Manatuck Hill Partners LLC Has $4.84 Million Stock Position in CECO Environmental Corp. (NASDAQ:CECO)

Manatuck Hill Partners LLC decreased its stake in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,000 shares of the company's stock after selling 18,100 shares during the period. CECO Environmental comprises about 2.0% of Manatuck Hill Partners LLC's holdings, making the stock its 14th largest holding. Manatuck Hill Partners LLC owned about 0.46% of CECO Environmental worth $4,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CECO. Capital International Investors boosted its holdings in shares of CECO Environmental by 12.1% during the 4th quarter. Capital International Investors now owns 1,971,334 shares of the company's stock valued at $59,593,000 after acquiring an additional 212,476 shares in the last quarter. Hood River Capital Management LLC grew its holdings in shares of CECO Environmental by 63.0% during the fourth quarter. Hood River Capital Management LLC now owns 1,740,740 shares of the company's stock worth $52,623,000 after purchasing an additional 673,050 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of CECO Environmental by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 1,648,674 shares of the company's stock worth $49,839,000 after purchasing an additional 9,023 shares during the last quarter. King Luther Capital Management Corp raised its holdings in CECO Environmental by 2.3% in the 4th quarter. King Luther Capital Management Corp now owns 1,033,789 shares of the company's stock valued at $31,251,000 after buying an additional 23,239 shares during the last quarter. Finally, Royce & Associates LP boosted its position 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 buying an additional 195,425 shares during the period. Institutional investors and hedge funds own 68.08% of the company's stock.

CECO Environmental Trading Up 6.2 %

NASDAQ CECO traded up $1.51 during mid-day trading on Friday, reaching $25.92. 533,393 shares of the stock were exchanged, compared to its average volume of 287,845. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12. The stock has a market cap of $912.82 million, a P/E ratio of 78.55, a P/E/G ratio of 1.39 and a beta of 1.30. The stock has a 50 day simple moving average of $22.19 and a 200-day simple moving average of $26.42. CECO Environmental Corp. has a one year low of $17.57 and a one year high of $35.16.

CECO Environmental (NASDAQ:CECO - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $176.70 million for the quarter, compared to analyst estimates of $151.53 million. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The business's revenue was up 39.9% on a year-over-year basis. On average, analysts anticipate that CECO Environmental Corp. will post 0.67 EPS for the current year.

Insider Transactions at CECO Environmental

In other news, insider Peter K. Johansson sold 5,601 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $24.15, for a total transaction of $135,264.15. Following the transaction, the insider now owns 84,660 shares in the company, valued at approximately $2,044,539. This represents a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard F. Wallman bought 1,000 shares of CECO Environmental stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $25.15 per share, with a total value of $25,150.00. Following the completion of the purchase, the director now owns 207,117 shares in the company, valued at $5,208,992.55. This trade represents a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 18.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Needham & Company LLC upped their price target on shares of CECO Environmental from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday. HC Wainwright raised CECO Environmental from a "neutral" rating to a "buy" rating and set a $33.00 target price for the company in a research report on Wednesday. Finally, Craig Hallum increased their price target on CECO Environmental from $34.00 to $40.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Five analysts have rated the stock with a buy rating, According to MarketBeat, CECO Environmental presently has an average rating of "Buy" and a consensus price target of $36.00.

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.