CECO Environmental Corp. (NASDAQ:CECO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lessened its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 17.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,470,460 shares of the company’s stock after selling 307,042 shares during the quarter. Dimensional Fund Advisors LP owned about 4.20% of CECO Environmental worth $44,453,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of CECO Environmental in the 4th quarter worth $7,334,000. Capital International Investors lifted its holdings in CECO Environmental by 12.1% in the 4th quarter. Capital International Investors now owns 1,971,334 shares of the company’s stock valued at $59,593,000 after acquiring an additional 212,476 shares during the last quarter. Peregrine Capital Management LLC bought a new position in shares of CECO Environmental during the 4th quarter valued at about $6,278,000. Thrivent Financial for Lutherans grew its stake in shares of CECO Environmental by 53.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 584,712 shares of the company’s stock worth $17,676,000 after purchasing an additional 204,392 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP bought a new stake in shares of CECO Environmental in the 4th quarter worth approximately $5,952,000. Institutional investors own 68.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CECO. HC Wainwright raised CECO Environmental from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday. Craig Hallum upped their target price on CECO Environmental from $34.00 to $40.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Needham & Company LLC boosted their price objective on CECO Environmental from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $36.00.

CECO Environmental Stock Up 6.2 %

Shares of CECO Environmental stock opened at $25.92 on Friday. CECO Environmental Corp. has a 1 year low of $17.57 and a 1 year high of $35.16. The company has a market cap of $912.82 million, a P/E ratio of 78.55, a P/E/G ratio of 1.39 and a beta of 1.30. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average price of $22.19 and a 200 day moving average price of $26.42.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $176.70 million during the quarter, compared to analysts’ expectations of $151.53 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. CECO Environmental’s quarterly revenue was up 39.9% on a year-over-year basis. As a group, analysts expect that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Insider Transactions at CECO Environmental

In other news, Director Richard F. Wallman purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $25.15 per share, with a total value of $25,150.00. Following the purchase, the director now owns 207,117 shares in the company, valued at $5,208,992.55. This represents a 0.49 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter K. Johansson sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $22.80, for a total transaction of $513,000.00. Following the transaction, the insider now directly owns 62,160 shares in the company, valued at approximately $1,417,248. The trade was a 26.58 % decrease in their position. The disclosure for this sale can be found here. 18.40% of the stock is currently owned by company insiders.

CECO Environmental Profile

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.