242,614 Shares in CECO Environmental Corp. (NASDAQ:CECO) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 242,614 shares of the company's stock, valued at approximately $7,334,000. Raymond James Financial Inc. owned 0.69% of CECO Environmental as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Heck Capital Advisors LLC bought a new stake in CECO Environmental during the fourth quarter valued at approximately $74,000. Morse Asset Management Inc bought a new stake in CECO Environmental during the third quarter worth approximately $76,000. Jones Financial Companies Lllp raised its position in CECO Environmental by 127.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company's stock valued at $90,000 after purchasing an additional 1,658 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of CECO Environmental in the 4th quarter valued at approximately $218,000. Finally, Bard Associates Inc. purchased 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 Analysts Forecast Growth

Several research analysts have commented on CECO shares. HC Wainwright reaffirmed a "neutral" rating on shares of CECO Environmental in a research note on Wednesday, February 26th. Craig Hallum increased 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 reaffirmed a "buy" rating and set a $33.00 target price on shares of CECO Environmental in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $36.20.

CECO Environmental Stock Down 1.8 %

Shares of CECO Environmental stock traded down $0.36 during trading hours on Monday, hitting $19.57. The company had a trading volume of 104,537 shares, compared to its average volume of 287,726. The company's 50-day moving average is $22.27 and its two-hundred day moving average is $26.55. CECO Environmental Corp. has a twelve month low of $17.57 and a twelve month high of $35.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12. The company has a market cap of $689.20 million, a P/E ratio of 59.21, a price-to-earnings-growth 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 (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The business had revenue of $158.60 million for the quarter, compared to the consensus estimate of $156.09 million. During the same quarter in the prior year, the firm posted $0.28 earnings per share. The company's quarterly revenue was up 3.2% compared to the same quarter last year. Analysts anticipate that CECO Environmental Corp. will post 0.67 earnings per share for the current fiscal year.

Insider Activity

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 transaction of $135,264.15. Following the transaction, the insider now directly owns 84,660 shares of the company's stock, valued at $2,044,539. The trade was a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard F. Wallman bought 1,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost 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 approximately $5,208,992.55. This trade represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 16.90% of the company's stock.

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.