Gordian Capital Singapore Pte Ltd Has $1 Million Stock Holdings in CECO Environmental Corp. (NASDAQ:CECO)

Gordian Capital Singapore Pte Ltd grew its stake in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 153.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,500 shares of the company's stock after purchasing an additional 21,517 shares during the period. Gordian Capital Singapore Pte Ltd owned approximately 0.10% of CECO Environmental worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. FMR LLC grew its stake in 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 during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of CECO Environmental by 10.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 657,764 shares of the company's stock worth $18,976,000 after acquiring an additional 64,900 shares in the last quarter. Driehaus Capital Management LLC grew its position in CECO Environmental by 37.4% during the 2nd quarter. Driehaus Capital Management LLC now owns 586,249 shares of the company's stock worth $16,913,000 after acquiring an additional 159,485 shares during the last quarter. Robeco Schweiz AG increased its holdings in CECO Environmental by 375.2% during the 2nd quarter. Robeco Schweiz AG now owns 565,255 shares of the company's stock valued at $16,308,000 after purchasing an additional 446,305 shares in the last quarter. Finally, Hood River Capital Management LLC bought a new position in CECO Environmental in the 2nd quarter valued at $15,495,000. 68.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on CECO. Needham & Company LLC decreased their target price on CECO Environmental from $35.00 to $33.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. HC Wainwright restated a "buy" rating and issued a $35.00 price objective on shares of CECO Environmental in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $34.40.

CECO Environmental Trading Up 0.1 %

NASDAQ:CECO traded up $0.03 on Monday, hitting $32.77. 212,970 shares of the stock were exchanged, compared to its average volume of 272,387. CECO Environmental Corp. has a 52 week low of $18.50 and a 52 week high of $33.52. The company's 50-day moving average price is $27.72 and its 200 day moving average price is $27.37. 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 $1.15 billion, a price-to-earnings ratio of 99.22, a P/E/G ratio of 2.77 and a beta of 1.41.

CECO Environmental (NASDAQ:CECO - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.19 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 $135.50 million for the quarter, compared to analyst estimates of $155.94 million. During the same period in the prior year, the firm posted $0.22 EPS. CECO Environmental's revenue was down 9.3% on a year-over-year basis. On average, equities research analysts forecast that CECO Environmental Corp. will post 0.79 earnings per share 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.