Assenagon Asset Management S.A. Has $1.36 Million Position in CECO Environmental Corp. (NASDAQ:CECO)

Assenagon Asset Management S.A. lessened its stake in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 60.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,173 shares of the company's stock after selling 102,254 shares during the period. Assenagon Asset Management S.A. owned 0.19% of CECO Environmental worth $1,362,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CECO. Boothbay Fund Management LLC acquired a new position in CECO Environmental in the 1st quarter valued at about $193,000. Two Sigma Investments LP acquired a new position in CECO Environmental during the 1st quarter worth approximately $4,141,000. Two Sigma Advisers LP acquired a new position in CECO Environmental during the 1st quarter worth approximately $5,201,000. Cubist Systematic Strategies LLC acquired a new position in CECO Environmental during the 1st quarter worth approximately $2,363,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in CECO Environmental during the 1st quarter worth approximately $306,000. Institutional investors and hedge funds own 68.08% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on CECO. HC Wainwright boosted their target price on CECO Environmental from $22.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. Needham & Company LLC boosted their target price on CECO Environmental from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. Northland Securities boosted their price target on CECO Environmental from $27.00 to $28.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 6th. Finally, Roth Mkm boosted their price target on CECO Environmental from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $26.50.

CECO Environmental Price Performance

CECO stock traded up $0.37 on Friday, reaching $23.68. The company had a trading volume of 180,090 shares, compared to its average volume of 299,586. The company's fifty day moving average is $21.42 and its 200 day moving average is $19.41. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.39. The company has a market cap of $827.14 million, a P/E ratio of 64.00, a PEG ratio of 1.61 and a beta of 1.23. CECO Environmental Corp. has a 1 year low of $10.68 and a 1 year high of $24.43.

CECO Environmental (NASDAQ:CECO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The company had revenue of $153.71 million during the quarter, compared to the consensus estimate of $149.10 million. CECO Environmental had a return on equity of 11.57% and a net margin of 2.37%. During the same period in the previous year, the firm posted $0.21 EPS. On average, research analysts forecast that CECO Environmental Corp. will post 0.96 earnings per share for the current year.

Insider Buying and Selling at CECO Environmental

In other news, Director Laurie Siegel acquired 2,500 shares of the company's stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average cost of $19.87 per share, for a total transaction of $49,675.00. Following the acquisition, the director now directly owns 7,906 shares in the company, valued at approximately $157,092.22. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.80% of the stock is currently owned by insiders.

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.