Deutsche Bank AG Has $786,000 Holdings in CECO Environmental Corp. (NASDAQ:CECO)

Deutsche Bank AG lifted its holdings in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 52.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,994 shares of the company's stock after buying an additional 8,910 shares during the period. Deutsche Bank AG owned about 0.07% of CECO Environmental worth $786,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in CECO Environmental in the fourth quarter valued at about $7,334,000. Van ECK Associates Corp increased its holdings in CECO Environmental by 41.6% in the fourth quarter. Van ECK Associates Corp now owns 538,092 shares of the company's stock worth $16,267,000 after buying an additional 158,215 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position 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 valued at $7,179,000 after acquiring an additional 1,967 shares in the last quarter. Sei Investments Co. lifted its stake in CECO Environmental by 15.9% in the fourth quarter. Sei Investments Co. now owns 110,124 shares of the company's stock valued at $3,329,000 after acquiring an additional 15,104 shares during the last quarter. Finally, Barclays PLC grew its position in CECO Environmental by 115.0% in the third quarter. Barclays PLC now owns 63,615 shares of the company's stock worth $1,795,000 after acquiring an additional 34,027 shares in the last quarter. Hedge funds and other institutional investors own 68.08% of the company's stock.

Insider Buying and Selling

In other CECO Environmental news, insider Peter K. Johansson sold 5,601 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $24.15, for a total transaction of $135,264.15. Following the transaction, the insider now owns 84,660 shares in the company, valued at approximately $2,044,539. This trade represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 18.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CECO shares. Needham & Company LLC boosted 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 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, the stock presently has an average rating of "Buy" and a consensus target price of $36.00.

CECO Environmental Stock Performance

Shares of CECO Environmental stock traded down $0.19 during trading on Friday, reaching $27.15. The company's stock had a trading volume of 310,750 shares, compared to its average volume of 284,394. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.30. The firm has a market cap of $957.53 million, a price-to-earnings ratio of 82.28, a price-to-earnings-growth ratio of 1.39 and a beta of 1.31. The business's fifty day moving average price is $23.18 and its 200-day moving average price is $26.60. CECO Environmental Corp. has a one year low of $17.57 and a one year high of $35.16.

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 (EPS) for the quarter, meeting 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 for the quarter, compared to analysts' expectations of $151.53 million. The business's quarterly revenue was up 39.9% on a year-over-year basis. As a group, equities research analysts predict that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

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.