Robeco Schweiz AG Sells 13,000 Shares of CECO Environmental Corp. (NASDAQ:CECO)

Robeco Schweiz AG decreased its stake in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 518,253 shares of the company's stock after selling 13,000 shares during the period. Robeco Schweiz AG owned 1.47% of CECO Environmental worth $11,816,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp grew its stake in shares of CECO Environmental by 127.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company's stock worth $90,000 after purchasing an additional 1,658 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of CECO Environmental by 0.8% in the 4th 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 during the last quarter. Raymond James Financial Inc. bought a new stake in shares of CECO Environmental in the 4th quarter valued at about $7,334,000. Amundi raised its position in shares of CECO Environmental by 5.2% in the 4th quarter. Amundi now owns 184,606 shares of the company's stock valued at $5,865,000 after acquiring an additional 9,184 shares during the period. Finally, Royce & Associates LP boosted its stake in CECO Environmental by 27.2% during the 4th quarter. Royce & Associates LP now owns 915,212 shares of the company's stock worth $27,667,000 after acquiring an additional 195,425 shares during the last quarter. Institutional investors and hedge funds own 68.08% of the company's stock.

CECO Environmental Stock Down 1.0%

Shares of NASDAQ:CECO traded down $0.30 during midday trading on Monday, reaching $30.36. 133,032 shares of the company were exchanged, compared to its average volume of 285,548. The firm has a market cap of $1.07 billion, a PE ratio of 23.54, a P/E/G ratio of 2.12 and a beta of 1.33. The company has a quick ratio of 1.52, a current ratio of 1.71 and a debt-to-equity ratio of 1.17. CECO Environmental Corp. has a fifty-two week low of $17.57 and a fifty-two week high of $35.16. The stock has a fifty day simple moving average of $27.90 and a two-hundred day simple moving average of $26.11.

CECO Environmental (NASDAQ:CECO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10. The business had revenue of $176.70 million during the quarter, compared to the consensus estimate of $151.53 million. CECO Environmental had a return on equity of 10.10% and a net margin of 7.80%. CECO Environmental's revenue was up 39.9% on a year-over-year basis. As a group, sell-side analysts forecast that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on CECO shares. HC Wainwright raised shares of CECO Environmental from a "neutral" rating to a "buy" rating and set a $33.00 target price for the company in a research note on Wednesday, April 30th. Needham & Company LLC upped their price objective on shares of CECO Environmental from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $36.00.

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.