Cruiser Capital Advisors LLC Raises Stock Holdings in CECO Environmental Corp. (NASDAQ:CECO)

Cruiser Capital Advisors LLC lifted its holdings in shares of CECO Environmental Corp. (NASDAQ:CECO) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,570 shares of the company’s stock after acquiring an additional 3,868 shares during the period. CECO Environmental accounts for about 0.7% of Cruiser Capital Advisors LLC’s holdings, making the stock its 17th biggest position. Cruiser Capital Advisors LLC owned approximately 0.12% of CECO Environmental worth $1,317,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in CECO Environmental by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 1,648,674 shares of the company’s stock worth $49,839,000 after purchasing an additional 9,023 shares during the last quarter. King Luther Capital Management Corp increased its position in CECO Environmental by 2.3% in the 4th quarter. King Luther Capital Management Corp now owns 1,033,789 shares of the company’s stock valued at $31,251,000 after acquiring an additional 23,239 shares during the period. Royce & Associates LP raised its stake in CECO Environmental by 27.2% during the 4th quarter. Royce & Associates LP now owns 915,212 shares of the company’s stock valued at $27,667,000 after acquiring an additional 195,425 shares during the last quarter. FMR LLC lifted its position in CECO Environmental by 23.5% during the 3rd quarter. FMR LLC now owns 786,308 shares of the company’s stock worth $22,174,000 after acquiring an additional 149,777 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of CECO Environmental by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 689,487 shares of the company’s stock valued at $19,448,000 after purchasing an additional 11,857 shares during the last quarter. 68.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other CECO Environmental news, Director Richard F. Wallman purchased 1,000 shares of CECO Environmental 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 directly owns 207,117 shares of the company’s stock, valued at approximately $5,208,992.55. This trade represents a 0.49 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 16.90% of the company’s stock.

CECO Environmental Stock Performance

Shares of CECO opened at $25.14 on Tuesday. The company has a market capitalization of $879.65 million, a PE ratio of 76.18, a P/E/G ratio of 1.39 and a beta of 1.43. CECO Environmental Corp. has a 52-week low of $20.00 and a 52-week high of $35.16. The company has a 50-day simple moving average of $26.25 and a 200-day simple moving average of $27.81. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The business had revenue of $158.60 million for the quarter, compared to analyst estimates of $156.09 million. During the same quarter in the previous year, the company earned $0.28 EPS. The company’s quarterly revenue was up 3.2% on a year-over-year basis. Equities research analysts predict that CECO Environmental Corp. will post 0.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CECO shares. Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 price target on shares of CECO Environmental in a report on Wednesday, February 26th. Craig Hallum raised their target price on shares of CECO Environmental from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Northland Securities boosted their price target on shares of CECO Environmental from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Finally, HC Wainwright restated a “neutral” rating on shares of CECO Environmental in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, CECO Environmental presently has an average rating of “Moderate Buy” and an average target price of $36.20.

CECO Environmental Profile

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.