Russell Investments Group Ltd. Has $4.60 Million Stake in CECO Environmental Corp. (NASDAQ:CECO)

Russell Investments Group Ltd. decreased its holdings in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,004 shares of the company's stock after selling 20,713 shares during the quarter. Russell Investments Group Ltd. owned about 0.43% of CECO Environmental worth $4,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CECO. HighTower Advisors LLC raised its position in shares of CECO Environmental by 25.4% during the 3rd quarter. HighTower Advisors LLC now owns 17,669 shares of the company's stock valued at $501,000 after purchasing an additional 3,581 shares during the period. Barclays PLC increased its stake in CECO Environmental by 115.0% in the 3rd quarter. Barclays PLC now owns 63,615 shares of the company's stock worth $1,795,000 after buying an additional 34,027 shares during the period. Geode Capital Management LLC lifted its holdings 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 worth $19,448,000 after buying an additional 11,857 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of CECO Environmental during the 4th quarter worth $7,334,000. Finally, Van ECK Associates Corp increased its position in CECO Environmental by 41.6% during the 4th quarter. Van ECK Associates Corp now owns 538,092 shares of the company's stock valued at $16,267,000 after buying an additional 158,215 shares in the last quarter. Hedge funds and other institutional investors own 68.08% of the company's stock.

Analyst Upgrades and Downgrades

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

CECO Environmental Stock Performance

CECO stock traded down $0.34 during midday trading on Friday, reaching $19.36. The company had a trading volume of 300,543 shares, compared to its average volume of 288,017. CECO Environmental Corp. has a fifty-two week low of $18.44 and a fifty-two week high of $35.16. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average price of $22.86 and a 200 day moving average price of $26.85. The firm has a market capitalization of $681.80 million, a PE ratio of 58.67, a P/E/G ratio of 1.39 and a beta of 1.30.

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

Insiders Place Their Bets

In other news, Director Richard F. Wallman acquired 1,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $25.15 per share, with a total value of $25,150.00. Following the completion of the acquisition, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter K. Johansson sold 22,500 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $22.80, for a total transaction of $513,000.00. Following the completion of the transaction, the insider now owns 62,160 shares of the company's stock, valued at $1,417,248. This trade represents a 26.58 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.90% of the company's stock.

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.