9,508 Shares in CECO Environmental Corp. (NASDAQ:CECO) Purchased by XTX Topco Ltd

XTX Topco Ltd purchased a new position in CECO Environmental Corp. (NASDAQ:CECO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,508 shares of the company's stock, valued at approximately $217,000.

A number of other institutional investors also recently bought and sold shares of CECO. JPMorgan Chase & Co. lifted its position in CECO Environmental by 15.3% in the fourth quarter. JPMorgan Chase & Co. now owns 16,894 shares of the company's stock worth $511,000 after buying an additional 2,236 shares during the last quarter. 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 worth $20,916,000 after buying an additional 2,218 shares during the last quarter. Wells Fargo & Company MN lifted its position in CECO Environmental by 2.4% in the fourth quarter. Wells Fargo & Company MN now owns 134,656 shares of the company's stock worth $4,071,000 after buying an additional 3,139 shares during the last quarter. Invesco Ltd. lifted its position in CECO Environmental by 4.2% in the fourth quarter. Invesco Ltd. now owns 486,130 shares of the company's stock worth $14,696,000 after buying an additional 19,697 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in CECO Environmental in the fourth quarter worth $7,334,000. 68.08% of the stock is currently owned by institutional investors.

Insider Transactions at CECO Environmental

In other news, Director Claudio A. Mannarino sold 20,000 shares of the business's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $41.51, for a total transaction of $830,200.00. Following the sale, the director owned 77,589 shares in the company, valued at approximately $3,220,719.39. The trade was a 20.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jason Dezwirek sold 30,000 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $43.54, for a total value of $1,306,200.00. Following the sale, the director owned 200,000 shares in the company, valued at $8,708,000. The trade was a 13.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,000 shares of company stock worth $5,128,900 in the last 90 days. Insiders own 18.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Needham & Company LLC lifted their target price on CECO Environmental from $34.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Northland Securities set a $51.00 target price on CECO Environmental in a research report on Wednesday, July 30th. Citigroup reiterated an "outperform" rating on shares of CECO Environmental in a research report on Wednesday, July 30th. Lake Street Capital restated a "buy" rating and issued a $56.00 price objective on shares of CECO Environmental in a report on Wednesday, July 30th. Finally, HC Wainwright lifted their price objective on CECO Environmental from $33.00 to $55.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $49.20.

CECO Environmental Stock Down 0.1%

CECO traded down $0.04 on Friday, hitting $44.61. The company had a trading volume of 472,622 shares, compared to its average volume of 466,557. The stock has a fifty day moving average price of $34.17 and a 200-day moving average price of $27.66. CECO Environmental Corp. has a 12-month low of $17.57 and a 12-month high of $47.40. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.34. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 31.20, a P/E/G ratio of 2.60 and a beta of 1.39.

CECO Environmental (NASDAQ:CECO - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. CECO Environmental had a return on equity of 10.00% and a net margin of 7.99%. The company had revenue of $185.39 million for the quarter, compared to analyst estimates of $178.66 million. Analysts predict that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

CECO Environmental Company 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.