Navellier & Associates Inc. Has $1.87 Million Stock Holdings in CECO Environmental Corp. (NASDAQ:CECO)

Navellier & Associates Inc. lowered its holdings in CECO Environmental Corp. (NASDAQ:CECO) by 25.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,387 shares of the company’s stock after selling 23,146 shares during the quarter. Navellier & Associates Inc.’s holdings in CECO Environmental were worth $1,872,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Boston Partners bought a new stake in shares of CECO Environmental in the first quarter valued at approximately $516,000. Vanguard Group Inc. grew its position in CECO Environmental by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 1,526,395 shares of the company’s stock worth $35,138,000 after purchasing an additional 24,812 shares during the last quarter. Sei Investments Co. grew its position in CECO Environmental by 35.2% in the 1st quarter. Sei Investments Co. now owns 70,129 shares of the company’s stock worth $1,614,000 after purchasing an additional 18,272 shares during the last quarter. Hood River Capital Management LLC bought a new position in shares of CECO Environmental during the 2nd quarter worth about $15,495,000. Finally, Assenagon Asset Management S.A. raised its position in shares of CECO Environmental by 51.2% during the second quarter. Assenagon Asset Management S.A. now owns 101,585 shares of the company’s stock valued at $2,931,000 after buying an additional 34,412 shares during the last quarter. 68.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on CECO. Northland Securities boosted their price target on CECO Environmental from $28.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Roth Mkm upped their target price on CECO Environmental from $26.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Craig Hallum lifted their price target on shares of CECO Environmental from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. HC Wainwright restated a “buy” rating and issued a $35.00 price objective on shares of CECO Environmental in a research note on Wednesday, October 30th. Finally, Needham & Company LLC decreased their target price on shares of CECO Environmental from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $34.40.

Insider Transactions at CECO Environmental

In related news, Director Richard F. Wallman acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average price of $28.77 per share, for a total transaction of $287,700.00. Following the transaction, the director now directly owns 62,000 shares of the company’s stock, valued at approximately $1,783,740. This trade represents a 19.23 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 16.90% of the company’s stock.

CECO Environmental Stock Up 0.9 %

Shares of NASDAQ:CECO opened at $29.97 on Thursday. The company has a market capitalization of $1.05 billion, a PE ratio of 90.82, a P/E/G ratio of 2.52 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.30. The company’s fifty day moving average is $26.80 and its 200-day moving average is $26.72. CECO Environmental Corp. has a 52 week low of $18.50 and a 52 week high of $31.55.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). The firm had revenue of $135.50 million for the quarter, compared to analyst estimates of $155.94 million. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 EPS. Equities research analysts predict that CECO Environmental Corp. will post 0.79 earnings per share for the current fiscal year.

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.