CECO Environmental Corp. (NASDAQ:CECO) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P grew its holdings in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 445,352 shares of the company's stock after purchasing an additional 61,156 shares during the period. Loomis Sayles & Co. L P owned approximately 1.27% of CECO Environmental worth $13,463,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Quest Partners LLC acquired a new position in CECO Environmental during the third quarter worth $69,000. Heck Capital Advisors LLC purchased a new stake in CECO Environmental during the fourth quarter worth about $74,000. Morse Asset Management Inc acquired a new stake in shares of CECO Environmental during the third quarter worth about $76,000. Jones Financial Companies Lllp grew its holdings in shares of CECO Environmental by 127.0% in the fourth quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company's stock valued at $90,000 after purchasing an additional 1,658 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in CECO Environmental during the 4th quarter worth approximately $218,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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Insider Activity at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman purchased 1,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $25.15 per share, with a total value of $25,150.00. Following the purchase, the director now owns 207,117 shares in the company, valued at approximately $5,208,992.55. This represents a 0.49 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Peter K. Johansson sold 5,601 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $24.15, for a total value of $135,264.15. Following the sale, the insider now owns 84,660 shares of the company's stock, valued at approximately $2,044,539. The trade was a 6.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.90% of the company's stock.

CECO Environmental Price Performance

NASDAQ CECO traded down $1.04 during trading hours on Wednesday, reaching $22.05. The company's stock had a trading volume of 105,049 shares, compared to its average volume of 292,278. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.30. The stock has a market cap of $771.42 million, a PE ratio of 67.00, a PEG ratio of 1.39 and a beta of 1.43. The company's 50-day moving average is $25.40 and its two-hundred day moving average is $27.69. CECO Environmental Corp. has a fifty-two week low of $20.00 and a fifty-two week high of $35.16.

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

CECO Environmental Company 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.