CECO Environmental Corp. (NASDAQ:CECO) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its stake in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 72.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,429 shares of the company's stock after selling 315,032 shares during the period. Nuveen Asset Management LLC owned 0.34% of CECO Environmental worth $3,610,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CECO. Heck Capital Advisors LLC purchased a new stake in shares of CECO Environmental in the fourth quarter worth about $74,000. Jones Financial Companies Lllp boosted its position in CECO Environmental by 127.0% during the fourth 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 in the last quarter. KLP Kapitalforvaltning AS purchased a new position in CECO Environmental during the fourth quarter worth approximately $218,000. Bard Associates Inc. purchased a new position in CECO Environmental during the fourth quarter worth approximately $251,000. Finally, Two Sigma Securities LLC purchased a new position in CECO Environmental during the fourth quarter worth approximately $262,000. 68.08% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Peter K. Johansson sold 22,500 shares of the company's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $22.80, for a total value of $513,000.00. Following the completion of the sale, the insider now directly owns 62,160 shares of the company's stock, valued at $1,417,248. This represents a 26.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 18.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CECO. Needham & Company LLC increased their target price on CECO Environmental from $33.00 to $34.00 and gave the company a "buy" rating in a report 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 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 target price of $36.00.

CECO Environmental Stock Up 0.1%

NASDAQ:CECO traded up $0.04 during midday trading on Thursday, reaching $26.76. The company had a trading volume of 316,559 shares, compared to its average volume of 285,335. The firm has a market capitalization of $943.77 million, a price-to-earnings ratio of 81.09, a PEG ratio of 1.39 and a beta of 1.31. The stock's fifty day simple moving average is $23.51 and its 200-day simple moving average is $26.62. CECO Environmental Corp. has a 12-month low of $17.57 and a 12-month high of $35.16. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50.

CECO Environmental (NASDAQ:CECO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting 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 11.12% and a net margin of 2.16%. The firm's quarterly revenue was up 39.9% on a year-over-year basis. On average, sell-side analysts anticipate that CECO Environmental Corp. will post 0.67 earnings per share 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.