Expect Equity LLC Invests $3.27 Million in CECO Environmental Corp. (NASDAQ:CECO)

Expect Equity LLC acquired a new stake in CECO Environmental Corp. (NASDAQ:CECO) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 108,055 shares of the company’s stock, valued at approximately $3,267,000. CECO Environmental comprises approximately 3.4% of Expect Equity LLC’s holdings, making the stock its 6th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its position in shares of CECO Environmental by 115.0% during the 3rd quarter. Barclays PLC now owns 63,615 shares of the company’s stock worth $1,795,000 after purchasing an additional 34,027 shares during the period. Heck Capital Advisors LLC bought a new position in CECO Environmental during the 4th quarter worth $74,000. Calamos Advisors LLC increased its position in CECO Environmental by 27.7% in the fourth quarter. Calamos Advisors LLC now owns 112,075 shares of the company’s stock worth $3,388,000 after buying an additional 24,314 shares during the period. Van ECK Associates Corp lifted its stake in CECO Environmental by 41.6% in the fourth quarter. Van ECK Associates Corp now owns 538,092 shares of the company’s stock valued at $16,267,000 after buying an additional 158,215 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of CECO Environmental by 2.7% during the fourth quarter. Rhumbline Advisers now owns 40,614 shares of the company’s stock valued at $1,228,000 after acquiring an additional 1,080 shares during the period. Institutional investors and hedge funds own 68.08% of the company’s stock.

CECO Environmental Trading Up 0.4 %

NASDAQ:CECO opened at $25.53 on Friday. CECO Environmental Corp. has a 1 year low of $17.57 and a 1 year high of $35.16. The business has a fifty day moving average of $22.25 and a 200-day moving average of $26.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.30. The stock has a market cap of $900.39 million, a price-to-earnings ratio of 77.37, a PEG ratio of 1.39 and a beta of 1.31.

CECO Environmental (NASDAQ:CECO) last released its earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $176.70 million for the quarter, compared to analysts’ expectations of $151.53 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The business’s revenue was up 39.9% on a year-over-year basis. Equities analysts predict that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CECO shares. HC Wainwright raised shares of CECO Environmental from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Wednesday, April 30th. Needham & Company LLC raised their price target on shares of CECO Environmental from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CECO Environmental currently has a consensus rating of “Buy” and a consensus price target of $36.00.

Insider Activity at CECO Environmental

In related news, Director Richard F. Wallman purchased 1,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $25.15 per share, with a total value of $25,150.00. Following the completion of the acquisition, the director now owns 207,117 shares of the company’s stock, valued at approximately $5,208,992.55. This represents a 0.49 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Peter K. Johansson sold 5,601 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $24.15, for a total value of $135,264.15. Following the sale, the insider now owns 84,660 shares of the company’s stock, valued at $2,044,539. This trade represents a 6.21 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.40% of the company’s stock.

About CECO Environmental

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.