Vanguard Group Inc grew its stake in shares of CECO Environmental Corp. (NASDAQ:CECE) by 2.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor 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’s holdings in CECO Environmental were worth $10,238,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in CECO Environmental by 2.7% in the third quarter. Vanguard Group Inc. now owns 1,299,121 shares of the industrial products company’s stock valued at $10,238,000 after acquiring an additional 33,936 shares in the last quarter. Renaissance Technologies LLC grew its position in CECO Environmental by 41.2% in the third quarter. Renaissance Technologies LLC now owns 92,800 shares of the industrial products company’s stock valued at $731,000 after acquiring an additional 27,100 shares in the last quarter. Citadel Advisors LLC grew its position in CECO Environmental by 21.8% in the third quarter. Citadel Advisors LLC now owns 37,436 shares of the industrial products company’s stock valued at $295,000 after acquiring an additional 6,710 shares in the last quarter. Bridgeway Capital Management Inc. acquired a new stake in CECO Environmental in the third quarter valued at approximately $158,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in CECO Environmental by 9.8% in the third 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 acquiring an additional 32,170 shares in the last quarter. 65.98% of the stock is owned by hedge funds and other institutional investors.
In related news, Director David B. Liner purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was acquired at an average price of $7.86 per share, with a total value of $39,300.00. Following the completion of the transaction, the director now owns 37,860 shares of the company’s stock, valued at $297,579.60. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have bought 8,500 shares of company stock valued at $63,775 in the last three months. Corporate insiders own 13.44% of the company’s stock.
CECE stock opened at $7.14 on Wednesday. CECO Environmental Corp. has a twelve month low of $4.00 and a twelve month high of $9.18. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.53 and a quick ratio of 1.33. The company has a market cap of $244.30 million, a PE ratio of 46.60, a P/E/G ratio of 1.06 and a beta of 1.08.
CECO Environmental (NASDAQ:CECE) last released its quarterly earnings results on Wednesday, November 7th. The industrial products company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. CECO Environmental had a negative net margin of 6.20% and a positive return on equity of 2.81%. The business had revenue of $88.26 million during the quarter, compared to the consensus estimate of $83.50 million. On average, analysts anticipate that CECO Environmental Corp. will post 0.29 EPS for the current year.
Several analysts have issued reports on the stock. Zacks Investment Research downgraded shares of CECO Environmental from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 3rd. ValuEngine raised shares of CECO Environmental from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. BidaskClub raised shares of CECO Environmental from a “sell” rating to a “hold” rating in a research report on Thursday, November 8th. Finally, HC Wainwright assumed coverage on shares of CECO Environmental in a research report on Tuesday, December 18th. They issued a “buy” rating and a $9.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. CECO Environmental currently has a consensus rating of “Buy” and an average price target of $8.95.
About CECO Environmental
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.
Featured Story: How liquidity affects the bid-ask spread
Want to see what other hedge funds are holding CECE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CECO Environmental Corp. (NASDAQ:CECE).
Receive News & Ratings for CECO Environmental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CECO Environmental and related companies with MarketBeat.com's FREE daily email newsletter.