Amundi Acquires 9,184 Shares of CECO Environmental Corp. (NASDAQ:CECO)

Amundi raised its holdings in shares of CECO Environmental Corp. (NASDAQ:CECO) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,606 shares of the company’s stock after purchasing an additional 9,184 shares during the period. Amundi’s holdings in CECO Environmental were worth $5,865,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in shares of CECO Environmental by 17.6% during the third quarter. Principal Financial Group Inc. now owns 22,246 shares of the company’s stock valued at $627,000 after acquiring an additional 3,330 shares in the last quarter. Quest Partners LLC purchased a new position in CECO Environmental during the 3rd quarter valued at $69,000. First Horizon Advisors Inc. raised its holdings in CECO Environmental by 71.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,416 shares of the company’s stock worth $40,000 after purchasing an additional 591 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of CECO Environmental by 185.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 235,497 shares of the company’s stock worth $6,641,000 after purchasing an additional 152,893 shares during the period. Finally, FMR LLC increased its position in shares of CECO Environmental by 23.5% during the third quarter. FMR LLC now owns 786,308 shares of the company’s stock valued at $22,174,000 after buying an additional 149,777 shares during the period. Hedge funds and other institutional investors own 68.08% of the company’s stock.

Insiders Place Their Bets

In other CECO Environmental news, Director Richard F. Wallman bought 1,000 shares of CECO Environmental stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $25.15 per share, with a total value of $25,150.00. Following the acquisition, the director now owns 207,117 shares in the company, valued at approximately $5,208,992.55. This trade represents a 0.49 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. HC Wainwright restated a “neutral” rating on shares of CECO Environmental in a report on Wednesday, February 26th. Needham & Company LLC restated a “buy” rating and issued a $33.00 target price on shares of CECO Environmental in a research note on Wednesday, February 26th. Northland Securities upped their price target on CECO Environmental from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Finally, Craig Hallum raised their price objective on CECO Environmental from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, January 6th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.20.

CECO Environmental Stock Up 1.6 %

CECO stock opened at $23.25 on Friday. The business has a 50 day moving average of $27.17 and a 200 day moving average of $27.95. The firm has a market cap of $813.52 million, a PE ratio of 70.46, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. CECO Environmental Corp. has a twelve month low of $20.00 and a twelve month high of $35.16. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $158.60 million during the quarter, compared to the consensus estimate of $156.09 million. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. On average, research analysts forecast that CECO Environmental Corp. will post 0.67 EPS 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.