12,275 Shares in CECO Environmental Corp. (NASDAQ:CECO) Bought by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 12,275 shares of the company's stock, valued at approximately $371,000.

A number of other institutional investors have also recently bought and sold shares of the stock. HighTower Advisors LLC lifted its position in shares of CECO Environmental by 25.4% in the third quarter. HighTower Advisors LLC now owns 17,669 shares of the company's stock worth $501,000 after purchasing an additional 3,581 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in CECO Environmental by 185.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 235,497 shares of the company's stock valued at $6,641,000 after purchasing an additional 152,893 shares during the last quarter. Barclays PLC grew its holdings in CECO Environmental by 115.0% during the third quarter. Barclays PLC now owns 63,615 shares of the company's stock worth $1,795,000 after purchasing an additional 34,027 shares during the period. Geode Capital Management LLC increased its position in CECO Environmental by 1.7% during the third quarter. Geode Capital Management LLC now owns 689,487 shares of the company's stock worth $19,448,000 after buying an additional 11,857 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in CECO Environmental by 41.6% in the fourth quarter. Van ECK Associates Corp now owns 538,092 shares of the company's stock valued at $16,267,000 after buying an additional 158,215 shares during the period. Institutional investors own 68.08% of the company's stock.

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CECO Environmental Price Performance

CECO Environmental stock traded down $0.86 during midday trading on Friday, reaching $23.70. The company's stock had a trading volume of 282,590 shares, compared to its average volume of 281,020. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50. The stock has a market cap of $829.26 million, a PE ratio of 71.82, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. CECO Environmental Corp. has a 52 week low of $20.00 and a 52 week high of $35.16. The business has a 50-day moving average price of $25.69 and a 200-day moving average price of $27.75.

CECO Environmental (NASDAQ:CECO - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.05. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The business had revenue of $158.60 million during the quarter, compared to analysts' expectations of $156.09 million. During the same period in the prior year, the company earned $0.28 EPS. The firm's quarterly revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts predict that CECO Environmental Corp. will post 0.67 EPS for the current year.

Insider Activity at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman purchased 1,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of $25.15 per share, for a total transaction of $25,150.00. Following the completion of the acquisition, the director now owns 207,117 shares in the company, valued at approximately $5,208,992.55. This trade represents a 0.49 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC restated a "buy" rating and set a $33.00 price objective on shares of CECO Environmental in a report on Wednesday, February 26th. Craig Hallum upped their price objective on CECO Environmental from $34.00 to $40.00 and gave the company a "buy" rating in a report on Monday, January 6th. HC Wainwright reissued a "neutral" rating on shares of CECO Environmental in a report on Wednesday, February 26th. Finally, Northland Securities boosted their target price on shares of CECO Environmental from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, CECO Environmental currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.20.

CECO Environmental Profile

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.