CECO Environmental Corp. (NASDAQ:CECO) Shares Acquired 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 holdings in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,137 shares of the company's stock after purchasing an additional 13,930 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of CECO Environmental worth $2,664,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its position in shares of CECO Environmental by 127.0% in the 4th quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company's stock valued at $90,000 after purchasing an additional 1,658 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in CECO Environmental during the 4th quarter valued at approximately $218,000. ProShare Advisors LLC acquired a new position in CECO Environmental during the 4th quarter valued at approximately $249,000. Bard Associates Inc. purchased a new position in shares of CECO Environmental in the fourth quarter worth $251,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of CECO Environmental during the fourth quarter worth $262,000. Institutional investors and hedge funds own 68.08% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CECO. HC Wainwright raised CECO Environmental from a "neutral" rating to a "buy" rating and set a $33.00 target price on the stock in a research report on Wednesday, April 30th. Needham & Company LLC increased their price objective on CECO Environmental from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Five 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 Performance

Shares of NASDAQ:CECO traded up $1.01 during midday trading on Monday, reaching $27.20. The company's stock had a trading volume of 356,780 shares, compared to its average volume of 285,372. 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 stock has a fifty day moving average of $23.57 and a 200 day moving average of $26.55. CECO Environmental Corp. has a twelve month low of $17.57 and a twelve month high of $35.16. The firm has a market capitalization of $959.29 million, a PE ratio of 82.43, a P/E/G ratio of 1.39 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 the consensus estimate of $0.10. The company had revenue of $176.70 million for 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% compared to the same quarter last year. On average, equities analysts expect that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 18.40% of the stock is owned by corporate insiders.

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.