0%	0.04%
3.93%	Dimensional Fund Advisors LP	2,505,470	CA$58.1m	2.23%	0.01%
1.72%	BlackRock, Inc.	1,097,230	CA$25.4m	2.77%	no data
0.67%	Mackenzie Financial Corporation	429,652	CA$10.0m	0%	0.01%
0.67%	Invesco Ltd.	429,549	CA$10.0m	0%	no data
0.48%	Crescendo Advisors II, LLC	309,200	CA$7.2m	32%	100.0%
0.43%	Exchange Traded Concepts, LLC	272,847	CA$6.3m	28.2%	0.05%
0.35%	BMO Asset Management Corp.	225,905	CA$5.2m	3.71%	no data
0.32%	PenderFund Capital Management Ltd.	204,720	CA$4.7m	0%	0.7%
0.29%	TD Asset Management, Inc.	182,241	CA$4.2m	8.14%	no data
0.27%	Jupiter Fund Management Plc	170,460	CA$3.9m	0%	0.01%
0.26%	CIBC Asset Management Inc.	168,012	CA$3.9m	-8.35%	no data
0.25%	John Beck	158,144	CA$3.7m	691%	no data
0.24%	Swiss Life Asset Management AG	154,450	CA$3.6m	0%	0.23%
0.24%	UBS Asset Management AG	150,645	CA$3.5m	0%	no data
0.22%	Charles Schwab Investment Management, Inc.	138,673	CA$3.2m	-2.17%	no data
0.21%	Guardian Capital LP	131,137	CA$3.0m	-33.1%	0.04%
0.17%	American Century Investment Management Inc	109,818	CA$2.5m	0.01%	no data
0.17%	SEI Investments Management Corporation	109,773	CA$2.5m	0%	no data
0.15%	Tredje AP-fonden	95,110	CA$2.2m	0%	0.01%
0.13%	DWS Investment Management Americas, Inc.	85,454	CA$2.0m	0%	0.01%
0.11%	Industrielle Alliance, Gestion de placements inc.	72,742	CA$1.7m	0%	0.01%
0.11%	Allianz Asset Management GmbH	70,898	CA$1.6m	0%	no data
0.093%	State Street Global Advisors, Inc.	59,286	CA$1.4m	1.21%	no data
0.085%	Arrow Capital Management Inc.	54,500	CA$1.3m	0%	0.28%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/09/23 18:51
End of Day Share Price	2025/09/23 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Aecon Group Inc. is covered by 22 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Christopher Murray	ATB Capital Markets
Gareth Tingling	Beacon Securities Limited
null null	BMO Capital Markets Equity Research