Dimensional Fund Advisors LP Has $44.45 Million Stock Position in CECO Environmental Corp. (NASDAQ:CECO)

Dimensional Fund Advisors LP decreased its stake in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,470,460 shares of the company's stock after selling 307,042 shares during the period. Dimensional Fund Advisors LP owned about 4.20% of CECO Environmental worth $44,453,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CECO. Raymond James Financial Inc. purchased a new stake in CECO Environmental during the fourth quarter valued at $7,334,000. Capital International Investors raised its holdings in CECO Environmental by 12.1% in the 4th quarter. Capital International Investors now owns 1,971,334 shares of the company's stock worth $59,593,000 after purchasing an additional 212,476 shares during the period. Peregrine Capital Management LLC purchased a new stake in CECO Environmental during the 4th quarter worth approximately $6,278,000. Thrivent Financial for Lutherans lifted its holdings in CECO Environmental by 53.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 584,712 shares of the company's stock valued at $17,676,000 after purchasing an additional 204,392 shares in the last quarter. Finally, Advantage Alpha Capital Partners LP acquired a new stake in CECO Environmental in the 4th quarter valued at about $5,952,000. Hedge funds and other institutional investors own 68.08% of the company's stock.

Insiders Place Their Bets

In other CECO Environmental news, Director Richard F. Wallman acquired 1,000 shares of CECO Environmental stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $25.15 per share, for a total transaction 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter K. Johansson sold 5,601 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $24.15, for a total value of $135,264.15. Following the sale, the insider now directly owns 84,660 shares of the company's stock, valued at approximately $2,044,539. This represents a 6.21 % 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 Down 2.6 %

NASDAQ:CECO traded down $0.66 on Friday, reaching $24.84. The stock had a trading volume of 42,000 shares, compared to its average volume of 286,119. CECO Environmental Corp. has a 12-month low of $17.57 and a 12-month high of $35.16. The firm's fifty day moving average is $22.25 and its two-hundred day moving average is $26.38. The company has a market cap of $876.06 million, a price-to-earnings ratio of 75.28, a P/E/G ratio of 1.39 and a beta of 1.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12.

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 analysts' consensus estimates of $0.10. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The firm had revenue of $176.70 million for the quarter, compared to analyst estimates of $151.53 million. The firm's revenue was up 39.9% on a year-over-year basis. Equities analysts expect that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CECO. HC Wainwright upgraded shares of CECO Environmental from a "neutral" rating to a "buy" rating and set a $33.00 price target for the company in a research report on Wednesday, April 30th. Needham & Company LLC boosted their target price on shares of CECO Environmental from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, CECO Environmental presently has an average rating of "Buy" and an average target price of $36.00.

CECO Environmental 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.