Foundry Partners LLC raised its holdings in CECO Environmental Corp. (NASDAQ:CECE) by 5.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 683,550 shares of the industrial products company’s stock after purchasing an additional 35,500 shares during the quarter. Foundry Partners LLC owned 1.98% of CECO Environmental Corp. worth $5,783,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in CECE. Tudor Investment Corp ET AL purchased a new stake in CECO Environmental Corp. in the 2nd quarter valued at approximately $101,000. SG Americas Securities LLC purchased a new stake in CECO Environmental Corp. in the 1st quarter valued at approximately $112,000. Gotham Asset Management LLC purchased a new stake in CECO Environmental Corp. in the 1st quarter valued at approximately $135,000. Voya Investment Management LLC boosted its holdings in CECO Environmental Corp. by 23.2% in the 2nd quarter. Voya Investment Management LLC now owns 15,660 shares of the industrial products company’s stock valued at $144,000 after purchasing an additional 2,947 shares in the last quarter. Finally, KCG Holdings Inc. purchased a new stake in CECO Environmental Corp. in the 1st quarter valued at approximately $151,000. 67.77% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on CECE. Zacks Investment Research raised CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine raised CECO Environmental Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. William Blair lowered CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, August 11th. Finally, BidaskClub lowered CECO Environmental Corp. from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.33.
In other CECO Environmental Corp. news, Director Jason Dezwirek acquired 25,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average price of $7.27 per share, with a total value of $181,750.00. Following the completion of the acquisition, the director now owns 1,410,616 shares of the company’s stock, valued at $10,255,178.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Pollack acquired 6,800 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average cost of $7.31 per share, with a total value of $49,708.00. Following the acquisition, the director now directly owns 26,146 shares of the company’s stock, valued at approximately $191,127.26. The disclosure for this purchase can be found here. Corporate insiders own 14.30% of the company’s stock.
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Shares of CECO Environmental Corp. (NASDAQ:CECE) opened at $8.56 on Monday. CECO Environmental Corp. has a 52 week low of $6.94 and a 52 week high of $14.88. The company has a market capitalization of $296.52, a P/E ratio of 9.84, a PEG ratio of 0.94 and a beta of 1.46. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.33 and a current ratio of 1.51.
CECO Environmental Corp. (NASDAQ:CECE) last announced its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.11). CECO Environmental Corp. had a negative net margin of 10.27% and a positive return on equity of 14.60%. The company had revenue of $93.90 million for the quarter, compared to the consensus estimate of $99.09 million. During the same quarter in the prior year, the company earned $0.21 earnings per share. The company’s quarterly revenue was down 16.4% on a year-over-year basis. research analysts expect that CECO Environmental Corp. will post 0.61 earnings per share for the current fiscal year.
CECO Environmental Corp. Profile
CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems.
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