Wellington Management Group LLP Has $9.38 Million Stock Holdings in CECO Environmental Corp. (NASDAQ:CECO)

Wellington Management Group LLP lowered its stake in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 310,367 shares of the company's stock after selling 39,100 shares during the quarter. Wellington Management Group LLP owned about 0.89% of CECO Environmental worth $9,382,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CECO. Loomis Sayles & Co. L P boosted its position in shares of CECO Environmental by 15.9% during the 4th quarter. Loomis Sayles & Co. L P now owns 445,352 shares of the company's stock valued at $13,463,000 after purchasing an additional 61,156 shares in the last quarter. JPMorgan Chase & Co. grew its position in CECO Environmental by 15.3% in the fourth quarter. JPMorgan Chase & Co. now owns 16,894 shares of the company's stock worth $511,000 after buying an additional 2,236 shares during the last quarter. Cruiser Capital Advisors LLC increased its holdings in shares of CECO Environmental by 9.7% in the fourth quarter. Cruiser Capital Advisors LLC now owns 43,570 shares of the company's stock valued at $1,317,000 after buying an additional 3,868 shares in the last quarter. Advantage Alpha Capital Partners LP acquired a new stake in shares of CECO Environmental during the 4th quarter valued at $5,952,000. Finally, Vanguard Group Inc. boosted its stake 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 worth $49,839,000 after acquiring an additional 9,023 shares in the last quarter. Institutional investors own 68.08% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CECO. Needham & Company LLC reaffirmed a "buy" rating and set a $33.00 target price on shares of CECO Environmental in a report on Wednesday, February 26th. Northland Securities raised their target price 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. HC Wainwright restated a "neutral" rating on shares of CECO Environmental in a report on Wednesday, February 26th. Finally, Craig Hallum raised their price objective 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $36.20.

Insider Buying and Selling

In related news, insider Peter K. Johansson sold 22,500 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $22.80, for a total value of $513,000.00. Following the transaction, the insider now owns 62,160 shares in the company, valued at approximately $1,417,248. This represents a 26.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard F. Wallman bought 1,000 shares of CECO Environmental stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $25.15 per share, with a total value of $25,150.00. Following the completion of the purchase, the director now directly owns 207,117 shares of the company's stock, valued at approximately $5,208,992.55. The trade was a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.90% of the stock is owned by corporate insiders.

CECO Environmental Stock Up 0.6 %

Shares of NASDAQ CECO traded up $0.12 during mid-day trading on Tuesday, reaching $20.68. The company had a trading volume of 22,023 shares, compared to its average volume of 285,735. 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 company has a market capitalization of $723.59 million, a price-to-earnings ratio of 62.67, a PEG ratio of 1.39 and a beta of 1.30. The stock has a fifty day moving average of $23.47 and a two-hundred day moving average of $27.06. CECO Environmental Corp. has a 12-month low of $18.44 and a 12-month high of $35.16.

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

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.