Shares of CECO Environmental Corp. (NASDAQ:CECE) have received a consensus rating of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $9.00.

CECE has been the topic of a number of recent research reports. TheStreet raised shares of CECO Environmental from a “d” rating to a “c-” rating in a research note on Wednesday, June 6th. Zacks Investment Research downgraded shares of CECO Environmental from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. ValuEngine raised shares of CECO Environmental from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Needham & Company LLC upped their price target 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 target on shares of CECO Environmental and gave the company a “hold” rating in a research note on Thursday, August 9th.

Shares of CECE traded down $0.13 during mid-day trading on Tuesday, reaching $8.10. The stock had a trading volume of 117,887 shares, compared to its average volume of 61,205. The firm has a market cap of $282.78 million, a P/E ratio of 30.00, a PEG ratio of 2.00 and a beta of 1.14. CECO Environmental has a 12 month low of $4.00 and a 12 month high of $9.41. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.65 and a quick ratio of 1.45.

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

In other news, Director Jonathan Pollack acquired 15,000 shares of the business’s stock in a transaction on Thursday, August 9th. The shares were acquired at an average price of $8.61 per share, for a total transaction of $129,150.00. Following the completion of the transaction, the director now directly owns 37,364 shares of the company’s stock, valued at approximately $321,704.04. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 13.44% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CECE. American Century Companies Inc. lifted its position in shares of CECO Environmental by 5.4% during the first quarter. American Century Companies Inc. now owns 1,291,905 shares of the industrial products company’s stock valued at $5,749,000 after buying an additional 65,958 shares during the last quarter. LSV Asset Management raised its position in shares of CECO Environmental by 3.6% in the 1st quarter. LSV Asset Management now owns 658,015 shares of the industrial products company’s stock valued at $2,928,000 after purchasing an additional 22,700 shares during the last quarter. Systematic Financial Management LP raised its position in shares of CECO Environmental by 16.7% in the 1st quarter. Systematic Financial Management LP now owns 248,510 shares of the industrial products company’s stock valued at $1,106,000 after purchasing an additional 35,495 shares during the last quarter. Federated Investors Inc. PA raised its position in shares of 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 purchasing an additional 162,104 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of CECO Environmental by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 233,721 shares of the industrial products company’s stock valued at $1,040,000 after purchasing an additional 11,420 shares during the last quarter. Institutional investors and hedge funds own 65.56% of the company’s stock.

CECO Environmental Company Profile

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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