Vanguard Group Inc boosted its position in shares of CECO Environmental Corp. (NASDAQ:CECE) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,299,121 shares of the industrial products company’s stock after purchasing an additional 33,936 shares during the period. Vanguard Group Inc owned approximately 3.72% of CECO Environmental worth $10,238,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in CECO Environmental by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,299,121 shares of the industrial products company’s stock worth $10,238,000 after buying an additional 33,936 shares during the period. Renaissance Technologies LLC lifted its stake in shares of CECO Environmental by 41.2% in the 3rd quarter. Renaissance Technologies LLC now owns 92,800 shares of the industrial products company’s stock valued at $731,000 after purchasing an additional 27,100 shares during the period. Citadel Advisors LLC lifted its stake in shares of CECO Environmental by 21.8% in the 3rd quarter. Citadel Advisors LLC now owns 37,436 shares of the industrial products company’s stock valued at $295,000 after purchasing an additional 6,710 shares during the period. Bridgeway Capital Management Inc. acquired a new position in shares of CECO Environmental in the 3rd quarter valued at about $158,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of CECO Environmental by 9.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 361,683 shares of the industrial products company’s stock valued at $2,850,000 after purchasing an additional 32,170 shares during the period. 65.98% of the stock is currently owned by institutional investors.
In other news, Director David B. Liner purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The shares were acquired at an average cost of $7.86 per share, with a total value of $39,300.00. Following the purchase, the director now owns 37,860 shares in the company, valued at $297,579.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have purchased 8,500 shares of company stock worth $63,775. 13.44% of the stock is owned by company insiders.
Shares of NASDAQ:CECE opened at $7.14 on Wednesday. The stock has a market capitalization of $244.30 million, a PE ratio of 46.60, a price-to-earnings-growth ratio of 1.06 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.33 and a current ratio of 1.53. CECO Environmental Corp. has a 1 year low of $4.00 and a 1 year high of $9.18.
CECO Environmental (NASDAQ:CECE) last announced its quarterly earnings data on Wednesday, November 7th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. CECO Environmental had a positive return on equity of 2.81% and a negative net margin of 6.20%. The company had revenue of $88.26 million for the quarter, compared to the consensus estimate of $83.50 million. On average, equities research analysts forecast that CECO Environmental Corp. will post 0.29 EPS for the current fiscal year.
CECE has been the topic of a number of recent analyst reports. Maxim Group reissued a “buy” rating and issued a $10.00 price objective on shares of CECO Environmental in a research note on Tuesday, January 15th. ValuEngine raised CECO Environmental from a “buy” rating to a “strong-buy” rating in a research note on Thursday, November 8th. HC Wainwright initiated coverage on CECO Environmental in a research note on Tuesday, December 18th. They issued a “buy” rating and a $9.00 price objective on the stock. Zacks Investment Research raised CECO Environmental from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research note on Monday, November 12th. Finally, BidaskClub raised CECO Environmental from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $8.95.
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CECO Environmental Company Profile
CECO Environmental Corp. provides critical solutions to the environmental, energy, and fluid handling and filtration industries worldwide. The company operates through three segments: Energy, Environmental, and Fluid Handling and Filtration. The Energy segment offers gas turbine exhaust systems, dampers and diverters, gas and liquid separation and filtration equipment, selective catalytic reduction and selective non-catalytic reduction systems, acoustical components and silencers, secondary separators, and expansion joints for the power and petrochemical industries.
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