CECO Environmental Corp. (NASDAQ:CECO) Position Increased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 28.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 448,248 shares of the company's stock after acquiring an additional 98,951 shares during the period. Russell Investments Group Ltd. owned about 1.29% of CECO Environmental worth $9,090,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CECO. Wellington Management Group LLP lifted its stake in CECO Environmental by 271.2% during the 3rd quarter. Wellington Management Group LLP now owns 629,146 shares of the company's stock worth $10,047,000 after acquiring an additional 459,646 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in CECO Environmental in the 3rd quarter valued at about $7,037,000. Loomis Sayles & Co. L P acquired a new stake in CECO Environmental in the 3rd quarter valued at about $6,891,000. RK Capital Management LLC raised its position in CECO Environmental by 36.6% in the 3rd quarter. RK Capital Management LLC now owns 884,347 shares of the company's stock valued at $14,123,000 after purchasing an additional 237,093 shares in the last quarter. Finally, EAM Investors LLC acquired a new stake in CECO Environmental in the 3rd quarter valued at about $2,907,000. Institutional investors and hedge funds own 68.08% of the company's stock.

Insider Buying and Selling

In other news, Director Richard F. Wallman purchased 5,000 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the purchase, the director now directly owns 191,853 shares of the company's stock, valued at approximately $4,211,173.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Richard F. Wallman bought 5,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were bought at an average cost of $21.95 per share, for a total transaction of $109,750.00. Following the purchase, the director now owns 191,853 shares of the company's stock, valued at approximately $4,211,173.35. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Laurie Siegel bought 2,500 shares of the stock in a transaction on Wednesday, March 6th. The stock was bought at an average price of $19.87 per share, for a total transaction of $49,675.00. Following the completion of the purchase, the director now directly owns 7,906 shares in the company, valued at approximately $157,092.22. The disclosure for this purchase can be found here. 16.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CECO has been the topic of a number of analyst reports. Roth Mkm increased their price target on CECO Environmental from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. Needham & Company LLC increased their price target on CECO Environmental from $23.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday, May 1st. Northland Securities increased their price target on CECO Environmental from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, March 6th. HC Wainwright reaffirmed a "buy" rating and issued a $30.00 price target on shares of CECO Environmental in a research report on Wednesday, May 1st. Finally, Craig Hallum raised their target price on CECO Environmental from $25.00 to $28.00 and gave the stock a "buy" rating in a research report on Wednesday, May 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $27.40.

CECO Environmental Stock Up 2.0 %

Shares of NASDAQ CECO traded up $0.45 during midday trading on Tuesday, hitting $23.52. 202,394 shares of the company's stock were exchanged, compared to its average volume of 262,579. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.38 and a quick ratio of 1.19. CECO Environmental Corp. has a twelve month low of $10.68 and a twelve month high of $25.82. The company has a market cap of $821.69 million, a PE ratio of 67.20, a P/E/G ratio of 1.60 and a beta of 1.24. The firm's fifty day simple moving average is $22.77 and its 200-day simple moving average is $20.52.

CECO Environmental (NASDAQ:CECO - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. The firm had revenue of $126.30 million for the quarter, compared to the consensus estimate of $135.82 million. CECO Environmental had a return on equity of 11.57% and a net margin of 2.23%. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. Research analysts predict that CECO Environmental Corp. will post 0.94 EPS for the current fiscal year.

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.