CECO Environmental Corp. (NASDAQ:CECO) Shares Purchased by Voya Investment Management LLC

Voya Investment Management LLC grew its position in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 6,409.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 645,853 shares of the company's stock after buying an additional 635,931 shares during the period. Voya Investment Management LLC owned about 1.85% of CECO Environmental worth $19,524,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in CECO Environmental during the fourth quarter worth $74,000. Morse Asset Management Inc acquired a new stake in shares of CECO Environmental during the third quarter worth $76,000. Jones Financial Companies Lllp raised its holdings in shares of CECO Environmental by 127.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company's stock worth $90,000 after purchasing an additional 1,658 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of CECO Environmental in the 4th quarter worth about $218,000. Finally, Bard Associates Inc. acquired a new position in shares of CECO Environmental in the 4th quarter valued at about $251,000. Institutional investors and hedge funds own 68.08% of the company's stock.

CECO Environmental Stock Up 2.7 %

CECO opened at $19.93 on Friday. The stock's 50 day moving average price is $22.27 and its 200 day moving average price is $26.55. 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 stock has a market cap of $701.87 million, a P/E ratio of 60.40, a P/E/G ratio of 1.39 and a beta of 1.30. CECO Environmental Corp. has a 12 month low of $17.57 and a 12 month high of $35.16.

CECO Environmental (NASDAQ:CECO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.05. The company 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%. The company's quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. As a group, research analysts predict that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. HC Wainwright reissued a "neutral" rating on shares of CECO Environmental in a report on Wednesday, February 26th. Craig Hallum boosted their price objective on 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 reiterated a "buy" rating and issued a $33.00 target price on shares of CECO Environmental in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.20.

Insider Activity

In other CECO Environmental news, Director Richard F. Wallman purchased 1,000 shares of the business's stock in a transaction on 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 acquisition, the director now owns 207,117 shares of the company's stock, valued at $5,208,992.55. The trade was a 0.49 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Peter K. Johansson sold 5,601 shares of CECO Environmental stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $24.15, for a total transaction of $135,264.15. Following the completion of the transaction, the insider now directly owns 84,660 shares in the company, valued at $2,044,539. This represents a 6.21 % decrease in their position. The disclosure for this sale can be found here. Insiders own 16.90% of the company's stock.

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.

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