Calamos Advisors LLC Sells 95,197 Shares of CECO Environmental Corp. (NASDAQ:CECO)

Calamos Advisors LLC cut its holdings in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 84.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,878 shares of the company's stock after selling 95,197 shares during the quarter. Calamos Advisors LLC's holdings in CECO Environmental were worth $385,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CECO. Mackenzie Financial Corp bought a new position in shares of CECO Environmental in the 4th quarter worth $56,000. Heck Capital Advisors LLC bought a new position in shares of CECO Environmental in the 4th quarter worth $74,000. Jones Financial Companies Lllp boosted its position in shares of CECO Environmental by 127.0% in the 4th 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 bought a new position in shares of CECO Environmental in the 4th quarter worth $218,000. Finally, ProShare Advisors LLC bought a new position in shares of CECO Environmental in the 4th quarter worth $249,000. Institutional investors and hedge funds own 68.08% of the company's stock.

CECO Environmental Stock Performance

Shares of CECO Environmental stock traded down $0.16 on Thursday, hitting $30.76. The stock had a trading volume of 236,776 shares, compared to its average volume of 274,594. CECO Environmental Corp. has a twelve month low of $17.57 and a twelve month high of $35.16. The business's 50 day moving average is $27.68 and its two-hundred day moving average is $26.14. The company has a quick ratio of 1.52, a current ratio of 1.71 and a debt-to-equity ratio of 1.17. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 2.05 and a beta of 1.33.

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, meeting the consensus estimate of $0.10. The business had revenue of $176.70 million during the quarter, compared to analysts' expectations of $151.53 million. CECO Environmental had a return on equity of 10.10% and a net margin of 7.80%. The firm's revenue for the quarter was up 39.9% on a year-over-year basis. Analysts forecast that CECO Environmental Corp. will post 0.67 EPS for the current year.

Analysts Set New Price Targets

CECO has been the topic of several recent analyst reports. HC Wainwright upgraded CECO Environmental from a "neutral" rating to a "buy" rating and set a $33.00 target price on the stock in a report 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 report on Wednesday, April 30th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CECO Environmental presently has an average rating of "Buy" and a consensus target price of $36.00.

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.