CECO Environmental Corp. (NASDAQ:CECO) Shares Sold by Barclays PLC

Barclays PLC trimmed its holdings in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 17.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,616 shares of the company's stock after selling 10,999 shares during the quarter. Barclays PLC owned about 0.15% of CECO Environmental worth $1,590,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC purchased a new position in shares of CECO Environmental during the 4th quarter worth $74,000. Jones Financial Companies Lllp increased its position in CECO Environmental by 127.0% during the fourth 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. KLP Kapitalforvaltning AS purchased a new position in CECO Environmental during the fourth quarter worth about $218,000. Bard Associates Inc. acquired a new position in CECO Environmental in the 4th quarter valued at about $251,000. Finally, Intech Investment Management LLC purchased a new stake in shares of CECO Environmental in the 4th quarter valued at approximately $371,000. Hedge funds and other institutional investors own 68.08% of the company's stock.

Analyst Upgrades and Downgrades

CECO has been the topic of a number of recent analyst reports. HC Wainwright upgraded CECO Environmental from a "neutral" rating to a "buy" rating and set a $33.00 price objective on the stock in a report on Wednesday, April 30th. Needham & Company LLC upped their price target on CECO Environmental from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $36.00.

Insider Buying and Selling

In other news, Director Richard F. Wallman acquired 1,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of $25.15 per share, with a total value of $25,150.00. Following the transaction, the director now owns 207,117 shares in the company, valued at approximately $5,208,992.55. This trade represents a 0.49 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Peter K. Johansson sold 22,500 shares of the company's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $22.80, for a total value of $513,000.00. Following the transaction, the insider now directly owns 62,160 shares of the company's stock, valued at approximately $1,417,248. This represents a 26.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.40% of the stock is currently owned by insiders.

CECO Environmental Trading Up 0.5 %

Shares of NASDAQ:CECO traded up $0.13 during mid-day trading on Thursday, reaching $25.55. 30,457 shares of the company were exchanged, compared to its average volume of 286,952. CECO Environmental Corp. has a 1 year low of $17.57 and a 1 year high of $35.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12. The firm's 50-day simple moving average is $22.23 and its 200 day simple moving average is $26.39. The firm has a market cap of $901.10 million, a price-to-earnings ratio of 77.43, a P/E/G ratio of 1.39 and a beta of 1.31.

CECO Environmental (NASDAQ:CECO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The business had revenue of $176.70 million for the quarter, compared to analysts' expectations of $151.53 million. The company's quarterly revenue was up 39.9% compared to the same quarter last year. Equities research analysts forecast that CECO Environmental Corp. will post 0.67 EPS for the current year.

CECO Environmental Company 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.