Tieton Capital Management LLC Decreases Holdings in CECO Environmental Corp. (NASDAQ:CECO)

Tieton Capital Management LLC trimmed its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,733 shares of the company’s stock after selling 600 shares during the period. Tieton Capital Management LLC’s holdings in CECO Environmental were worth $294,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. First Horizon Advisors Inc. increased its position in CECO Environmental by 71.6% during the third quarter. First Horizon Advisors Inc. now owns 1,416 shares of the company’s stock worth $40,000 after purchasing an additional 591 shares during the last quarter. Quest Partners LLC acquired a new position in shares of CECO Environmental in the third quarter valued at approximately $69,000. Heck Capital Advisors LLC acquired a new position in shares of CECO Environmental in the fourth quarter valued at approximately $74,000. Morse Asset Management Inc purchased a new position in CECO Environmental in the third quarter worth approximately $76,000. Finally, Jones Financial Companies Lllp lifted its stake in CECO Environmental by 127.0% in the fourth quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company’s stock worth $90,000 after acquiring an additional 1,658 shares during the last quarter. 68.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on CECO shares. Needham & Company LLC restated a “buy” rating and set a $33.00 price objective on shares of CECO Environmental in a research report on Wednesday, February 26th. Craig Hallum increased their price objective on shares of CECO Environmental from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Northland Securities increased 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, HC Wainwright reissued a “neutral” rating on shares of CECO Environmental in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, CECO Environmental presently has an average rating of “Moderate Buy” and an average target price of $36.20.

CECO Environmental Price Performance

Shares of CECO opened at $24.31 on Monday. The firm has a market capitalization of $850.61 million, a price-to-earnings ratio of 73.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.30. CECO Environmental Corp. has a one year low of $20.00 and a one year high of $35.16. The stock’s fifty day moving average is $26.36 and its 200-day moving average is $27.81.

CECO Environmental (NASDAQ:CECO) last released its earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The business had revenue of $158.60 million for the quarter, compared to the consensus estimate of $156.09 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. Equities analysts anticipate that CECO Environmental Corp. will post 0.67 EPS for the current year.

Insider Activity at CECO Environmental

In related news, Director Richard F. Wallman acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $25.15 per share, with a total value of $25,150.00. Following the purchase, the director now owns 207,117 shares of the company’s stock, valued at approximately $5,208,992.55. The trade was a 0.49 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.90% of the company’s stock.

About CECO Environmental

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.