HighTower Advisors LLC Has $501,000 Stake in CECO Environmental Corp. (NASDAQ:CECO)

HighTower Advisors LLC grew its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 25.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 17,669 shares of the company’s stock after acquiring an additional 3,581 shares during the quarter. HighTower Advisors LLC owned about 0.05% of CECO Environmental worth $501,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Essex Investment Management Co. LLC boosted its position in shares of CECO Environmental by 0.3% during the 3rd quarter. Essex Investment Management Co. LLC now owns 208,426 shares of the company’s stock worth $5,878,000 after acquiring an additional 562 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of CECO Environmental by 71.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,416 shares of the company’s stock valued at $40,000 after purchasing an additional 591 shares in the last quarter. Private Advisor Group LLC increased its position 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 purchasing an additional 885 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of CECO Environmental by 14.8% during the second quarter. Principal Financial Group Inc. now owns 18,916 shares of the company’s stock worth $546,000 after buying an additional 2,439 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of CECO Environmental in the 3rd quarter valued at $69,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CECO. HC Wainwright restated a “buy” rating and set a $35.00 price target on shares of CECO Environmental in a report on Wednesday, October 30th. Needham & Company LLC reduced their price target on CECO Environmental from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Northland Securities upped their target price on CECO Environmental from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Friday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $35.00.

CECO Environmental Stock Down 0.0 %

CECO Environmental stock opened at $29.49 on Friday. The company has a market capitalization of $1.03 billion, a PE ratio of 89.37, a PEG ratio of 2.92 and a beta of 1.41. The firm’s fifty day moving average is $28.53 and its 200 day moving average is $27.76. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. CECO Environmental Corp. has a 12-month low of $18.50 and a 12-month high of $35.16.

CECO Environmental (NASDAQ:CECO) last issued its earnings results on Tuesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The firm had revenue of $135.50 million during the quarter, compared to the consensus estimate of $155.94 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. CECO Environmental’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, sell-side analysts predict that CECO Environmental Corp. will post 0.79 EPS for the current fiscal year.

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.