Ameriprise Financial Inc. Has $492,000 Position in CECO Environmental Corp. (CECE)

Ameriprise Financial Inc. increased its stake in shares of CECO Environmental Corp. (NASDAQ:CECE) by 26.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,588 shares of the industrial products company’s stock after acquiring an additional 11,113 shares during the period. Ameriprise Financial Inc. owned about 0.16% of CECO Environmental Corp. worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. TIAA CREF Investment Management LLC grew its holdings in CECO Environmental Corp. by 8.2% during the second quarter. TIAA CREF Investment Management LLC now owns 231,471 shares of the industrial products company’s stock worth $2,125,000 after acquiring an additional 17,640 shares during the period. Teachers Advisors LLC grew its holdings in CECO Environmental Corp. by 7.1% during the second quarter. Teachers Advisors LLC now owns 109,070 shares of the industrial products company’s stock worth $1,001,000 after acquiring an additional 7,233 shares during the period. Trigran Investments Inc. grew its holdings in CECO Environmental Corp. by 26.1% during the second quarter. Trigran Investments Inc. now owns 2,084,082 shares of the industrial products company’s stock worth $19,132,000 after acquiring an additional 431,432 shares during the period. Martingale Asset Management L P grew its holdings in CECO Environmental Corp. by 1.1% during the second quarter. Martingale Asset Management L P now owns 115,459 shares of the industrial products company’s stock worth $1,060,000 after acquiring an additional 1,200 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in CECO Environmental Corp. by 2.3% during the second quarter. Wells Fargo & Company MN now owns 294,104 shares of the industrial products company’s stock worth $2,700,000 after acquiring an additional 6,733 shares during the period. 69.42% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Jonathan Pollack purchased 6,800 shares of the stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average cost of $7.31 per share, with a total value of $49,708.00. Following the completion of the purchase, the director now directly owns 26,146 shares of the company’s stock, valued at approximately $191,127.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jason Dezwirek purchased 25,000 shares of the stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of $7.27 per share, for a total transaction of $181,750.00. Following the completion of the purchase, the director now directly owns 1,410,616 shares of the company’s stock, valued at $10,255,178.32. The disclosure for this purchase can be found here. Insiders bought 36,800 shares of company stock worth $259,428 over the last ninety days. Corporate insiders own 14.30% of the company’s stock.

Shares of CECO Environmental Corp. (NASDAQ CECE) opened at $5.96 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 1.38. CECO Environmental Corp. has a 1-year low of $5.40 and a 1-year high of $14.88. The company has a market capitalization of $206.86, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 1.02 and a beta of 1.46.

CECO Environmental Corp. (NASDAQ:CECE) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.12). The business had revenue of $85.00 million during the quarter, compared to analyst estimates of $92.66 million. CECO Environmental Corp. had a negative net margin of 11.47% and a positive return on equity of 11.91%. The firm’s revenue for the quarter was down 16.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share. equities research analysts anticipate that CECO Environmental Corp. will post 0.39 EPS for the current year.

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CECE has been the topic of several analyst reports. Zacks Investment Research raised CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub lowered CECO Environmental Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. William Blair lowered CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, August 11th. ValuEngine lowered CECO Environmental Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Roth Capital reissued a “neutral” rating on shares of CECO Environmental Corp. in a report on Thursday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.33.

About CECO Environmental Corp.

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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Institutional Ownership by Quarter for CECO Environmental Corp. (NASDAQ:CECE)

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