Loomis Sayles & Co. L P Sells 16,416 Shares of CECO Environmental Corp. (NASDAQ:CECO)

Loomis Sayles & Co. L P trimmed its holdings in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 384,196 shares of the company's stock after selling 16,416 shares during the quarter. Loomis Sayles & Co. L P owned about 1.10% of CECO Environmental worth $10,834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Essex Investment Management Co. LLC grew its holdings in shares of CECO Environmental by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 208,426 shares of the company's stock worth $5,878,000 after purchasing an additional 562 shares in the last quarter. First Horizon Advisors Inc. grew its stake in CECO Environmental by 71.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,416 shares of the company's stock worth $40,000 after buying an additional 591 shares in the last quarter. CWM LLC grew its stake in CECO Environmental by 45.3% in the 2nd quarter. CWM LLC now owns 2,270 shares of the company's stock worth $65,000 after buying an additional 708 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of CECO Environmental by 5.8% in the 3rd quarter. Private Advisor Group LLC now owns 16,065 shares of the company's stock worth $453,000 after buying an additional 885 shares during the last quarter. Finally, Kessler Investment Group LLC raised its position in shares of CECO Environmental by 27.8% during the 2nd quarter. Kessler Investment Group LLC now owns 7,166 shares of the company's stock valued at $207,000 after buying an additional 1,560 shares in the last quarter. 68.08% of the stock is currently owned by institutional investors.

CECO Environmental Trading Down 1.7 %

CECO Environmental stock traded down $0.56 during trading hours on Thursday, reaching $31.88. The company had a trading volume of 234,181 shares, compared to its average volume of 273,487. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12. CECO Environmental Corp. has a 12-month low of $18.50 and a 12-month high of $33.52. The company has a 50-day moving average price of $27.17 and a 200 day moving average price of $26.99. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 96.61, a P/E/G ratio of 2.80 and a beta of 1.35.

CECO Environmental (NASDAQ:CECO - Get Free Report) last posted its quarterly 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). The firm had revenue of $135.50 million for the quarter, compared to the consensus estimate of $155.94 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The company's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 earnings per share. Equities analysts forecast that CECO Environmental Corp. will post 0.79 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on CECO. Northland Securities upped their target price on shares of CECO Environmental from $28.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Needham & Company LLC reduced their price objective on CECO Environmental from $35.00 to $33.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. HC Wainwright restated a "buy" rating and issued a $35.00 target price on shares of CECO Environmental in a research report on Wednesday, October 30th. Craig Hallum increased their price target on shares of CECO Environmental from $28.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Finally, Roth Mkm lifted their price target on shares of CECO Environmental from $26.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CECO Environmental currently has a consensus rating of "Buy" and an average price target of $34.40.

Insider Activity

In other news, Director Richard F. Wallman bought 10,000 shares of CECO Environmental stock in a transaction on Friday, August 30th. The shares were purchased at an average price of $28.77 per share, for a total transaction of $287,700.00. Following the acquisition, the director now owns 62,000 shares of the company's stock, valued at approximately $1,783,740. The trade was a 19.23 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.