Bank of New York Mellon Corp cut its holdings in shares of CECO Environmental Corp. (NASDAQ:CECE) by 5.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 248,773 shares of the industrial products company’s stock after selling 14,141 shares during the period. Bank of New York Mellon Corp owned approximately 0.72% of CECO Environmental worth $2,105,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. King Luther Capital Management Corp grew its position in shares of CECO Environmental by 6.1% during the 2nd quarter. King Luther Capital Management Corp now owns 1,841,429 shares of the industrial products company’s stock valued at $16,904,000 after acquiring an additional 105,800 shares during the period. Dimensional Fund Advisors LP grew its position in shares of CECO Environmental by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,775,095 shares of the industrial products company’s stock valued at $16,296,000 after acquiring an additional 126,086 shares during the period. Vanguard Group Inc. grew its position in shares of CECO Environmental by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,253,869 shares of the industrial products company’s stock valued at $11,511,000 after acquiring an additional 49,909 shares during the period. JPMorgan Chase & Co. grew its position in shares of CECO Environmental by 3.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,240,508 shares of the industrial products company’s stock valued at $11,388,000 after acquiring an additional 42,772 shares during the period. Finally, Foundry Partners LLC grew its position in shares of CECO Environmental by 5.5% during the 3rd quarter. Foundry Partners LLC now owns 683,550 shares of the industrial products company’s stock valued at $5,783,000 after acquiring an additional 35,500 shares during the period. Hedge funds and other institutional investors own 67.49% of the company’s stock.

Shares of CECO Environmental Corp. (CECE) opened at $5.17 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.57 and a debt-to-equity ratio of 0.54. CECO Environmental Corp. has a twelve month low of $4.68 and a twelve month high of $14.39. The stock has a market capitalization of $183.60, a PE ratio of -4.17, a P/E/G ratio of 0.63 and a beta of 1.31.

CECO Environmental (NASDAQ:CECE) last released its earnings results on Wednesday, November 8th. The industrial products company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.12). CECO Environmental had a positive return on equity of 11.91% and a negative net margin of 11.47%. The business had revenue of $85.00 million during the quarter, compared to analysts’ expectations of $92.66 million. During the same period last year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was down 16.3% compared to the same quarter last year. equities research analysts anticipate that CECO Environmental Corp. will post 0.39 earnings per share for the current year.

Several equities research analysts recently issued reports on CECE shares. ValuEngine upgraded CECO Environmental from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Needham & Company LLC cut CECO Environmental from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. TheStreet cut CECO Environmental from a “c-” rating to a “d+” rating in a report on Monday, November 27th. Zacks Investment Research upgraded CECO Environmental from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Roth Capital reiterated a “neutral” rating on shares of CECO Environmental in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. CECO Environmental has a consensus rating of “Hold” and a consensus target price of $12.00.

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About CECO Environmental

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 (NASDAQ:CECE)

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