CECO Environmental Corp. (NASDAQ:CECO) Shares Acquired by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd boosted its position in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 86.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 66,098 shares of the company's stock after purchasing an additional 30,598 shares during the quarter. CECO Environmental comprises approximately 1.0% of Gordian Capital Singapore Pte Ltd's investment portfolio, making the stock its 20th largest position. Gordian Capital Singapore Pte Ltd owned about 0.19% of CECO Environmental worth $1,998,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of CECO Environmental by 18.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,137 shares of the company's stock worth $2,664,000 after acquiring an additional 13,930 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of CECO Environmental in the 4th quarter worth $949,000. State of Wyoming increased its stake in shares of CECO Environmental by 21.7% in the 4th quarter. State of Wyoming now owns 27,156 shares of the company's stock worth $821,000 after acquiring an additional 4,844 shares during the last quarter. Redwood Investments LLC increased its stake in shares of CECO Environmental by 20.3% in the 4th quarter. Redwood Investments LLC now owns 87,503 shares of the company's stock worth $2,645,000 after acquiring an additional 14,742 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new stake in shares of CECO Environmental in the 4th quarter worth $249,000. 68.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CECO has been the subject of a number of recent research reports. Needham & Company LLC raised 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. HC Wainwright raised 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. Five investment 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 price target of $36.00.

Insider Activity

In other CECO Environmental news, insider Peter K. Johansson sold 22,500 shares of CECO Environmental stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $22.80, for a total transaction of $513,000.00. Following the transaction, the insider now owns 62,160 shares of the company's stock, valued at $1,417,248. The trade was a 26.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard F. Wallman purchased 1,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $25.15 per share, for a total transaction of $25,150.00. Following the transaction, the director now owns 207,117 shares of the company's stock, valued at $5,208,992.55. This trade represents a 0.49% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 18.40% of the company's stock.

CECO Environmental Trading Up 3.5%

Shares of NASDAQ:CECO traded up $0.97 during midday trading on Tuesday, reaching $28.28. 59,264 shares of the company's stock were exchanged, compared to its average volume of 284,694. The firm's 50 day simple moving average is $22.97 and its two-hundred day simple moving average is $26.56. 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 stock has a market cap of $997.20 million, a price-to-earnings ratio of 85.68, a P/E/G ratio of 1.39 and a beta of 1.31. CECO Environmental Corp. has a fifty-two week low of $17.57 and a fifty-two week high of $35.16.

CECO Environmental (NASDAQ:CECO - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $176.70 million during the quarter, compared to the consensus estimate of $151.53 million. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. CECO Environmental's quarterly revenue was up 39.9% on a year-over-year basis. As a group, sell-side analysts forecast that CECO Environmental Corp. will post 0.67 EPS for the current fiscal 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.