AlphaOne Investment Services LLC decreased its stake in shares of CECO Environmental Corp. (NASDAQ:CECE) by 5.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 355,651 shares of the industrial products company’s stock after selling 20,759 shares during the period. AlphaOne Investment Services LLC owned approximately 1.03% of CECO Environmental Corp. worth $3,738,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of CECE. First Trust Advisors LP bought a new position in CECO Environmental Corp. during the third quarter valued at about $161,000. Citadel Advisors LLC boosted its position in CECO Environmental Corp. by 127.9% in the third quarter. Citadel Advisors LLC now owns 61,984 shares of the industrial products company’s stock valued at $699,000 after buying an additional 34,788 shares in the last quarter. KCG Holdings Inc. bought a new position in CECO Environmental Corp. during the third quarter valued at about $982,000. Two Sigma Securities LLC bought a new position in CECO Environmental Corp. during the third quarter valued at about $196,000. Finally, Martin & Co. Inc. TN raised its stake in CECO Environmental Corp. by 2.3% in the third quarter. Martin & Co. Inc. TN now owns 107,335 shares of the industrial products company’s stock valued at $1,211,000 after buying an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 58.06% of the company’s stock.
CECO Environmental Corp. (NASDAQ:CECE) traded up 0.11% during mid-day trading on Tuesday, reaching $9.40. The company’s stock had a trading volume of 75,989 shares. CECO Environmental Corp. has a 12-month low of $7.71 and a 12-month high of $14.88. The firm’s 50 day moving average price is $10.65 and its 200 day moving average price is $12.03. The stock’s market cap is $323.93 million.
CECO Environmental Corp. (NASDAQ:CECE) last announced its quarterly earnings results on Wednesday, May 10th. The industrial products company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. CECO Environmental Corp. had a return on equity of 11.22% and a net margin of 2.35%. The business had revenue of $92.70 million for the quarter, compared to analyst estimates of $97.10 million. During the same quarter in the prior year, the company posted $0.18 EPS. The company’s quarterly revenue was down 10.2% on a year-over-year basis. On average, equities analysts predict that CECO Environmental Corp. will post $0.83 earnings per share for the current year.
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Several research firms have recently commented on CECE. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 price target on shares of CECO Environmental Corp. in a research report on Thursday, February 16th. TheStreet lowered shares of CECO Environmental Corp. from a “b-” rating to a “c-” rating in a research report on Thursday, March 9th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $11.00 price target on shares of CECO Environmental Corp. in a research report on Thursday, March 16th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $13.25.
In other news, CEO Dennis Sadlowski bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The shares were purchased at an average price of $10.46 per share, with a total value of $41,840.00. Following the purchase, the chief executive officer now owns 12,828 shares in the company, valued at $134,180.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders bought 6,000 shares of company stock worth $62,430. Corporate insiders own 15.20% of the company’s stock.
CECO Environmental Corp. Company Profile
CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems.
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