Dimensional Fund Advisors LP increased its stake in CECO Environmental Corp. (NASDAQ:CECE) by 20.4% during the first quarter, Holdings Channel reports. The firm owned 1,649,009 shares of the industrial products company’s stock after buying an additional 279,323 shares during the period. Dimensional Fund Advisors LP’s holdings in CECO Environmental Corp. were worth $17,331,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Globeflex Capital L P bought a new stake in shares of CECO Environmental Corp. during the first quarter valued at approximately $134,000. Geode Capital Management LLC raised its stake in shares of CECO Environmental Corp. by 5.5% in the first quarter. Geode Capital Management LLC now owns 228,779 shares of the industrial products company’s stock valued at $2,404,000 after buying an additional 11,935 shares during the period. Vanguard Group Inc. raised its stake in shares of CECO Environmental Corp. by 13.9% in the first quarter. Vanguard Group Inc. now owns 1,203,960 shares of the industrial products company’s stock valued at $12,654,000 after buying an additional 146,895 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of CECO Environmental Corp. by 3.6% in the first quarter. PNC Financial Services Group Inc. now owns 177,207 shares of the industrial products company’s stock valued at $1,862,000 after buying an additional 6,233 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of CECO Environmental Corp. by 5.2% in the first quarter. Teachers Advisors LLC now owns 101,837 shares of the industrial products company’s stock valued at $1,070,000 after buying an additional 5,050 shares during the period. Institutional investors and hedge funds own 69.32% of the company’s stock.

CECO Environmental Corp. (NASDAQ CECE) traded down 1.61% during trading on Monday, hitting $7.33. 35,435 shares of the stock traded hands. The firm has a 50-day moving average price of $9.57 and a 200 day moving average price of $10.48. The firm’s market cap is $252.80 million. CECO Environmental Corp. has a 12 month low of $7.26 and a 12 month high of $14.88.

CECO Environmental Corp. (NASDAQ:CECE) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.11. CECO Environmental Corp. had a negative net margin of 10.27% and a positive return on equity of 14.60%. The business had revenue of $93.90 million for the quarter, compared to the consensus estimate of $99.09 million. During the same quarter in the prior year, the business posted $0.21 earnings per share. CECO Environmental Corp.’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, equities analysts forecast that CECO Environmental Corp. will post $0.67 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.03%. CECO Environmental Corp.’s dividend payout ratio is presently -25.86%.

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Several analysts have commented on the stock. William Blair lowered shares of CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a report on Friday. BidaskClub lowered shares of CECO Environmental Corp. from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Needham & Company LLC upgraded shares of CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and raised their price objective for the stock from $9.51 to $13.00 in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company. CECO Environmental Corp. has a consensus 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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