Hood River Capital Management LLC Has $52.62 Million Stock Holdings in CECO Environmental Corp. (NASDAQ:CECO)

Hood River Capital Management LLC lifted its position in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 63.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,740,740 shares of the company's stock after buying an additional 673,050 shares during the quarter. Hood River Capital Management LLC owned about 4.98% of CECO Environmental worth $52,623,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of CECO Environmental by 115.0% during the 3rd quarter. Barclays PLC now owns 63,615 shares of the company's stock worth $1,795,000 after purchasing an additional 34,027 shares during the last quarter. Geode Capital Management LLC raised its holdings in CECO Environmental by 1.7% during the third quarter. Geode Capital Management LLC now owns 689,487 shares of the company's stock valued at $19,448,000 after buying an additional 11,857 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of CECO Environmental in the fourth quarter worth about $7,334,000. Van ECK Associates Corp increased its holdings in shares of CECO Environmental by 41.6% during the 4th quarter. Van ECK Associates Corp now owns 538,092 shares of the company's stock valued at $16,267,000 after acquiring an additional 158,215 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of CECO Environmental by 17.6% in the 3rd quarter. Principal Financial Group Inc. now owns 22,246 shares of the company's stock valued at $627,000 after acquiring an additional 3,330 shares in the last quarter. Institutional investors own 68.08% of the company's stock.

CECO Environmental Price Performance

CECO traded down $0.56 during midday trading on Monday, hitting $19.37. The company had a trading volume of 72,786 shares, compared to its average volume of 287,555. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.30. The firm's 50-day simple moving average is $22.27 and its 200-day simple moving average is $26.55. CECO Environmental Corp. has a twelve month low of $17.57 and a twelve month high of $35.16. The company has a market capitalization of $682.08 million, a PE ratio of 58.68, a P/E/G ratio of 1.39 and a beta of 1.30.

CECO Environmental (NASDAQ:CECO - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.05. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The company had revenue of $158.60 million for the quarter, compared to the consensus estimate of $156.09 million. During the same quarter in the prior year, the business posted $0.28 EPS. The firm's quarterly revenue was up 3.2% on a year-over-year basis. Equities research analysts predict 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 analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $33.00 price target on shares of CECO Environmental in a report on Wednesday, February 26th. Craig Hallum lifted their target price on CECO Environmental from $34.00 to $40.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Finally, HC Wainwright reiterated a "neutral" rating on shares of CECO Environmental in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, CECO Environmental has a consensus rating of "Moderate Buy" and an average target price of $36.20.

Insider Activity at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman purchased 1,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $25.15 per share, with a total value of $25,150.00. Following the completion of the transaction, the director now directly owns 207,117 shares in the company, valued at $5,208,992.55. This represents a 0.49 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter K. Johansson sold 22,500 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $22.80, for a total transaction of $513,000.00. Following the sale, the insider now owns 62,160 shares of the company's stock, valued at approximately $1,417,248. This represents a 26.58 % decrease in their position. The disclosure for this sale can be found here. 16.90% of the stock is owned by insiders.

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.