Bard Associates Inc. Makes New Investment in CECO Environmental Corp. (NASDAQ:CECO)

Bard Associates Inc. bought a new position in shares of CECO Environmental Corp. (NASDAQ:CECO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,315 shares of the company’s stock, valued at approximately $251,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. boosted its holdings in shares of CECO Environmental by 71.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,416 shares of the company’s stock worth $40,000 after purchasing an additional 591 shares during the last quarter. Quest Partners LLC acquired a new position in shares of CECO Environmental during the 3rd quarter worth approximately $69,000. Heck Capital Advisors LLC acquired a new position in shares of CECO Environmental during the 4th quarter worth approximately $74,000. Morse Asset Management Inc acquired a new position in shares of CECO Environmental during the 3rd quarter worth approximately $76,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of CECO Environmental by 127.0% during the 4th quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company’s stock worth $90,000 after purchasing an additional 1,658 shares during the last quarter. 68.08% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Richard F. Wallman acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $25.15 per share, with a total value of $25,150.00. Following the completion of the transaction, the director now owns 207,117 shares of the company’s stock, valued at $5,208,992.55. The trade was a 0.49 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 16.90% of the stock is owned by insiders.

CECO Environmental Trading Down 2.3 %

CECO opened at $24.32 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.30. The business’s 50 day moving average price is $28.33 and its 200 day moving average price is $28.21. CECO Environmental Corp. has a one year low of $18.50 and a one year high of $35.16. The stock has a market capitalization of $850.96 million, a PE ratio of 73.70, a P/E/G ratio of 1.39 and a beta of 1.41.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The company had revenue of $158.60 million for the quarter, compared to analysts’ expectations of $156.09 million. During the same period in the prior year, the firm earned $0.28 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts expect that CECO Environmental Corp. will post 0.67 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CECO. Needham & Company LLC restated a “buy” rating and set a $33.00 target price on shares of CECO Environmental in a report on Wednesday, February 26th. Craig Hallum upped their price objective on CECO Environmental from $34.00 to $40.00 and gave the company a “buy” rating in a report on Monday, January 6th. HC Wainwright reiterated a “neutral” rating on shares of CECO Environmental in a report on Wednesday, February 26th. Finally, Northland Securities upped their price objective on CECO Environmental from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, December 20th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, CECO Environmental has a consensus rating of “Moderate Buy” and a consensus price target of $36.20.

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.