Robeco Schweiz AG Reduces Stock Holdings in CECO Environmental Corp. (NASDAQ:CECO)

Robeco Schweiz AG lowered its stake in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 518,253 shares of the company's stock after selling 13,000 shares during the quarter. Robeco Schweiz AG owned about 1.47% of CECO Environmental worth $11,816,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Capital International Investors lifted its position in CECO Environmental by 12.1% in the fourth quarter. Capital International Investors now owns 1,971,334 shares of the company's stock valued at $59,593,000 after buying an additional 212,476 shares during the last quarter. Hood River Capital Management LLC lifted its position in CECO Environmental by 63.0% in the fourth quarter. Hood River Capital Management LLC now owns 1,740,740 shares of the company's stock valued at $52,623,000 after buying an additional 673,050 shares during the last quarter. Vanguard Group Inc. lifted its position in CECO Environmental by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 1,648,674 shares of the company's stock valued at $49,839,000 after buying an additional 9,023 shares during the last quarter. Royce & Associates LP lifted its position in CECO Environmental by 27.2% in the fourth quarter. Royce & Associates LP now owns 915,212 shares of the company's stock valued at $27,667,000 after buying an additional 195,425 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in CECO Environmental by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 691,705 shares of the company's stock valued at $20,916,000 after buying an additional 2,218 shares during the last quarter. Institutional investors and hedge funds own 68.08% of the company's stock.

CECO Environmental Stock Down 0.3%

Shares of CECO stock traded down $0.10 during trading hours on Friday, reaching $30.66. 154,395 shares of the stock were exchanged, compared to its average volume of 274,731. The business's fifty day moving average is $27.90 and its two-hundred day moving average is $26.16. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.71 and a quick ratio of 1.52. CECO Environmental Corp. has a 12-month low of $17.57 and a 12-month high of $35.16. The firm has a market capitalization of $1.08 billion, a P/E ratio of 23.77, a P/E/G ratio of 2.13 and a beta of 1.33.

CECO Environmental (NASDAQ:CECO - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, hitting analysts' consensus estimates of $0.10. CECO Environmental had a net margin of 7.80% and a return on equity of 10.10%. The firm had revenue of $176.70 million for the quarter, compared to analyst estimates of $151.53 million. The firm's revenue was up 39.9% compared to the same quarter last year. As a group, research analysts expect that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CECO has been the topic of several research reports. Needham & Company LLC increased their price target on shares of 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 raised shares of CECO Environmental from a "neutral" rating to a "buy" rating and set a $33.00 price target on the stock in a research report on Wednesday, April 30th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus 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.