Calamos Advisors LLC Buys 24,314 Shares of CECO Environmental Corp. (NASDAQ:CECO)

Calamos Advisors LLC boosted its stake in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 27.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,075 shares of the company's stock after purchasing an additional 24,314 shares during the quarter. Calamos Advisors LLC owned 0.32% of CECO Environmental worth $3,388,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. First Horizon Advisors Inc. raised its stake 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 buying an additional 591 shares in the last quarter. Quest Partners LLC acquired a new position in shares of CECO Environmental in the 3rd quarter valued at $69,000. Heck Capital Advisors LLC acquired a new position in shares of CECO Environmental in the 4th quarter valued at $74,000. Morse Asset Management Inc acquired a new position in shares of CECO Environmental in the 3rd quarter valued at $76,000. Finally, Eastern Bank acquired a new position in shares of CECO Environmental in the 3rd quarter valued at $113,000. 68.08% of the stock is currently owned by institutional investors and hedge funds.

CECO Environmental Trading Down 3.6 %

CECO Environmental stock traded down $1.03 during midday trading on Friday, hitting $27.44. 207,620 shares of the stock were exchanged, compared to its average volume of 322,316. The company has a fifty day simple moving average of $30.57 and a two-hundred day simple moving average of $28.60. CECO Environmental Corp. has a 52 week low of $18.50 and a 52 week high of $35.16. The stock has a market capitalization of $959.85 million, a PE ratio of 83.15, a P/E/G ratio of 1.64 and a beta of 1.41. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50.

Analyst Ratings Changes

A number of brokerages recently issued reports on CECO. Needham & Company LLC dropped their target price on shares of CECO Environmental from $35.00 to $33.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. 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 report on Monday, January 6th. Northland Securities increased their price objective 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. Finally, HC Wainwright lowered shares of CECO Environmental from a "buy" rating to a "neutral" rating in a report on Friday, January 17th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average 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.