Vanguard Group Inc. Has $11.51 Million Position in CECO Environmental Corp. (CECE)

Vanguard Group Inc. increased its stake in shares of CECO Environmental Corp. (NASDAQ:CECE) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,253,869 shares of the industrial products company’s stock after purchasing an additional 49,909 shares during the period. Vanguard Group Inc. owned approximately 3.64% of CECO Environmental Corp. worth $11,511,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Trigran Investments Inc. grew 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 worth $19,132,000 after purchasing an additional 431,432 shares during the period. King Luther Capital Management Corp grew 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 worth $16,904,000 after purchasing an additional 105,800 shares during the period. Dimensional Fund Advisors LP grew 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 worth $17,331,000 after purchasing an additional 279,323 shares during the period. JPMorgan Chase & Co. grew its stake in shares of CECO Environmental Corp. by 3.6% during the second quarter. JPMorgan Chase & Co. now owns 1,240,508 shares of the industrial products company’s stock worth $11,388,000 after purchasing an additional 42,772 shares during the period. Finally, Boston Partners grew its stake in shares of CECO Environmental Corp. by 3.5% during the second quarter. Boston Partners now owns 878,353 shares of the industrial products company’s stock worth $8,063,000 after purchasing an additional 29,801 shares during the period. 68.80% of the stock is owned by institutional investors and hedge funds.

CECO Environmental Corp. (CECE) opened at $5.20 on Wednesday. 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 firm has a market capitalization of $186.38, a PE ratio of 8.14, a price-to-earnings-growth ratio of 0.92 and a beta of 1.46. CECO Environmental Corp. has a twelve month low of $5.15 and a twelve month high of $14.88.

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

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CECE has been the subject of a number of analyst reports. ValuEngine cut CECO Environmental Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research cut CECO Environmental Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Needham & Company LLC cut CECO Environmental Corp. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Roth Capital reaffirmed a “neutral” rating on shares of CECO Environmental Corp. in a research note on Thursday, November 9th. Finally, William Blair cut CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.00.

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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