Invesco Ltd. Boosts Stake in CECO Environmental Corp. (NASDAQ:CECO)

Invesco Ltd. grew its position in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 486,130 shares of the company's stock after acquiring an additional 19,697 shares during the period. Invesco Ltd. owned about 1.39% of CECO Environmental worth $14,696,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CECO. Wells Fargo & Company MN raised its position in CECO Environmental by 2.4% during the 4th quarter. Wells Fargo & Company MN now owns 134,656 shares of the company's stock valued at $4,071,000 after purchasing an additional 3,139 shares during the last quarter. Foundry Partners LLC increased its stake in shares of CECO Environmental by 66.4% during the fourth quarter. Foundry Partners LLC now owns 151,470 shares of the company's stock valued at $4,579,000 after buying an additional 60,430 shares during the period. Geode Capital Management LLC raised its holdings in shares of CECO Environmental by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 691,705 shares of the company's stock valued at $20,916,000 after acquiring an additional 2,218 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in CECO Environmental by 15.9% in the fourth quarter. Loomis Sayles & Co. L P now owns 445,352 shares of the company's stock worth $13,463,000 after acquiring an additional 61,156 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in CECO Environmental by 15.3% in the fourth quarter. JPMorgan Chase & Co. now owns 16,894 shares of the company's stock valued at $511,000 after acquiring an additional 2,236 shares in the last quarter. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, insider Peter K. Johansson sold 22,500 shares of CECO Environmental stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $22.80, for a total value of $513,000.00. Following the completion of the transaction, the insider now directly owns 62,160 shares of the company's stock, valued at approximately $1,417,248. The trade was a 26.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard F. Wallman bought 1,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $25.15 per share, for a total transaction of $25,150.00. Following the purchase, the director now owns 207,117 shares of the company's stock, valued at approximately $5,208,992.55. This represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. 16.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CECO shares. HC Wainwright reaffirmed a "neutral" rating on shares of CECO Environmental in a research report on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and issued a $33.00 price objective on shares of CECO Environmental in a report on Wednesday, February 26th. Finally, Craig Hallum upped their target price on CECO Environmental from $34.00 to $40.00 and gave the stock a "buy" rating in a report on Monday, January 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $36.20.

CECO Environmental Stock Down 0.2 %

NASDAQ CECO traded down $0.04 during trading hours on Friday, reaching $19.36. 50,110 shares of the company's stock traded hands, compared to its average volume of 287,855. CECO Environmental Corp. has a 52-week low of $17.57 and a 52-week 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 has a 50-day simple moving average of $22.36 and a 200 day simple moving average of $26.61. The firm has a market cap of $681.80 million, a PE ratio of 58.61, a PEG ratio of 1.39 and a beta of 1.30.

CECO Environmental (NASDAQ:CECO - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $158.60 million during the quarter, compared to analyst estimates of $156.09 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The business's revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. Sell-side analysts anticipate that CECO Environmental Corp. will post 0.67 EPS for the current fiscal 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.