Private Advisor Group LLC purchased a new stake in CECO Environmental Corp. (NASDAQ:CECE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,180 shares of the industrial products company’s stock, valued at approximately $101,000.

Other large investors have also recently modified their holdings of the company. Shepherd Kaplan Krochuk LLC lifted its position in shares of CECO Environmental by 103.6% in the 1st quarter. Shepherd Kaplan Krochuk LLC now owns 28,500 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 14,500 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of CECO Environmental by 124.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 80,756 shares of the industrial products company’s stock valued at $496,000 after acquiring an additional 44,700 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of CECO Environmental by 31.3% in the 1st quarter. Van ECK Associates Corp now owns 90,495 shares of the industrial products company’s stock valued at $403,000 after acquiring an additional 21,547 shares in the last quarter. California Public Employees Retirement System increased its stake in CECO Environmental by 26.2% in the 1st quarter. California Public Employees Retirement System now owns 105,855 shares of the industrial products company’s stock valued at $471,000 after buying an additional 21,950 shares during the period. Finally, Federated Investors Inc. PA increased its stake in CECO Environmental by 276.6% in the 1st quarter. Federated Investors Inc. PA now owns 220,718 shares of the industrial products company’s stock valued at $982,000 after buying an additional 162,104 shares during the period. Institutional investors and hedge funds own 65.56% of the company’s stock.

In related news, Director Jonathan Pollack acquired 15,000 shares of the company’s stock in a transaction on Thursday, August 9th. The shares were purchased at an average price of $8.61 per share, for a total transaction of $129,150.00. Following the purchase, the director now owns 37,364 shares in the company, valued at $321,704.04. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.44% of the stock is currently owned by corporate insiders.

Several research firms have weighed in on CECE. ValuEngine upgraded shares of CECO Environmental from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. TheStreet upgraded shares of CECO Environmental from a “d” rating to a “c-” rating in a research note on Wednesday, June 6th. Zacks Investment Research upgraded shares of CECO Environmental from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Needham & Company LLC upped their price objective on shares of CECO Environmental from $7.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. Finally, Roth Capital set a $8.00 price objective on shares of CECO Environmental and gave the company a “hold” rating in a research note on Thursday, August 9th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. CECO Environmental currently has an average rating of “Hold” and an average price target of $9.00.

CECO Environmental stock opened at $8.20 on Friday. The company has a market capitalization of $286.62 million, a price-to-earnings ratio of 102.63, a P/E/G ratio of 2.03 and a beta of 1.14. The company has a current ratio of 1.65, a quick ratio of 1.45 and a debt-to-equity ratio of 0.42. CECO Environmental Corp. has a twelve month low of $4.00 and a twelve month high of $9.41.

CECO Environmental (NASDAQ:CECE) last released its quarterly earnings data on Wednesday, August 8th. The industrial products company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The firm had revenue of $81.09 million for the quarter, compared to analyst estimates of $73.00 million. CECO Environmental had a negative net margin of 1.18% and a positive return on equity of 1.55%. equities research analysts forecast that CECO Environmental Corp. will post 0.27 earnings per share for the current year.

About CECO Environmental

CECO Environmental Corp. provides critical solutions to the environmental, energy, and fluid handling and filtration industries worldwide. The company operates through three segments: Energy, Environmental, and Fluid Handling and Filtration. The Energy segment offers gas turbine exhaust systems, dampers and diverters, gas and liquid separation and filtration equipment, selective catalytic reduction and selective non-catalytic reduction systems, acoustical components and silencers, secondary separators, and expansion joints for the power and petrochemical industries.

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Institutional Ownership by Quarter for CECO Environmental (NASDAQ:CECE)

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