Shares of CECO Environmental Corp. (NASDAQ:CECE) have been assigned an average rating of “Buy” from the six brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $8.92.
A number of research firms have recently commented on CECE. Roth Capital set a $8.00 price objective on shares of CECO Environmental and gave the company a “hold” rating in a research note on Thursday, August 9th. BidaskClub upgraded CECO Environmental from a “sell” rating to a “hold” rating in a report on Thursday, November 8th. Zacks Investment Research upgraded CECO Environmental from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a report on Monday, November 12th. ValuEngine upgraded CECO Environmental from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 8th. Finally, Needham & Company LLC boosted their target price on CECO Environmental from $7.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 9th.
NASDAQ CECE opened at $8.31 on Friday. CECO Environmental has a 12 month low of $4.00 and a 12 month high of $9.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.53 and a quick ratio of 1.33. The stock has a market cap of $281.00 million, a PE ratio of 30.78, a P/E/G ratio of 1.85 and a beta of 0.92.
In other news, Director David B. Liner bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was acquired at an average price of $7.86 per share, for a total transaction of $39,300.00. Following the acquisition, the director now owns 37,860 shares of the company’s stock, valued at $297,579.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 13.44% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CECE. Putnam Investments LLC boosted its holdings in CECO Environmental by 237.2% in the 2nd quarter. Putnam Investments LLC now owns 470,112 shares of the industrial products company’s stock worth $2,886,000 after acquiring an additional 330,700 shares during the period. K2 Principal Fund L.P. boosted its holdings in CECO Environmental by 199.6% in the 2nd quarter. K2 Principal Fund L.P. now owns 358,074 shares of the industrial products company’s stock worth $2,199,000 after acquiring an additional 238,550 shares during the period. Dimensional Fund Advisors LP boosted its holdings in CECO Environmental by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,190,438 shares of the industrial products company’s stock worth $13,449,000 after acquiring an additional 150,978 shares during the period. Trigran Investments Inc. boosted its holdings in CECO Environmental by 1.8% in the 2nd quarter. Trigran Investments Inc. now owns 4,364,505 shares of the industrial products company’s stock worth $26,798,000 after acquiring an additional 76,999 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in CECO Environmental by 124.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 80,756 shares of the industrial products company’s stock worth $496,000 after acquiring an additional 44,700 shares during the period. Hedge funds and other institutional investors own 65.07% of the company’s stock.
About CECO Environmental
CECO Environmental Corp. provides critical solutions to the environmental, energy, and fluid handling and filtration industries worldwide. The company operates through three segments: Energy, Environmental, and Fluid Handling and Filtration. The Energy segment offers gas turbine exhaust systems, dampers and diverters, gas and liquid separation and filtration equipment, selective catalytic reduction and selective non-catalytic reduction systems, acoustical components and silencers, secondary separators, and expansion joints for the power and petrochemical industries.
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