66,601 Shares in CECO Environmental Corp. (NASDAQ:CECO) Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. acquired a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 66,601 shares of the company's stock, valued at approximately $1,519,000. Harbor Capital Advisors Inc. owned about 0.19% of CECO Environmental as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CECO. Bank of America Corp DE grew its holdings in shares of CECO Environmental by 118.8% in the 4th quarter. Bank of America Corp DE now owns 100,484 shares of the company's stock worth $3,038,000 after acquiring an additional 54,551 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of CECO Environmental in the 4th quarter worth $7,334,000. Van ECK Associates Corp grew 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 worth $16,267,000 after acquiring an additional 158,215 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of CECO Environmental by 52.2% in the 4th quarter. Deutsche Bank AG now owns 25,994 shares of the company's stock worth $786,000 after acquiring an additional 8,910 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of CECO Environmental by 18.8% in 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 acquiring an additional 13,930 shares during the last quarter. Institutional investors and hedge funds own 68.08% of the company's stock.

Insiders Place Their Bets

In other CECO Environmental news, insider Peter K. Johansson sold 22,500 shares of the business'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 owns 62,160 shares of the company's stock, valued at $1,417,248. The trade was a 26.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 18.40% of the company's stock.

Analysts Set New Price Targets

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

CECO Environmental Stock Up 5.6%

CECO traded up $1.55 during trading on Monday, reaching $29.30. 372,814 shares of the stock traded hands, compared to its average volume of 287,372. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 88.79, a price-to-earnings-growth ratio of 1.39 and a beta of 1.35. CECO Environmental Corp. has a fifty-two week low of $17.57 and a fifty-two week high of $35.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12. The stock's 50-day simple moving average is $24.51 and its two-hundred day simple moving average is $26.36.

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, meeting analysts' consensus estimates of $0.10. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The firm had revenue of $176.70 million during the quarter, compared to analysts' expectations of $151.53 million. The business's revenue was up 39.9% on a year-over-year basis. As a group, equities research analysts expect that CECO Environmental Corp. will post 0.67 EPS for the current 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.