1 week Ago By ABMN Staff
Legal & General Group Plc reduced its holdings in CECO Environmental Corp. ( NASDAQ:CECO – Free Report ) by 4.9% in the 4th quarter, Holdings Channel reports.
The institutional investor owned 29,305 shares of the company’s stock after selling 1,515 shares during the quarter. Legal & General Group Plc’s holdings in CECO Environmental were worth $886,000 at the end of the most recent reporting period. A number of other institutional investors have also recently modified their holdings of the business.
Raymond James Financial Inc. acquired a new stake in CECO Environmental in the fourth quarter valued at $7,334,000. Peregrine Capital Management LLC acquired a new position in CECO Environmental during the fourth quarter worth about $6,278,000.
Thrivent Financial for Lutherans grew its position in CECO Environmental by 53.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 584,712 shares of the company’s stock worth $17,676,000 after buying an additional 204,392 shares during the period.
Advantage Alpha Capital Partners LP purchased a new position in CECO Environmental in the fourth quarter valued at about $5,952,000. Finally, Royce & Associates LP lifted its position in shares of 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 period. 68.08% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at CECO Environmental In related news, Director Richard F. Wallman purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $25.
15 per share, with a total value of $25,150.00. Following the completion of the transaction, the director now 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 position.
The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink . Also, insider Peter K. Johansson sold 22,500 shares of the company’s stock in a transaction that occurred on Monday, March 31st.
The stock was sold at an average price of $22.80, for a total transaction of $513,000.00.
Following the transaction, the insider now directly owns 62,160 shares of the company’s stock, valued at $1,417,248. This trade represents a 26.58 % decrease in their position.
The disclosure for this sale can be found here . Insiders own 16.90% of the company’s stock.
CECO Environmental Trading Up 2.7 % CECO Environmental ( NASDAQ:CECO – Get Free Report ) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.
27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05.
CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%.
The business had revenue of $158.60 million for the quarter, compared to the consensus estimate of $156.09 million.
During the same quarter in the prior year, the firm posted $0.28 earnings per share. The company’s quarterly revenue was up 3.
2% compared to the same quarter last year. Research analysts forecast that CECO Environmental Corp. will post 0.
67 earnings per share for the current fiscal year. Wall Street Analysts Forecast Growth Several equities analysts recently issued reports on the company. HC Wainwright reaffirmed a “neutral” rating on shares of CECO Environmental in a report on Wednesday, February 26th.
Craig Hallum increased their price objective on shares of CECO Environmental from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, January 6th.
Finally, Needham & Company LLC restated a “buy” rating and set a $33.00 target price on shares of CECO Environmental in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company.
Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.20. Get Our Latest Stock Report on CECO Environmental CECO Environmental Profile ( Free Report ) 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.
Read More Want to see what other hedge funds are holding CECO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CECO Environmental Corp. ( NASDAQ:CECO – Free Report ).
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