State Street Corp Boosts Holdings in CECO Environmental Corp. (CECE)

State Street Corp boosted its position in shares of CECO Environmental Corp. (NASDAQ:CECE) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 490,633 shares of the industrial products company’s stock after buying an additional 43,751 shares during the period. State Street Corp owned 1.42% of CECO Environmental worth $4,507,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Martingale Asset Management L P grew its position in shares of CECO Environmental by 1.1% in the second quarter. Martingale Asset Management L P now owns 115,459 shares of the industrial products company’s stock valued at $1,060,000 after purchasing an additional 1,200 shares in the last quarter. Rhumbline Advisers grew its position in shares of CECO Environmental by 3.6% in the second quarter. Rhumbline Advisers now owns 35,403 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 1,240 shares in the last quarter. American Century Companies Inc. grew its position in shares of CECO Environmental by 1.7% in the second quarter. American Century Companies Inc. now owns 116,459 shares of the industrial products company’s stock valued at $1,069,000 after purchasing an additional 1,952 shares in the last quarter. Voya Investment Management LLC grew its position in shares of CECO Environmental by 23.2% in the second 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, Virginia Retirement Systems ET AL grew its position in shares of CECO Environmental by 6.0% in the second quarter. Virginia Retirement Systems ET AL now owns 85,900 shares of the industrial products company’s stock valued at $789,000 after purchasing an additional 4,900 shares in the last quarter. Institutional investors own 67.49% of the company’s stock.

A number of research firms have recently issued reports on CECE. Zacks Investment Research lowered CECO Environmental from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. ValuEngine lowered CECO Environmental from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. William Blair lowered CECO Environmental from an “outperform” rating to a “market perform” rating in a research report on Friday, August 11th. Roth Capital restated a “neutral” rating on shares of CECO Environmental in a research report on Thursday, November 9th. Finally, TheStreet lowered CECO Environmental from a “c-” rating to a “d+” rating in a research report on Monday, November 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. CECO Environmental presently has an average rating of “Hold” and an average price target of $12.00.

CECO Environmental Corp. (NASDAQ CECE) opened at $4.99 on Thursday. CECO Environmental Corp. has a twelve month low of $4.93 and a twelve month high of $14.88. The company has a market capitalization of $182.56, a P/E ratio of 7.97, a P/E/G ratio of 0.90 and a beta of 1.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 1.38.

CECO Environmental (NASDAQ:CECE) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). CECO Environmental had a negative net margin of 11.47% and a positive return on equity of 11.91%. The business had revenue of $85.00 million during the quarter, compared to analyst estimates of $92.66 million. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s revenue was down 16.3% on a year-over-year basis. equities analysts anticipate that CECO Environmental Corp. will post 0.39 EPS for the current fiscal year.

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CECO Environmental Company 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.

Institutional Ownership by Quarter for CECO Environmental (NASDAQ:CECE)

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