Los Angeles Capital Management LLC Boosts Stock Holdings in CECO Environmental Corp. (NASDAQ:CECO)

Los Angeles Capital Management LLC boosted its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 40.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,637 shares of the company’s stock after buying an additional 14,687 shares during the period. Los Angeles Capital Management LLC owned 0.14% of CECO Environmental worth $1,166,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Hennessy Advisors Inc. acquired a new position in shares of CECO Environmental during the 4th quarter worth approximately $4,153,000. Virtu Financial LLC acquired a new position in shares of CECO Environmental during the 4th quarter worth approximately $264,000. Tower Research Capital LLC TRC boosted its holdings in shares of CECO Environmental by 89.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $94,000 after purchasing an additional 2,195 shares during the last quarter. Weil Company Inc. boosted its holdings in shares of CECO Environmental by 24.1% during the 4th quarter. Weil Company Inc. now owns 18,030 shares of the company’s stock worth $366,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of CECO Environmental during the 4th quarter worth approximately $459,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

CECO Environmental Stock Up 1.8 %

Shares of NASDAQ CECO opened at $24.95 on Monday. The firm has a market cap of $871.75 million, a price-to-earnings ratio of 71.29, a PEG ratio of 1.74 and a beta of 1.35. The company has a quick ratio of 1.19, a current ratio of 1.38 and a debt-to-equity ratio of 0.53. CECO Environmental Corp. has a 52-week low of $11.46 and a 52-week high of $26.80. The business’s 50 day moving average is $24.14 and its two-hundred day moving average is $22.03.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. CECO Environmental had a return on equity of 11.57% and a net margin of 2.23%. The business had revenue of $126.30 million for the quarter, compared to analyst estimates of $135.82 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. The company’s revenue was up 12.2% on a year-over-year basis. Research analysts predict that CECO Environmental Corp. will post 0.94 EPS for the current year.

Insider Transactions at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average price of $21.95 per share, with a total value of $109,750.00. Following the completion of the acquisition, the director now directly owns 191,853 shares of the company’s stock, valued at approximately $4,211,173.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other CECO Environmental news, Director Richard F. Wallman bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average price of $21.95 per share, with a total value of $109,750.00. Following the completion of the acquisition, the director now directly owns 191,853 shares of the company’s stock, valued at approximately $4,211,173.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was bought at an average price of $24.50 per share, with a total value of $98,000.00. Following the purchase, the director now directly owns 205,319 shares of the company’s stock, valued at $5,030,315.50. The disclosure for this purchase can be found here. Corporate insiders own 16.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CECO. Northland Securities boosted their target price on CECO Environmental from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Craig Hallum upped their price objective on CECO Environmental from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Needham & Company LLC upped their price objective on CECO Environmental from $23.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Roth Mkm upped their price objective on CECO Environmental from $22.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, HC Wainwright reiterated a “buy” rating and issued a $30.00 price objective on shares of CECO Environmental in a report on Wednesday, May 1st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, CECO Environmental has an average rating of “Buy” and an average price target of $27.40.

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.