Public Employees Retirement System of Ohio Buys Shares of 40,516 CECO Environmental Corp. (CECE)

Public Employees Retirement System of Ohio bought a new position in CECO Environmental Corp. (NASDAQ:CECE) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 40,516 shares of the industrial products company’s stock, valued at approximately $372,000. Public Employees Retirement System of Ohio owned approximately 0.12% of CECO Environmental Corp. at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Trigran Investments Inc. boosted its stake in shares of CECO Environmental Corp. by 26.1% during the second quarter. Trigran Investments Inc. now owns 2,084,082 shares of the industrial products company’s stock valued at $19,132,000 after purchasing an additional 431,432 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of CECO Environmental Corp. by 20.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,649,009 shares of the industrial products company’s stock valued at $17,331,000 after purchasing an additional 279,323 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of CECO Environmental Corp. by 13.9% during 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 purchasing an additional 146,895 shares in the last quarter. Bowling Portfolio Management LLC bought a new position in shares of CECO Environmental Corp. during the second quarter valued at approximately $1,095,000. Finally, King Luther Capital Management Corp boosted its stake in shares of CECO Environmental Corp. by 6.1% during the second quarter. King Luther Capital Management Corp now owns 1,841,429 shares of the industrial products company’s stock valued at $16,904,000 after purchasing an additional 105,800 shares in the last quarter. Institutional investors and hedge funds own 69.42% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Roth Capital reiterated a “neutral” rating on shares of CECO Environmental Corp. in a research note on Thursday, November 9th. Needham & Company LLC downgraded shares of CECO Environmental Corp. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. ValuEngine downgraded shares of CECO Environmental Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. William Blair downgraded shares of CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, August 11th. Finally, Zacks Investment Research upgraded shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $12.33.

Shares of CECO Environmental Corp. (CECE) opened at $5.49 on Wednesday. CECO Environmental Corp. has a 52-week low of $5.40 and a 52-week high of $14.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.38 and a current ratio of 1.57. The company has a market cap of $196.45, a P/E ratio of 8.58, a P/E/G ratio of 0.97 and a beta of 1.46.

CECO Environmental Corp. (NASDAQ:CECE) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.12). CECO Environmental Corp. had a negative net margin of 11.47% and a positive return on equity of 11.91%. The firm had revenue of $85.00 million for the quarter, compared to analysts’ expectations of $92.66 million. During the same period in the previous year, the company earned $0.24 EPS. The company’s revenue was down 16.3% on a year-over-year basis. equities analysts forecast that CECO Environmental Corp. will post 0.39 EPS for the current fiscal year.

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CECO Environmental Corp. 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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