Foundry Partners LLC Purchases 21,200 Shares of CECO Environmental Corp. (NASDAQ:CECO)

Foundry Partners LLC raised its holdings in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 14.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,670 shares of the company's stock after purchasing an additional 21,200 shares during the quarter. Foundry Partners LLC owned 0.49% of CECO Environmental worth $3,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CECO. Capital International Investors boosted its stake 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. Hood River Capital Management LLC raised its holdings in shares of CECO Environmental by 63.0% during the 4th 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 in the last quarter. Vanguard Group Inc. raised its holdings in shares of CECO Environmental by 0.6% during the 4th 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 in the last quarter. Geode Capital Management LLC grew its position in CECO Environmental by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 691,705 shares of the company's stock worth $20,916,000 after acquiring an additional 2,218 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in CECO Environmental by 6,409.3% during the 4th quarter. Voya Investment Management LLC now owns 645,853 shares of the company's stock worth $19,524,000 after acquiring an additional 635,931 shares during the last quarter. Institutional investors own 68.08% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CECO. Needham & Company LLC raised their price target on CECO Environmental from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. HC Wainwright upgraded CECO Environmental from a "neutral" rating to a "buy" rating and set a $33.00 price objective on the stock in a research report on Wednesday, April 30th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, CECO Environmental currently has an average rating of "Buy" and an average price target of $36.00.

CECO Environmental Stock Up 1.4%

Shares of NASDAQ CECO traded up $0.46 during mid-day trading on Tuesday, hitting $32.01. 80,955 shares of the stock traded hands, compared to its average volume of 270,123. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.52 and a current ratio of 1.71. CECO Environmental Corp. has a 52 week low of $17.57 and a 52 week high of $35.16. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 2.21 and a beta of 1.33. The stock has a fifty day moving average price of $28.49 and a 200-day moving average price of $26.14.

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 the consensus estimate of $0.10. CECO Environmental had a return on equity of 10.10% and a net margin of 7.80%. The firm had revenue of $176.70 million during the quarter, compared to analysts' expectations of $151.53 million. The company's quarterly revenue was up 39.9% compared to the same quarter last year. Research analysts anticipate that CECO Environmental Corp. will post 0.67 EPS 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.