Algert Global LLC lowered its stake in CECO Environmental Corp. (NASDAQ:CECE) by 24.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 65,721 shares of the industrial products company’s stock after selling 21,280 shares during the period. Algert Global LLC owned 0.19% of CECO Environmental Corp. worth $691,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. GFI Investment Counsel Ltd. purchased a new position in shares of CECO Environmental Corp. during the fourth quarter worth $10,602,000. Systematic Financial Management LP purchased a new position in shares of CECO Environmental Corp. during the fourth quarter worth $4,096,000. Dimensional Fund Advisors LP boosted its position in shares of CECO Environmental Corp. by 14.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,369,686 shares of the industrial products company’s stock worth $19,107,000 after buying an additional 173,487 shares during the last quarter. Numeric Investors LLC purchased a new position in shares of CECO Environmental Corp. during the fourth quarter worth $1,829,000. Finally, Renaissance Technologies LLC boosted its position in shares of CECO Environmental Corp. by 68.3% in the fourth quarter. Renaissance Technologies LLC now owns 290,183 shares of the industrial products company’s stock worth $4,048,000 after buying an additional 117,800 shares during the last quarter. Institutional investors and hedge funds own 58.06% of the company’s stock.
CECO Environmental Corp. (NASDAQ:CECE) traded up 1.38% on Friday, reaching $9.52. The company’s stock had a trading volume of 94,827 shares. The company’s market capitalization is $328.07 million. CECO Environmental Corp. has a 1-year low of $7.68 and a 1-year high of $14.88. The stock has a 50 day moving average price of $10.71 and a 200-day moving average price of $12.00.
CECO Environmental Corp. (NASDAQ:CECE) last posted its quarterly earnings results on Wednesday, May 10th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The company had revenue of $92.70 million for the quarter, compared to analysts’ expectations of $97.10 million. CECO Environmental Corp. had a return on equity of 11.22% and a net margin of 2.35%. The firm’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 earnings per share. Equities analysts predict that CECO Environmental Corp. will post $0.83 earnings per share for the current fiscal year.
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Several research analysts have commented on the company. TheStreet lowered CECO Environmental Corp. from a “b-” rating to a “c-” rating in a research report on Thursday, March 9th. Needham & Company LLC reissued a “buy” rating and issued a $13.00 price objective on shares of CECO Environmental Corp. in a research report on Thursday, February 16th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $11.00 price objective on shares of CECO Environmental Corp. in a research report on Thursday, March 16th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. CECO Environmental Corp. presently has an average rating of “Hold” and an average target price of $13.25.
In other news, CEO Dennis Sadlowski bought 4,000 shares of the business’s stock in a transaction on Friday, March 10th. The shares were bought at an average cost of $10.46 per share, with a total value of $41,840.00. Following the purchase, the chief executive officer now directly owns 12,828 shares in the company, valued at $134,180.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders acquired 6,000 shares of company stock worth $62,430 in the last ninety days. 15.20% of the stock is owned by corporate insiders.
CECO Environmental Corp. Company Profile
CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems.
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