CECO Environmental Corp. (NASDAQ:CECE) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

A number of other brokerages have also recently weighed in on CECE. BidaskClub upgraded CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Needham & Company LLC upgraded CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and upped their price objective for the stock from $9.51 to $13.00 in a research note on Thursday, July 6th. Finally, William Blair cut CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $13.25.

Shares of CECO Environmental Corp. (CECE) traded up 0.40% during trading on Friday, hitting $7.50. The stock had a trading volume of 76,030 shares. The stock has a 50-day moving average price of $8.57 and a 200 day moving average price of $9.87. The company’s market cap is $258.66 million. CECO Environmental Corp. has a 12 month low of $6.94 and a 12 month high of $14.88.

CECO Environmental Corp. (NASDAQ:CECE) last issued its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.11. The company had revenue of $93.90 million for the quarter, compared to analysts’ expectations of $99.09 million. CECO Environmental Corp. had a positive return on equity of 14.60% and a negative net margin of 10.27%. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. Equities analysts expect that CECO Environmental Corp. will post $0.59 EPS for the current fiscal year.

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In other CECO Environmental Corp. news, Director Jonathan Pollack purchased 6,800 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was bought at an average cost of $7.31 per share, for a total transaction of $49,708.00. Following the completion of the purchase, the director now owns 26,146 shares in the company, valued at approximately $191,127.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jason Dezwirek purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $7.27 per share, with a total value of $181,750.00. Following the completion of the purchase, the director now owns 1,410,616 shares of the company’s stock, valued at approximately $10,255,178.32. The disclosure for this purchase can be found here. Company insiders own 14.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in CECE. Highbridge Capital Management LLC acquired a new stake in CECO Environmental Corp. during the first quarter worth approximately $697,000. Boston Partners boosted its stake in CECO Environmental Corp. by 27.9% in the first quarter. Boston Partners now owns 848,552 shares of the industrial products company’s stock worth $8,918,000 after buying an additional 185,100 shares during the period. Ameriprise Financial Inc. acquired a new stake in CECO Environmental Corp. during the first quarter worth approximately $447,000. Bank of Montreal Can boosted its stake in CECO Environmental Corp. by 557.5% in the first quarter. Bank of Montreal Can now owns 98,515 shares of the industrial products company’s stock worth $1,036,000 after buying an additional 83,532 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in CECO Environmental Corp. by 62.0% in the first quarter. JPMorgan Chase & Co. now owns 1,197,736 shares of the industrial products company’s stock worth $12,589,000 after buying an additional 458,315 shares during the period. Institutional investors own 67.94% of the company’s stock.

About CECO Environmental Corp.

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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