CECO Environmental Corp. (NASDAQ:CECO) Shares Sold by Foundry Partners LLC

Foundry Partners LLC decreased its stake in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 204,340 shares of the company's stock after selling 39,865 shares during the quarter. Foundry Partners LLC owned about 0.59% of CECO Environmental worth $4,144,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in CECO Environmental by 1.0% during the third quarter. Vanguard Group Inc. now owns 1,440,579 shares of the company's stock valued at $23,006,000 after buying an additional 13,747 shares during the last quarter. RK Capital Management LLC raised its stake in CECO Environmental by 36.6% during the third quarter. RK Capital Management LLC now owns 884,347 shares of the company's stock valued at $14,123,000 after buying an additional 237,093 shares during the last quarter. Wellington Management Group LLP raised its stake in CECO Environmental by 271.2% during the third quarter. Wellington Management Group LLP now owns 629,146 shares of the company's stock valued at $10,047,000 after buying an additional 459,646 shares during the last quarter. First Eagle Investment Management LLC purchased a new position in CECO Environmental during the third quarter valued at $7,037,000. Finally, Loomis Sayles & Co. L P purchased a new position in CECO Environmental during the third quarter valued at $6,891,000. Hedge funds and other institutional investors own 68.08% of the company's stock.

Insider Buying and Selling at CECO Environmental

In related news, Director Laurie Siegel purchased 2,500 shares of the business's stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $19.87 per share, with a total value of $49,675.00. Following the completion of the acquisition, the director now owns 7,906 shares of the company's stock, valued at approximately $157,092.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.80% of the stock is currently owned by corporate insiders.

CECO Environmental Stock Performance

Shares of CECO traded up $0.13 during trading hours on Monday, hitting $23.17. The stock had a trading volume of 204,436 shares, compared to its average volume of 242,189. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.39 and a quick ratio of 1.22. CECO Environmental Corp. has a 12 month low of $10.68 and a 12 month high of $24.43. The firm has a market capitalization of $807.94 million, a PE ratio of 62.62, a PEG ratio of 1.59 and a beta of 1.23. The stock has a fifty day moving average price of $22.16 and a 200 day moving average price of $19.99.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. 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. HC Wainwright boosted their price target on CECO Environmental from $22.00 to $30.00 and gave the stock a "buy" rating in a research note 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, Needham & Company LLC boosted their price target on CECO Environmental from $22.00 to $23.00 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 data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $26.50.

About CECO Environmental

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.