CECO Environmental Corp. (CECE) Stake Decreased by Keeley Teton Advisors LLC
Keeley Teton Advisors LLC trimmed its stake in shares of CECO Environmental Corp. (NASDAQ:CECE) by 61.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 83,566 shares of the industrial products company’s stock after selling 132,026 shares during the quarter. Keeley Teton Advisors LLC owned about 0.24% of CECO Environmental worth $707,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of CECO Environmental by 13.9% during the 1st quarter. Vanguard Group Inc. now owns 1,203,960 shares of the industrial products company’s stock valued at $12,654,000 after acquiring an additional 146,895 shares during the period. Heartland Advisors Inc. bought a new stake in shares of CECO Environmental during the 3rd quarter valued at $846,000. Goldman Sachs Group Inc. lifted its position in shares of CECO Environmental by 133.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 167,158 shares of the industrial products company’s stock valued at $1,534,000 after acquiring an additional 95,545 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of CECO Environmental during the 2nd quarter valued at $372,000. Finally, Foundry Partners LLC lifted 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. (NASDAQ CECE) opened at $4.70 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.54. CECO Environmental Corp. has a 1 year low of $4.68 and a 1 year high of $14.82. The firm has a market capitalization of $172.15, a price-to-earnings ratio of 7.52, a P/E/G ratio of 0.85 and a beta of 1.30.
CECO Environmental (NASDAQ:CECE) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.03 earnings per share for the quarter, missing the 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 for the quarter, compared to the consensus estimate of $92.66 million. During the same quarter in the prior year, the company earned $0.24 earnings per share. CECO Environmental’s quarterly revenue was down 16.3% compared to the same quarter last year. analysts predict that CECO Environmental Corp. will post 0.39 earnings per share for the current year.
A number of analysts have recently weighed in on the company. TheStreet downgraded CECO Environmental from a “c-” rating to a “d+” rating in a research report on Monday, November 27th. Needham & Company LLC downgraded CECO Environmental from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Roth Capital reiterated a “neutral” rating on shares of CECO Environmental in a research report on Thursday, November 9th. ValuEngine downgraded CECO Environmental from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Zacks Investment Research downgraded CECO Environmental from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $12.00.
CECO Environmental 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.
Want to see what other hedge funds are holding CECE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CECO Environmental Corp. (NASDAQ:CECE).
Receive News & Ratings for CECO Environmental Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CECO Environmental Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.