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

Robeco Schweiz AG trimmed its holdings in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 2.4% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor 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 reporting period.

Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in CECO Environmental by 127.0% in 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 last quarter. Charles Schwab Investment Management Inc. boosted its position in CECO Environmental by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 237,464 shares of the company's stock worth $7,179,000 after purchasing an additional 1,967 shares during the last quarter. Raymond James Financial Inc. purchased a new position in CECO Environmental in the fourth quarter worth about $7,334,000. Amundi boosted its position in CECO Environmental by 5.2% in the fourth quarter. Amundi now owns 184,606 shares of the company's stock worth $5,865,000 after purchasing an additional 9,184 shares during the last quarter. Finally, Royce & Associates LP boosted 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 worth $27,667,000 after purchasing an additional 195,425 shares during the last quarter. 68.08% of the stock is currently owned by institutional investors.

CECO Environmental Trading Down 0.5%

Shares of NASDAQ:CECO opened at $30.76 on Friday. The stock has a 50 day moving average of $27.81 and a 200 day moving average of $26.15. The company has a market cap of $1.08 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 2.14 and a beta of 1.33. The company has a current ratio of 1.71, a quick ratio of 1.52 and a debt-to-equity ratio of 1.17. CECO Environmental Corp. has a 12-month low of $17.57 and a 12-month 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 EPS for the quarter, hitting analysts' consensus estimates of $0.10. CECO Environmental had a return on equity of 10.10% and a net margin of 7.80%. The company had revenue of $176.70 million for the quarter, compared to analysts' expectations of $151.53 million. CECO Environmental's quarterly 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.

Analyst Ratings Changes

Several brokerages have issued reports on CECO. Needham & Company LLC lifted their price objective on CECO Environmental from $33.00 to $34.00 and gave the company 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 price objective for the company in a research note on Wednesday, April 30th. Five analysts have rated the stock with a buy rating, According to MarketBeat, CECO Environmental has an average rating of "Buy" and a consensus price target 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.

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