Janney Montgomery Scott LLC Has $1.61 Million Holdings in CECO Environmental Corp. (NASDAQ:CECO)

Janney Montgomery Scott LLC decreased its stake in CECO Environmental Corp. (NASDAQ:CECO) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,100 shares of the company’s stock after selling 1,400 shares during the quarter. Janney Montgomery Scott LLC owned 0.15% of CECO Environmental worth $1,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in CECO Environmental by 23.5% during the 3rd quarter. FMR LLC now owns 786,308 shares of the company’s stock worth $22,174,000 after acquiring an additional 149,777 shares during the last quarter. Geode Capital Management LLC boosted its holdings in CECO Environmental by 1.7% during the third quarter. Geode Capital Management LLC now owns 689,487 shares of the company’s stock worth $19,448,000 after purchasing an additional 11,857 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in CECO Environmental by 65.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 484,518 shares of the company’s stock valued at $13,663,000 after purchasing an additional 191,286 shares in the last quarter. Van ECK Associates Corp increased its stake in CECO Environmental by 466.4% in the 3rd quarter. Van ECK Associates Corp now owns 379,877 shares of the company’s stock valued at $10,082,000 after buying an additional 312,803 shares during the last quarter. Finally, Fred Alger Management LLC lifted its position in CECO Environmental by 135.9% during the 3rd quarter. Fred Alger Management LLC now owns 312,810 shares of the company’s stock worth $8,821,000 after buying an additional 180,221 shares in the last quarter. Institutional investors own 68.08% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. HC Wainwright lowered CECO Environmental from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Craig Hallum upped their price objective on CECO Environmental from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Needham & Company LLC decreased their target price on shares of CECO Environmental from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Northland Securities boosted their target price on shares of CECO Environmental from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.20.

CECO Environmental Price Performance

CECO stock opened at $28.26 on Tuesday. The company’s 50-day moving average price is $30.88 and its two-hundred day moving average price is $28.64. CECO Environmental Corp. has a 12 month low of $18.50 and a 12 month high of $35.16. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. The firm has a market cap of $988.53 million, a P/E ratio of 85.64, a P/E/G ratio of 1.63 and a beta of 1.41.

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.