Expect Equity LLC Purchases Shares of 108,055 CECO Environmental Corp. (NASDAQ:CECO)

Expect Equity LLC purchased a new position in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 108,055 shares of the company's stock, valued at approximately $3,267,000. CECO Environmental comprises 3.4% of Expect Equity LLC's holdings, making the stock its 6th biggest holding. Expect Equity LLC owned approximately 0.31% of CECO Environmental at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Capital International Investors boosted its stake in shares of CECO Environmental by 12.1% in the fourth quarter. Capital International Investors now owns 1,971,334 shares of the company's stock valued at $59,593,000 after buying an additional 212,476 shares during the period. Hood River Capital Management LLC boosted its stake in shares of CECO Environmental by 63.0% in the fourth quarter. Hood River Capital Management LLC now owns 1,740,740 shares of the company's stock valued at $52,623,000 after buying an additional 673,050 shares during the period. Vanguard Group Inc. boosted its stake in shares of CECO Environmental by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 1,648,674 shares of the company's stock valued at $49,839,000 after buying an additional 9,023 shares during the period. King Luther Capital Management Corp boosted its stake in shares of CECO Environmental by 2.3% in the fourth quarter. King Luther Capital Management Corp now owns 1,033,789 shares of the company's stock valued at $31,251,000 after buying an additional 23,239 shares during the period. Finally, Royce & Associates LP lifted its stake in CECO Environmental by 27.2% during the fourth quarter. Royce & Associates LP now owns 915,212 shares of the company's stock worth $27,667,000 after purchasing an additional 195,425 shares during the last quarter. Institutional investors own 68.08% of the company's stock.

Insider Buying and Selling

In other news, insider Peter K. Johansson sold 22,500 shares of the business's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $22.80, for a total transaction of $513,000.00. Following the completion of the transaction, the insider now directly owns 62,160 shares in the company, valued at $1,417,248. The trade was a 26.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman bought 1,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was bought 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 directly owns 207,117 shares of the company's stock, valued at $5,208,992.55. This represents a 0.49% increase in their position. The disclosure for this purchase can be found here. 18.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CECO shares. HC Wainwright upgraded CECO Environmental from a "neutral" rating to a "buy" rating and set a $33.00 target price for the company in a research note on Wednesday, April 30th. Needham & Company LLC upped their target price on CECO Environmental from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $36.00.

CECO Environmental Trading Down 0.2%

CECO Environmental stock traded down $0.06 during trading hours on Wednesday, reaching $26.27. 120,439 shares of the company's stock were exchanged, compared to its average volume of 285,714. The firm's 50 day simple moving average is $22.32 and its 200 day simple moving average is $26.36. CECO Environmental Corp. has a twelve month low of $17.57 and a twelve month high of $35.16. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $926.49 million, a PE ratio of 79.61, a PEG ratio of 1.39 and a beta of 1.31.

CECO Environmental (NASDAQ:CECO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share 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 business had revenue of $176.70 million for the quarter, compared to the consensus estimate of $151.53 million. CECO Environmental's revenue for the quarter was up 39.9% on a year-over-year basis. Research analysts predict that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

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.