IQ EQ FUND MANAGEMENT IRELAND Ltd Has $660,000 Stock Holdings in CECO Environmental Corp. (NASDAQ:CECO)

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its position in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 69.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,849 shares of the company's stock after selling 48,524 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.06% of CECO Environmental worth $660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CECO. Vanguard Group Inc. grew its holdings in shares of CECO Environmental by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 1,648,674 shares of the company's stock valued at $49,839,000 after purchasing an additional 9,023 shares during the last quarter. King Luther Capital Management Corp boosted its position in CECO Environmental by 2.3% in the fourth quarter. King Luther Capital Management Corp now owns 1,033,789 shares of the company's stock valued at $31,251,000 after buying an additional 23,239 shares in the last quarter. Royce & Associates LP grew its stake in shares of CECO Environmental by 27.2% during the fourth quarter. Royce & Associates LP now owns 915,212 shares of the company's stock worth $27,667,000 after buying an additional 195,425 shares during the last quarter. FMR LLC increased its holdings in shares of CECO Environmental by 23.5% during the third quarter. FMR LLC now owns 786,308 shares of the company's stock worth $22,174,000 after buying an additional 149,777 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of CECO Environmental by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 689,487 shares of the company's stock valued at $19,448,000 after acquiring an additional 11,857 shares during the last quarter. 68.08% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

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

Insider Buying and Selling

In other CECO Environmental news, Director Richard F. Wallman bought 1,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $25.15 per share, for a total transaction of $25,150.00. Following the transaction, the director now directly owns 207,117 shares in the company, valued at approximately $5,208,992.55. This trade represents a 0.49 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Peter K. Johansson sold 5,601 shares of the firm's stock in a transaction that occurred 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 directly owns 84,660 shares of the company's stock, valued at $2,044,539. This represents a 6.21 % decrease in their position. The disclosure for this sale can be found here. 16.90% of the stock is owned by insiders.

CECO Environmental Trading Down 4.5 %

Shares of CECO traded down $1.04 during mid-day trading on Wednesday, reaching $22.05. 105,049 shares of the company were exchanged, compared to its average volume of 292,278. The business has a 50 day simple moving average of $25.40 and a two-hundred day simple moving average of $27.69. 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 capitalization of $771.42 million, a PE ratio of 67.00, a PEG ratio of 1.39 and a beta of 1.43. CECO Environmental Corp. has a 52 week low of $20.00 and a 52 week high of $35.16.

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