CECE has been the topic of several other reports. Zacks Investment Research upgraded shares of CECO Environmental Corp. from a sell rating to a hold rating in a research note on Tuesday, July 18th. ValuEngine lowered shares of CECO Environmental Corp. from a buy rating to a hold rating in a research note on Friday, September 1st. BidaskClub lowered shares of CECO Environmental Corp. from a sell rating to a strong sell rating in a research note on Thursday, July 27th. Finally, William Blair lowered shares of CECO Environmental Corp. from an outperform rating to a market perform rating in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $12.33.
Shares of CECO Environmental Corp. (CECE) traded up $0.01 during mid-day trading on Thursday, reaching $5.96. 779,500 shares of the company’s stock traded hands, compared to its average volume of 190,905. The company has a quick ratio of 1.33, a current ratio of 1.57 and a debt-to-equity ratio of 0.54. CECO Environmental Corp. has a 12-month low of $5.40 and a 12-month high of $14.88. The firm has a market cap of $206.51, a price-to-earnings ratio of 9.02, a P/E/G ratio of 0.72 and a beta of 1.46.
CECO Environmental Corp. (NASDAQ:CECE) last issued its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). CECO Environmental Corp. had a negative net margin of 11.47% and a positive return on equity of 11.91%. The business had revenue of $85.00 million during the quarter, compared to analyst estimates of $92.66 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue was down 16.3% on a year-over-year basis. equities analysts expect that CECO Environmental Corp. will post 0.55 earnings per share for the current fiscal year.
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In other news, Director Jason Dezwirek acquired 25,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were bought at an average cost of $7.27 per share, for a total transaction of $181,750.00. Following the purchase, the director now directly owns 1,410,616 shares of the company’s stock, valued at $10,255,178.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan Pollack acquired 6,800 shares of the stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of $7.31 per share, for a total transaction of $49,708.00. Following the completion of the purchase, the director now directly owns 26,146 shares in the company, valued at $191,127.26. The disclosure for this purchase can be found here. Insiders have bought a total of 36,800 shares of company stock worth $259,428 over the last 90 days. 14.30% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in CECE. American Century Companies Inc. increased its stake in shares of CECO Environmental Corp. by 446.1% during the 3rd quarter. American Century Companies Inc. now owns 635,963 shares of the industrial products company’s stock worth $5,380,000 after purchasing an additional 519,504 shares during the last quarter. Trigran Investments Inc. increased its stake in shares of CECO Environmental Corp. by 26.1% during the 2nd quarter. Trigran Investments Inc. now owns 2,084,082 shares of the industrial products company’s stock worth $19,132,000 after purchasing an additional 431,432 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CECO Environmental Corp. by 20.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,649,009 shares of the industrial products company’s stock worth $17,331,000 after purchasing an additional 279,323 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of CECO Environmental Corp. by 13.9% during the 1st quarter. Vanguard Group Inc. now owns 1,203,960 shares of the industrial products company’s stock worth $12,654,000 after purchasing an additional 146,895 shares during the last quarter. Finally, Bowling Portfolio Management LLC acquired a new position in shares of CECO Environmental Corp. during the 2nd quarter worth about $1,095,000. Institutional investors own 67.77% of the company’s stock.
CECO Environmental Corp. Company Profile
CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems.
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