Royce & Associates LP Grows Position in CECO Environmental Corp. (NASDAQ:CECO)

Royce & Associates LP increased its stake in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 27.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 915,212 shares of the company's stock after acquiring an additional 195,425 shares during the quarter. Royce & Associates LP owned approximately 2.62% of CECO Environmental worth $27,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CECO. King Luther Capital Management Corp raised its stake in shares of CECO Environmental by 2.3% during the fourth quarter. King Luther Capital Management Corp now owns 1,033,789 shares of the company's stock valued at $31,251,000 after acquiring an additional 23,239 shares during the last quarter. FMR LLC lifted its holdings in CECO Environmental by 23.5% in the 3rd 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 period. Geode Capital Management LLC grew its position in shares of CECO Environmental by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 689,487 shares of the company's stock worth $19,448,000 after buying an additional 11,857 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of CECO Environmental by 41.6% during the fourth quarter. Van ECK Associates Corp now owns 538,092 shares of the company's stock valued at $16,267,000 after buying an additional 158,215 shares during the period. Finally, Fred Alger Management LLC raised its holdings in shares of CECO Environmental by 135.9% during the third quarter. Fred Alger Management LLC now owns 312,810 shares of the company's stock valued at $8,821,000 after acquiring an additional 180,221 shares in the last quarter. 68.08% of the stock is owned by hedge funds and other institutional investors.

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Insider Transactions at CECO Environmental

In other news, Director Richard F. Wallman acquired 1,000 shares of CECO Environmental stock in a transaction on 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 $5,208,992.55. This trade represents a 0.49 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 16.90% of the company's stock.

Analyst Ratings Changes

CECO has been the topic of a number of research analyst reports. HC Wainwright reissued a "neutral" rating on shares of CECO Environmental in a research report on Wednesday, February 26th. Craig Hallum increased their price target 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. Northland Securities raised their price objective 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. Finally, Needham & Company LLC reissued a "buy" rating and issued a $33.00 target price on shares of CECO Environmental in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $36.20.

CECO Environmental Stock Down 1.3 %

NASDAQ:CECO traded down $0.32 during mid-day trading on Thursday, hitting $23.90. 109,914 shares of the company's stock were exchanged, compared to its average volume of 276,201. The company has a market cap of $836.26 million, a PE ratio of 72.43, a P/E/G ratio of 1.39 and a beta of 1.43. 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 one year low of $20.00 and a one year high of $35.16. The business has a fifty day moving average price of $26.66 and a 200 day moving average price of $27.85.

CECO Environmental (NASDAQ:CECO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.05. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The firm had revenue of $158.60 million for the quarter, compared to analysts' expectations of $156.09 million. During the same period in the previous year, the firm posted $0.28 EPS. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. Equities analysts predict 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.