CECO Environmental Corp. (NASDAQ:CECE) Shares Purchased by Northern Trust Corp

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Northern Trust Corp boosted its stake in CECO Environmental Corp. (NASDAQ:CECE) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,522 shares of the industrial products company’s stock after purchasing an additional 5,261 shares during the period. Northern Trust Corp owned approximately 1.00% of CECO Environmental worth $3,372,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of Montreal Can increased its holdings in CECO Environmental by 102.9% in the 2nd quarter. Bank of Montreal Can now owns 5,153 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 2,613 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in CECO Environmental by 3.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 73,457 shares of the industrial products company’s stock valued at $705,000 after purchasing an additional 2,644 shares in the last quarter. SG Americas Securities LLC increased its holdings in CECO Environmental by 83.4% in the 2nd quarter. SG Americas Securities LLC now owns 18,646 shares of the industrial products company’s stock valued at $179,000 after purchasing an additional 8,480 shares in the last quarter. Strs Ohio increased its holdings in CECO Environmental by 34.3% in the 2nd quarter. Strs Ohio now owns 37,200 shares of the industrial products company’s stock valued at $356,000 after purchasing an additional 9,500 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in CECO Environmental by 18.5% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 94,700 shares of the industrial products company’s stock valued at $908,000 after purchasing an additional 14,800 shares in the last quarter. Hedge funds and other institutional investors own 69.43% of the company’s stock.

CECE has been the subject of several recent analyst reports. BidaskClub downgraded CECO Environmental from a “sell” rating to a “strong sell” rating in a research note on Friday, August 9th. B. Riley set a $10.00 target price on CECO Environmental and gave the company a “buy” rating in a research note on Wednesday, August 7th. Zacks Investment Research downgraded CECO Environmental from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Maxim Group set a $10.00 target price on CECO Environmental and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, ValuEngine downgraded CECO Environmental from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. CECO Environmental presently has an average rating of “Buy” and an average target price of $10.00.

Shares of CECO Environmental stock opened at $6.77 on Friday. The business has a 50-day moving average of $7.09 and a 200-day moving average of $8.17. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.61 and a quick ratio of 1.39. The company has a market capitalization of $243.62 million, a PE ratio of 18.21, a P/E/G ratio of 0.94 and a beta of 0.95. CECO Environmental Corp. has a 1-year low of $6.44 and a 1-year high of $9.84.

CECO Environmental (NASDAQ:CECE) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). The business had revenue of $81.18 million for the quarter, compared to analyst estimates of $86.67 million. CECO Environmental had a negative net margin of 1.32% and a positive return on equity of 7.57%. On average, equities analysts expect that CECO Environmental Corp. will post 0.49 earnings per share for the current fiscal year.

CECO Environmental Company Profile

CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other markets worldwide. The company operates through three segments: Energy Solutions, Environmental Solutions, and Fluid Handling and Filtration Solutions. The company engineers, designs, builds, and installs systems that capture, clean, and destroy airborne contaminants from industrial facilities, as well as equipment that control emissions from such facilities; and fluid handling and filtration systems.

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Institutional Ownership by Quarter for CECO Environmental (NASDAQ:CECE)

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