CECO Environmental Corp. (NASDAQ:CECO) Shares Sold by Foundry Partners LLC

Foundry Partners LLC lessened its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 16.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 204,340 shares of the company’s stock after selling 39,865 shares during the quarter. Foundry Partners LLC’s holdings in CECO Environmental were worth $4,144,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its stake in CECO Environmental by 5.4% during the third quarter. Janney Montgomery Scott LLC now owns 64,456 shares of the company’s stock worth $1,029,000 after acquiring an additional 3,300 shares during the period. Mesirow Financial Investment Management Inc. raised its position in shares of CECO Environmental by 20.3% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 19,714 shares of the company’s stock worth $315,000 after purchasing an additional 3,328 shares during the period. Truvestments Capital LLC lifted its holdings in shares of CECO Environmental by 21.4% in the 3rd quarter. Truvestments Capital LLC now owns 19,701 shares of the company’s stock worth $315,000 after purchasing an additional 3,467 shares during the last quarter. Calamos Advisors LLC boosted its position in CECO Environmental by 3.5% during the 4th quarter. Calamos Advisors LLC now owns 217,741 shares of the company’s stock valued at $4,416,000 after purchasing an additional 7,430 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in CECO Environmental during the 4th quarter worth $159,000. Institutional investors own 68.08% of the company’s stock.

CECO Environmental Price Performance

Shares of CECO stock traded down $0.01 during midday trading on Monday, reaching $23.03. 38,148 shares of the company were exchanged, compared to its average volume of 239,866. The company’s 50 day moving average price is $22.11 and its two-hundred day moving average price is $19.94. The company has a market cap of $803.06 million, a P/E ratio of 62.27, a PEG ratio of 1.59 and a beta of 1.23. CECO Environmental Corp. has a 12 month low of $10.68 and a 12 month high of $24.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.39.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. CECO Environmental had a return on equity of 11.57% and a net margin of 2.37%. The firm had revenue of $153.71 million during the quarter, compared to analyst estimates of $149.10 million. During the same period last year, the company posted $0.21 EPS. On average, sell-side analysts expect that CECO Environmental Corp. will post 0.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CECO shares. HC Wainwright raised their target price on CECO Environmental from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Northland Securities lifted their price objective on shares of CECO Environmental from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Roth Mkm upped their target price on shares of CECO Environmental from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Needham & Company LLC lifted their price target on CECO Environmental from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Four 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 target price of $26.50.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Laurie Siegel acquired 2,500 shares of the stock in a transaction dated Wednesday, March 6th. The shares were bought at an average price of $19.87 per share, with a total value of $49,675.00. Following the purchase, the director now directly owns 7,906 shares of the company’s stock, valued at approximately $157,092.22. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 15.80% of the stock is owned by corporate insiders.

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.