CECO Environmental Corp. (NASDAQ:CECO) Stock Position Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 18.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,137 shares of the company's stock after acquiring an additional 13,930 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of CECO Environmental worth $2,664,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its holdings in CECO Environmental by 118.8% in the fourth quarter. Bank of America Corp DE now owns 100,484 shares of the company's stock worth $3,038,000 after purchasing an additional 54,551 shares during the period. Raymond James Financial Inc. acquired a new position in shares of CECO Environmental in the 4th quarter valued at about $7,334,000. Van ECK Associates Corp boosted its holdings in shares of CECO Environmental by 41.6% in the 4th quarter. Van ECK Associates Corp now owns 538,092 shares of the company's stock valued at $16,267,000 after buying an additional 158,215 shares during the period. Deutsche Bank AG grew its position 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 valued at $786,000 after buying an additional 8,910 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in CECO Environmental by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 237,464 shares of the company's stock worth $7,179,000 after acquiring an additional 1,967 shares during the period. 68.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CECO shares. Needham & Company LLC lifted their target price on CECO Environmental from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. HC Wainwright upgraded CECO Environmental from a "neutral" rating to a "buy" rating and set a $33.00 price objective for the company in a research report on Wednesday, April 30th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $36.00.

CECO Environmental Trading Up 0.1%

CECO Environmental stock opened at $26.76 on Friday. CECO Environmental Corp. has a 52-week low of $17.57 and a 52-week high of $35.16. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. 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 1.35. The firm has a 50-day moving average price of $23.51 and a two-hundred day moving average price of $26.62.

CECO Environmental (NASDAQ:CECO - Get Free Report) last issued 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. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The business had revenue of $176.70 million during the quarter, compared to the consensus estimate of $151.53 million. CECO Environmental's quarterly revenue was up 39.9% on a year-over-year basis. Sell-side analysts expect that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

Insider Transactions at CECO Environmental

In related news, insider Peter K. Johansson sold 22,500 shares of CECO Environmental stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $22.80, for a total transaction of $513,000.00. Following the sale, the insider now directly owns 62,160 shares in the company, valued at $1,417,248. The trade was a 26.58% decrease in their ownership of the stock. 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.

About CECO Environmental

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.