CECO Environmental Corp. (NASDAQ:CECO) Shares Acquired by Capital International Investors

Capital International Investors increased its holdings in shares of CECO Environmental Corp. (NASDAQ:CECO) by 12.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,971,334 shares of the company’s stock after purchasing an additional 212,476 shares during the quarter. Capital International Investors owned 0.06% of CECO Environmental worth $59,593,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CECO. Heck Capital Advisors LLC acquired a new stake in shares of CECO Environmental during the fourth quarter valued at about $74,000. Morse Asset Management Inc purchased a new position in shares of CECO Environmental during the 3rd quarter worth approximately $76,000. Jones Financial Companies Lllp increased its holdings in CECO Environmental by 127.0% in the 4th quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company’s stock valued at $90,000 after purchasing an additional 1,658 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in CECO Environmental in the fourth quarter valued at approximately $218,000. Finally, Bard Associates Inc. acquired a new position in CECO Environmental during the fourth quarter worth $251,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of $25.15 per share, with a total value of $25,150.00. Following the completion of the acquisition, the director now directly owns 207,117 shares of the company’s stock, valued at $5,208,992.55. This trade represents a 0.49 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter K. Johansson sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $22.80, for a total transaction of $513,000.00. Following the sale, the insider now directly owns 62,160 shares in the company, valued at approximately $1,417,248. The trade was a 26.58 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 16.90% of the company’s stock.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $19.36 on Friday. The stock’s 50-day moving average is $22.86 and its two-hundred day moving average is $26.84. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12. The company has a market cap of $681.80 million, a price-to-earnings ratio of 58.67, a price-to-earnings-growth ratio of 1.39 and a beta of 1.30. CECO Environmental Corp. has a 1-year low of $18.44 and a 1-year high of $35.16.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CECO. HC Wainwright reaffirmed a “neutral” rating on shares of CECO Environmental in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a “buy” rating and set a $33.00 price target on shares of CECO Environmental in a research note on Wednesday, February 26th. Finally, Craig Hallum increased their price target on shares of CECO Environmental from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.20.

CECO Environmental Profile

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.