Algert Global LLC held its stake in shares of CECO Environmental Corp. (NASDAQ:CECE) during the second quarter, Holdings Channel reports. The fund owned 65,721 shares of the industrial products company’s stock at the end of the second quarter. Algert Global LLC’s holdings in CECO Environmental Corp. were worth $603,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CECE. Kirr Marbach & Co. LLC IN boosted its stake in shares of CECO Environmental Corp. by 0.9% in the first quarter. Kirr Marbach & Co. LLC IN now owns 16,330 shares of the industrial products company’s stock worth $172,000 after buying an additional 150 shares during the period. American International Group Inc. boosted its stake in shares of CECO Environmental Corp. by 7.1% in the first quarter. American International Group Inc. now owns 18,019 shares of the industrial products company’s stock worth $189,000 after buying an additional 1,187 shares during the period. Teton Advisors Inc. boosted its stake in shares of CECO Environmental Corp. by 12.7% in the first quarter. Teton Advisors Inc. now owns 17,720 shares of the industrial products company’s stock worth $186,000 after buying an additional 2,002 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of CECO Environmental Corp. by 11.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 21,505 shares of the industrial products company’s stock worth $300,000 after buying an additional 2,216 shares during the period. Finally, Hancock Holding Co. boosted its stake in shares of CECO Environmental Corp. by 31.5% in the first quarter. Hancock Holding Co. now owns 16,550 shares of the industrial products company’s stock worth $174,000 after buying an additional 3,960 shares during the period. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Shares of CECO Environmental Corp. (NASDAQ CECE) opened at 8.13 on Friday. The company’s market cap is $280.17 million. The stock’s 50 day moving average price is $9.62 and its 200 day moving average price is $10.52. CECO Environmental Corp. has a one year low of $8.07 and a one year high of $14.88.

CECO Environmental Corp. (NASDAQ:CECE) last issued its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.11. The company had revenue of $93.90 million during the quarter, compared to the consensus estimate of $99.09 million. CECO Environmental Corp. had a positive return on equity of 14.37% and a negative net margin of 10.27%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 EPS. Equities analysts predict that CECO Environmental Corp. will post $0.76 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, September 14th. CECO Environmental Corp.’s dividend payout ratio is presently -25.86%.

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A number of brokerages have weighed in on CECE. BidaskClub cut CECO Environmental Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Needham & Company LLC upgraded CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and upped their price target for the company from $9.51 to $13.00 in a research report on Thursday, July 6th. Finally, Zacks Investment Research upgraded CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $13.25.

CECO Environmental Corp. Company Profile

CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems.

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

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