Heck Capital Advisors LLC Purchases Shares of 2,439 CECO Environmental Corp. (NASDAQ:CECO)

Heck Capital Advisors LLC acquired a new position in CECO Environmental Corp. (NASDAQ:CECO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,439 shares of the company’s stock, valued at approximately $74,000.

A number of other institutional investors also recently made changes to their positions in the business. First Horizon Advisors Inc. lifted its stake in CECO Environmental by 71.6% in 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 bought a new stake in shares of CECO Environmental in the 3rd quarter valued at about $69,000. Morse Asset Management Inc purchased a new stake in CECO Environmental during the 3rd quarter valued at about $76,000. Eastern Bank bought a new position in CECO Environmental during the 3rd quarter worth approximately $113,000. Finally, SG Americas Securities LLC increased its stake in CECO Environmental by 46.0% in the 3rd quarter. SG Americas Securities LLC now owns 10,175 shares of the company’s stock worth $287,000 after purchasing an additional 3,206 shares during the period. Hedge funds and other institutional investors own 68.08% of the company’s stock.

CECO Environmental Stock Down 2.1 %

Shares of NASDAQ CECO opened at $28.32 on Monday. The firm has a fifty day simple moving average of $30.98 and a two-hundred day simple moving average of $28.65. The firm has a market capitalization of $990.63 million, a PE ratio of 85.82, a price-to-earnings-growth ratio of 1.67 and a beta of 1.43. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50. CECO Environmental Corp. has a 12 month low of $18.50 and a 12 month high of $35.16.

Analyst Upgrades and Downgrades

CECO has been the topic of several recent analyst reports. Needham & Company LLC cut their target price on shares of CECO Environmental from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. HC Wainwright lowered shares of CECO Environmental from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Northland Securities upped their price objective on shares of CECO Environmental from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, Craig Hallum raised their target price on CECO Environmental from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.20.

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.