Barclays PLC Acquires 34,027 Shares of CECO Environmental Corp. (NASDAQ:CECO)

Barclays PLC grew its stake in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 115.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,615 shares of the company's stock after acquiring an additional 34,027 shares during the quarter. Barclays PLC owned 0.18% of CECO Environmental worth $1,795,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CECO. SG Americas Securities LLC raised its holdings in CECO Environmental by 46.0% in the 3rd quarter. SG Americas Securities LLC now owns 10,175 shares of the company's stock worth $287,000 after acquiring an additional 3,206 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of CECO Environmental by 65.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 484,518 shares of the company's stock valued at $13,663,000 after purchasing an additional 191,286 shares in the last quarter. Eastern Bank purchased a new stake in shares of CECO Environmental during the third quarter valued at $113,000. Private Advisor Group LLC increased its holdings in CECO Environmental by 5.8% in the 3rd quarter. Private Advisor Group LLC now owns 16,065 shares of the company's stock worth $453,000 after buying an additional 885 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of CECO Environmental by 466.4% during the 3rd quarter. Van ECK Associates Corp now owns 379,877 shares of the company's stock valued at $10,082,000 after acquiring an additional 312,803 shares during the last quarter. 68.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CECO shares. Northland Securities lifted their target price on shares of CECO Environmental from $35.00 to $38.00 and gave the stock an "outperform" rating in a research report on Friday, December 20th. HC Wainwright cut shares of CECO Environmental from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. Craig Hallum boosted their target price on shares of CECO Environmental from $34.00 to $40.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Finally, Needham & Company LLC reduced their target price on shares of CECO Environmental from $35.00 to $33.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, CECO Environmental presently has an average rating of "Moderate Buy" and an average price target of $36.20.

CECO Environmental Stock Performance

NASDAQ CECO traded up $0.69 on Tuesday, reaching $24.96. 51,485 shares of the stock were exchanged, compared to its average volume of 286,058. The firm has a market capitalization of $873.10 million, a PE ratio of 76.08, a PEG ratio of 1.64 and a beta of 1.41. CECO Environmental Corp. has a one year low of $18.50 and a one year high of $35.16. The company's 50-day simple moving average is $29.73 and its two-hundred day simple moving average is $28.43. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50.

About CECO Environmental

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.