CECO Environmental Corp. (NASDAQ:CECO) Shares Sold by Continuum Advisory LLC

Continuum Advisory LLC reduced its position in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 33.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 74,886 shares of the company's stock after selling 37,444 shares during the period. Continuum Advisory LLC owned about 0.21% of CECO Environmental worth $1,707,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CECO. Bank of America Corp DE increased its holdings in shares of CECO Environmental by 118.8% during the 4th quarter. Bank of America Corp DE now owns 100,484 shares of the company's stock worth $3,038,000 after buying an additional 54,551 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of CECO Environmental during the 4th quarter worth $7,334,000. Rhumbline Advisers increased its holdings in shares of CECO Environmental by 3.8% during the 1st quarter. Rhumbline Advisers now owns 42,146 shares of the company's stock worth $961,000 after buying an additional 1,532 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of CECO Environmental by 52.2% during the 4th quarter. Deutsche Bank AG now owns 25,994 shares of the company's stock worth $786,000 after buying an additional 8,910 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of CECO Environmental by 18.8% during 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 buying an additional 13,930 shares during the last quarter. 68.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CECO Environmental 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 value of $513,000.00. Following the transaction, the insider now owns 62,160 shares in the company, valued at $1,417,248. The trade was a 26.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 16.90% of the stock is owned by corporate insiders.

CECO Environmental Stock Up 1.6%

CECO Environmental stock traded up $0.46 during trading on Tuesday, reaching $29.37. 244,744 shares of the company's stock were exchanged, compared to its average volume of 286,416. The company's 50-day moving average is $25.56 and its two-hundred day moving average is $26.27. 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 firm has a market cap of $1.04 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 2.00 and a beta of 1.35.

CECO Environmental (NASDAQ:CECO - Get Free Report) last announced 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 net margin of 7.80% and a return on equity of 10.10%. The firm had revenue of $176.70 million during the quarter, compared to analysts' expectations of $151.53 million. CECO Environmental's revenue for the quarter was up 39.9% on a year-over-year basis. On average, analysts predict that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on CECO. Needham & Company LLC upped their price objective on CECO Environmental from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. HC Wainwright upgraded shares of 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. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock 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.