First Eagle Investment Management LLC Purchases 42,731 Shares of CECO Environmental Corp. (NASDAQ:CECO)

First Eagle Investment Management LLC raised its holdings in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 483,364 shares of the company's stock after purchasing an additional 42,731 shares during the quarter. First Eagle Investment Management LLC owned approximately 1.39% of CECO Environmental worth $9,803,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Los Angeles Capital Management LLC bought a new position in CECO Environmental in the 4th quarter worth approximately $729,000. Channing Capital Management LLC acquired a new position in shares of CECO Environmental during the third quarter valued at $388,000. Wellington Management Group LLP boosted its holdings in CECO Environmental by 271.2% in the third quarter. Wellington Management Group LLP now owns 629,146 shares of the company's stock valued at $10,047,000 after acquiring an additional 459,646 shares during the last quarter. Guyasuta Investment Advisors Inc. acquired a new stake in CECO Environmental in the fourth quarter worth about $203,000. Finally, Loomis Sayles & Co. L P bought a new stake in CECO Environmental during the 3rd quarter worth about $6,891,000. Institutional investors and hedge funds own 68.08% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CECO shares. Roth Mkm lifted their price target on shares of CECO Environmental from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. Needham & Company LLC upped their target price on shares of 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 note on Wednesday, March 6th. HC Wainwright reaffirmed a "buy" rating and set a $30.00 price objective on shares of CECO Environmental in a research note on Wednesday, May 1st. Finally, Craig Hallum increased their target price on CECO Environmental from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, May 1st. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $27.40.

Insider Buying and Selling at CECO Environmental

In related news, Director Laurie Siegel acquired 2,500 shares of the stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $19.87 per share, with a total value of $49,675.00. Following the completion of the transaction, the director now directly owns 7,906 shares of the company's stock, valued at $157,092.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Richard F. Wallman bought 5,000 shares of the business's stock in a transaction 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 owns 191,853 shares of the company's stock, valued at approximately $4,211,173.35. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Laurie Siegel purchased 2,500 shares of the firm's stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $19.87 per share, with a total value of $49,675.00. Following the completion of the purchase, the director now directly owns 7,906 shares in the company, valued at $157,092.22. The disclosure for this purchase can be found here. Insiders own 16.90% of the company's stock.

CECO Environmental Trading Down 2.1 %

Shares of CECO stock traded down $0.52 on Friday, hitting $24.81. The stock had a trading volume of 196,382 shares, compared to its average volume of 328,104. The firm has a market cap of $866.86 million, a P/E ratio of 70.89, a PEG ratio of 1.80 and a beta of 1.24. CECO Environmental Corp. has a twelve month low of $10.68 and a twelve month high of $25.82. The company has a current ratio of 1.38, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average price of $23.32 and a two-hundred day moving average price of $21.04.

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

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.