Foundry Partners LLC Has $4.58 Million Position in CECO Environmental Corp. (NASDAQ:CECO)

Foundry Partners LLC increased its stake in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 66.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 151,470 shares of the company's stock after acquiring an additional 60,430 shares during the period. Foundry Partners LLC owned approximately 0.43% of CECO Environmental worth $4,579,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in CECO Environmental during the 4th quarter worth $74,000. Morse Asset Management Inc acquired a new position in CECO Environmental in the third quarter worth about $76,000. Jones Financial Companies Lllp increased its holdings in 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 buying an additional 1,658 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in CECO Environmental during the fourth quarter valued at approximately $218,000. Finally, Bard Associates Inc. acquired a new position in shares of CECO Environmental in the 4th quarter worth approximately $251,000. Hedge funds and other institutional investors own 68.08% of the company's stock.

Wall Street Analyst Weigh In

CECO has been the topic of several research analyst reports. 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 note on Friday, December 20th. HC Wainwright reiterated a "neutral" rating on shares of CECO Environmental in a research note on Wednesday, February 26th. Craig Hallum raised their price target on CECO Environmental from $34.00 to $40.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Finally, Needham & Company LLC restated a "buy" rating and set a $33.00 price objective 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 given a buy rating to the company. Based on data from MarketBeat, CECO Environmental currently has a consensus rating of "Moderate Buy" and a consensus price target of $36.20.

Insider Transactions at CECO Environmental

In other CECO Environmental news, insider Peter K. Johansson sold 5,601 shares of CECO Environmental stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $24.15, for a total value of $135,264.15. Following the completion of the sale, the insider now directly owns 84,660 shares in the company, valued at $2,044,539. The trade was a 6.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard F. Wallman purchased 1,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $25.15 per share, for a total transaction of $25,150.00. Following the purchase, the director now owns 207,117 shares in the company, valued at $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 currently owned by insiders.

CECO Environmental Stock Performance

CECO Environmental stock traded down $0.83 during mid-day trading on Thursday, hitting $19.86. 50,499 shares of the company's stock traded hands, compared to its average volume of 286,641. CECO Environmental Corp. has a one year low of $18.44 and a one year high of $35.16. The company has a market cap of $695.04 million, a PE ratio of 60.15, a price-to-earnings-growth ratio of 1.39 and a beta of 1.30. The firm has a 50 day moving average price of $23.95 and a 200 day moving average price of $27.24. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50.

CECO Environmental (NASDAQ:CECO - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $158.60 million for the quarter, compared to analysts' expectations of $156.09 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. CECO Environmental's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.28 EPS. On average, equities 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.