CECO Environmental Corp. (NASDAQ:CECO) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its position in CECO Environmental Corp. (NASDAQ:CECO) by 25.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,256 shares of the company’s stock after selling 9,806 shares during the quarter. Jane Street Group LLC owned approximately 0.08% of CECO Environmental worth $797,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Essex Investment Management Co. LLC boosted its stake in shares of CECO Environmental by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 208,426 shares of the company’s stock valued at $5,878,000 after purchasing an additional 562 shares during the period. First Horizon Advisors Inc. boosted its position in 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 buying an additional 591 shares during the period. Private Advisor Group LLC boosted its position in CECO Environmental by 5.8% in the 3rd quarter. Private Advisor Group LLC now owns 16,065 shares of the company’s stock valued at $453,000 after buying an additional 885 shares during the period. Principal Financial Group Inc. grew its stake in shares of CECO Environmental by 14.8% in the second quarter. Principal Financial Group Inc. now owns 18,916 shares of the company’s stock worth $546,000 after acquiring an additional 2,439 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of CECO Environmental during the third quarter worth $69,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. HC Wainwright reiterated a “buy” rating and issued a $35.00 target price on shares of CECO Environmental in a report on Wednesday, October 30th. Northland Securities raised their target price on shares of CECO Environmental from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, Needham & Company LLC decreased their price target 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. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $35.00.

CECO Environmental Price Performance

CECO stock opened at $30.23 on Thursday. The business has a 50 day simple moving average of $29.05 and a 200-day simple moving average of $28.16. The company has a market capitalization of $1.06 billion, a P/E ratio of 91.61, a PEG ratio of 2.92 and a beta of 1.41. CECO Environmental Corp. has a twelve month low of $18.50 and a twelve month high of $35.16. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50.

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