CECO Environmental Corp. (NASDAQ:CECO) Holdings Decreased by Federated Hermes Inc.

Federated Hermes Inc. decreased its position in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 21.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,748 shares of the company's stock after selling 34,802 shares during the quarter. Federated Hermes Inc. owned 0.37% of CECO Environmental worth $2,631,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CECO. SG Americas Securities LLC acquired a new stake in CECO Environmental in the third quarter valued at approximately $204,000. Trellus Management Company LLC acquired a new stake in CECO Environmental during the third quarter worth approximately $779,000. Mesirow Financial Investment Management Inc. raised its holdings in CECO Environmental by 20.3% during the third quarter. Mesirow Financial Investment Management Inc. now owns 19,714 shares of the company's stock worth $315,000 after purchasing an additional 3,328 shares in the last quarter. Jump Financial LLC raised its holdings in CECO Environmental by 200.4% during the third quarter. Jump Financial LLC now owns 33,039 shares of the company's stock worth $528,000 after purchasing an additional 22,039 shares in the last quarter. Finally, Boston Partners acquired a new stake in CECO Environmental during the third quarter worth approximately $201,000. Institutional investors and hedge funds own 68.08% of the company's stock.

Insiders Place Their Bets

In related news, Director Laurie Siegel bought 2,500 shares of the firm's stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $19.87 per share, for a total transaction of $49,675.00. Following the transaction, the director now owns 7,906 shares of the company's stock, valued at $157,092.22. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 15.80% of the company's stock.

CECO Environmental Stock Performance

NASDAQ:CECO traded up $0.06 during midday trading on Friday, reaching $25.32. The stock had a trading volume of 282,178 shares, compared to its average volume of 215,986. The firm has a fifty day simple moving average of $22.50 and a two-hundred day simple moving average of $20.23. CECO Environmental Corp. has a 12-month low of $10.68 and a 12-month high of $25.73. The company has a quick ratio of 1.22, a current ratio of 1.39 and a debt-to-equity ratio of 0.53. The stock has a market cap of $882.91 million, a P/E ratio of 68.43, a P/E/G ratio of 1.75 and a beta of 1.23.

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

Analyst Ratings Changes

A number of analysts have weighed in on CECO shares. Northland Securities raised their price objective on shares of CECO Environmental from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, March 6th. HC Wainwright lifted their target price on shares of CECO Environmental from $22.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Roth Mkm lifted their target price on shares of CECO Environmental from $22.00 to $25.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Finally, Needham & Company LLC lifted their target price on shares of CECO Environmental from $22.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $26.50.

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.