196,904 Shares in CECO Environmental Corp. (NASDAQ:CECO) Bought by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP acquired a new position in CECO Environmental Corp. (NASDAQ:CECO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 196,904 shares of the company's stock, valued at approximately $5,952,000. CECO Environmental comprises about 1.4% of Advantage Alpha Capital Partners LP's investment portfolio, making the stock its 21st biggest position. Advantage Alpha Capital Partners LP owned approximately 0.56% of CECO Environmental at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CECO. Vanguard Group Inc. lifted its holdings in CECO Environmental by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 1,648,674 shares of the company's stock worth $49,839,000 after buying an additional 9,023 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of CECO Environmental in the fourth quarter worth approximately $218,000. Sei Investments Co. boosted its holdings in CECO Environmental by 15.9% in the fourth quarter. Sei Investments Co. now owns 110,124 shares of the company's stock valued at $3,329,000 after acquiring an additional 15,104 shares during the last quarter. American Century Companies Inc. increased its position in CECO Environmental by 6.9% during the 4th quarter. American Century Companies Inc. now owns 52,720 shares of the company's stock valued at $1,594,000 after purchasing an additional 3,417 shares during the period. Finally, Intech Investment Management LLC bought a new position in CECO Environmental during the 4th quarter worth approximately $371,000. Institutional investors own 68.08% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Craig Hallum increased their price objective on shares of CECO Environmental from $34.00 to $40.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. HC Wainwright reiterated a "neutral" rating on shares of CECO Environmental in a report on Wednesday, February 26th. Northland Securities boosted their price objective on CECO Environmental from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Friday, December 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $33.00 target price on shares of CECO Environmental in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CECO Environmental presently has an average rating of "Moderate Buy" and an average target price of $36.20.

CECO Environmental Stock Down 3.5 %

Shares of CECO stock traded down $0.86 on Friday, reaching $23.70. 282,590 shares of the company were exchanged, compared to its average volume of 281,020. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12. The company has a 50-day moving average of $25.69 and a 200-day moving average of $27.74. The company has a market cap of $829.26 million, a price-to-earnings ratio of 71.82, a PEG ratio of 1.39 and a beta of 1.43. CECO Environmental Corp. has a one year low of $20.00 and a one year high of $35.16.

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

Insider Transactions at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman bought 1,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $25.15 per share, with a total value of $25,150.00. Following the completion of the transaction, the director now directly owns 207,117 shares in the company, valued at approximately $5,208,992.55. The trade was a 0.49 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 16.90% of the stock is owned by insiders.

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.