North Star Investment Management Corp. Takes $1 Million Position in CECO Environmental Corp. (NASDAQ:CECO)

North Star Investment Management Corp. acquired a new position in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 44,000 shares of the company's stock, valued at approximately $1,003,000. North Star Investment Management Corp. owned 0.12% of CECO Environmental at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE raised its position in CECO Environmental by 118.8% in the 4th quarter. Bank of America Corp DE now owns 100,484 shares of the company's stock valued at $3,038,000 after purchasing an additional 54,551 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in CECO Environmental in the fourth quarter valued at approximately $7,334,000. Van ECK Associates Corp grew its holdings in CECO Environmental by 41.6% during 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 in the last quarter. Deutsche Bank AG increased its position 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 valued at $786,000 after purchasing an additional 8,910 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in CECO Environmental by 18.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,137 shares of the company's stock valued at $2,664,000 after buying an additional 13,930 shares during the last quarter. 68.08% of the stock is currently owned by institutional investors and hedge funds.

CECO Environmental Stock Down 0.4%

CECO Environmental stock opened at $27.75 on Monday. The stock has a 50 day moving average of $24.31 and a two-hundred day moving average of $26.38. CECO Environmental Corp. has a twelve month low of $17.57 and a twelve month high of $35.16. The stock has a market capitalization of $978.69 million, a price-to-earnings ratio of 84.09, a PEG ratio of 1.39 and a beta of 1.35. 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 issued 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. 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 the consensus estimate of $151.53 million. CECO Environmental's quarterly revenue was up 39.9% on a year-over-year basis. As a group, research analysts expect that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

Insider Transactions at CECO Environmental

In other CECO Environmental news, insider Peter K. Johansson sold 22,500 shares of the business's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $22.80, for a total transaction of $513,000.00. Following the transaction, the insider now owns 62,160 shares in the company, valued at approximately $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 accessible through the SEC website. Company insiders own 18.40% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CECO shares. Needham & Company LLC upped 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. HC Wainwright upgraded shares of CECO Environmental from a "neutral" rating to a "buy" rating and set a $33.00 price target for the company in a research report on Wednesday, April 30th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CECO Environmental currently has a consensus rating of "Buy" and an average target price of $36.00.

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.

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