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

Barclays PLC lifted its holdings in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 115.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 63,615 shares of the company's stock after acquiring an additional 34,027 shares during the quarter. Barclays PLC owned approximately 0.18% of CECO Environmental worth $1,795,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CECO. Essex Investment Management Co. LLC raised its position in shares of CECO Environmental by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 208,426 shares of the company's stock valued at $5,878,000 after buying an additional 562 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of CECO Environmental by 71.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,416 shares of the company's stock valued at $40,000 after purchasing an additional 591 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of CECO Environmental by 5.8% in the 3rd quarter. Private Advisor Group LLC now owns 16,065 shares of the company's stock valued at $453,000 after purchasing an additional 885 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of CECO Environmental by 14.8% during the 2nd quarter. Principal Financial Group Inc. now owns 18,916 shares of the company's stock worth $546,000 after buying an additional 2,439 shares in the last quarter. Finally, Quest Partners LLC acquired a new stake in CECO Environmental in the third quarter valued at about $69,000. 68.08% of the stock is owned by institutional investors and hedge funds.

CECO Environmental Trading Down 0.2 %

Shares of NASDAQ:CECO traded down $0.07 during mid-day trading on Friday, reaching $29.47. 132,893 shares of the company's stock were exchanged, compared to its average volume of 271,156. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 89.31, a PEG ratio of 2.92 and a beta of 1.41. CECO Environmental Corp. has a twelve month low of $18.50 and a twelve month high of $35.16. The business's fifty day moving average price is $28.82 and its 200-day moving average price is $28.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.30.

CECO Environmental (NASDAQ:CECO - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). The company had revenue of $135.50 million during the quarter, compared to analyst estimates of $155.94 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The company's quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 EPS. On average, research analysts predict that CECO Environmental Corp. will post 0.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CECO shares. Northland Securities increased their target price on shares of CECO Environmental from $35.00 to $38.00 and gave the stock an "outperform" rating in a report on Friday, December 20th. HC Wainwright reissued a "buy" rating and issued a $35.00 price objective on shares of CECO Environmental in a research note on Wednesday, October 30th. Finally, Needham & Company LLC reduced their price objective on CECO Environmental from $35.00 to $33.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $35.00.

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.