CECO Environmental Corp. $CECO Stock Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lessened its holdings in CECO Environmental Corp. (TXSE:CECO) by 19.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,065 shares of the company’s stock after selling 13,210 shares during the period. Lisanti Capital Growth LLC owned approximately 0.09% of CECO Environmental worth $3,765,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in CECO Environmental by 71.6% during the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after acquiring an additional 154 shares during the period. Allworth Financial LP increased its position in shares of CECO Environmental by 98.1% during the 2nd quarter. Allworth Financial LP now owns 317 shares of the company’s stock valued at $29,000 after purchasing an additional 157 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of CECO Environmental by 23.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,644 shares of the company’s stock valued at $114,000 after purchasing an additional 308 shares during the last quarter. Ethic Inc. raised its stake in shares of CECO Environmental by 18.5% during the 3rd quarter. Ethic Inc. now owns 3,490 shares of the company’s stock worth $243,000 after purchasing an additional 545 shares during the period. Finally, Swiss National Bank grew its position in CECO Environmental by 1.0% during the first quarter. Swiss National Bank now owns 59,900 shares of the company’s stock valued at $3,569,000 after buying an additional 600 shares during the period. 68.08% of the stock is owned by institutional investors.

CECO Environmental Trading Up 3.2%

Shares of CECO opened at $53.50 on Thursday. The business has a 50-day moving average of $63.67 and a 200 day moving average of $71.05. CECO Environmental Corp. has a fifty-two week low of $37.15 and a fifty-two week high of $101.24. The firm has a market cap of $3.13 billion, a P/E ratio of -77.54 and a beta of 1.63. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50.

CECO Environmental (TXSE:CECO) last released its quarterly earnings data on Monday, November 9th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). The business had revenue of $404.43 million for the quarter, compared to analysts’ expectations of $397.96 million. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. During the same period last year, the company earned $0.04 earnings per share. As a group, research analysts forecast that CECO Environmental Corp. will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CECO. JPMorgan Chase & Co. lifted their price objective on shares of CECO Environmental from $110.00 to $120.00 and gave the stock an “overweight” rating in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $110.00 target price on shares of CECO Environmental in a research report on Tuesday, August 11th. Northland Securities set a $125.00 price target on shares of CECO Environmental in a research note on Thursday, August 13th. Zacks Research raised shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Finally, Weiss Ratings cut shares of CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.62.

About CECO Environmental

CECO Environmental Corp. (NASDAQ:CECO) is an industrial technology company that designs and supplies environmental and engineered equipment for industrial processes. Its solutions help customers control air pollution, manage industrial emissions, improve process efficiency and handle fluids in demanding operating environments. The company’s product and service offerings include air pollution control systems, industrial ventilation and filtration equipment, scrubbers, fans, dust collection systems, thermal and heat-transfer equipment, pumps and other fluid-handling technologies.