CECO Environmental Corp. (NASDAQ:CECO) Position Trimmed by Legato Capital Management LLC

Legato Capital Management LLC decreased its holdings in CECO Environmental Corp. (NASDAQ:CECO) by 35.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,413 shares of the company’s stock after selling 25,269 shares during the quarter. Legato Capital Management LLC owned 0.13% of CECO Environmental worth $1,403,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC grew its holdings in shares of 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 acquiring an additional 3,206 shares during the last quarter. Inspire Investing LLC acquired a new position in shares of CECO Environmental in the 3rd quarter valued at $415,000. Allspring Global Investments Holdings LLC boosted its position in shares of CECO Environmental by 65.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 484,518 shares of the company’s stock valued at $13,663,000 after purchasing an additional 191,286 shares during the period. Eastern Bank purchased a new position in CECO Environmental in the 3rd quarter worth about $113,000. Finally, Private Advisor Group LLC raised its holdings in CECO Environmental by 5.8% during the 3rd quarter. Private Advisor Group LLC now owns 16,065 shares of the company’s stock worth $453,000 after buying an additional 885 shares during the period. Institutional investors own 68.08% of the company’s stock.

CECO Environmental Stock Performance

CECO stock opened at $25.70 on Thursday. The stock has a market cap of $898.99 million, a P/E ratio of 77.88, a P/E/G ratio of 1.64 and a beta of 1.41. 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 firm has a 50 day simple moving average of $30.21 and a 200 day simple moving average of $28.53. CECO Environmental Corp. has a 52 week low of $18.50 and a 52 week high of $35.16.

Wall Street Analyst Weigh In

Several research analysts have commented on CECO shares. Northland Securities raised their target price 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. Needham & Company LLC decreased their price objective on shares of CECO Environmental from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Craig Hallum boosted their target price on shares of CECO Environmental from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, HC Wainwright lowered CECO Environmental from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.