JPMorgan Chase & Co. lifted its position in CECO Environmental Corp. (NASDAQ:CECE) by 3.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,240,508 shares of the industrial products company’s stock after purchasing an additional 42,772 shares during the period. JPMorgan Chase & Co. owned about 3.60% of CECO Environmental Corp. worth $11,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of CECE. Teachers Advisors LLC lifted its stake in shares of CECO Environmental Corp. by 96.2% in the 4th quarter. Teachers Advisors LLC now owns 96,787 shares of the industrial products company’s stock valued at $1,350,000 after purchasing an additional 47,450 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of CECO Environmental Corp. by 342.2% in the 1st quarter. Russell Investments Group Ltd. now owns 36,191 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 28,007 shares during the period. American Century Companies Inc. acquired a new position in shares of CECO Environmental Corp. in the 1st quarter valued at $1,203,000. Bank of New York Mellon Corp lifted its stake in shares of CECO Environmental Corp. by 9.6% in the 1st quarter. Bank of New York Mellon Corp now owns 257,156 shares of the industrial products company’s stock valued at $2,702,000 after purchasing an additional 22,464 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in shares of CECO Environmental Corp. in the 1st quarter valued at $447,000. Hedge funds and other institutional investors own 67.94% of the company’s stock.

Several equities analysts recently issued reports on the stock. ValuEngine cut shares of CECO Environmental Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research cut shares of CECO Environmental Corp. from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. William Blair cut shares of CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, August 11th. BidaskClub cut shares of CECO Environmental Corp. from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Needham & Company LLC upgraded shares of CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and boosted their target price for the company from $9.51 to $13.00 in a research note on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the stock. CECO Environmental Corp. has a consensus rating of “Hold” and an average target price of $13.25.

In other CECO Environmental Corp. news, Director Jonathan Pollack bought 6,800 shares of CECO Environmental Corp. stock in a transaction on Wednesday, August 16th. The stock was bought at an average price of $7.31 per share, with a total value of $49,708.00. Following the completion of the acquisition, the director now owns 26,146 shares in the company, valued at $191,127.26. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jason Dezwirek bought 25,000 shares of CECO Environmental Corp. stock in a transaction on Tuesday, August 15th. The stock was acquired at an average cost of $7.27 per share, with a total value of $181,750.00. Following the acquisition, the director now owns 1,410,616 shares of the company’s stock, valued at approximately $10,255,178.32. The disclosure for this purchase can be found here. Company insiders own 14.30% of the company’s stock.

CECO Environmental Corp. (CECE) opened at 8.67 on Thursday. The firm’s 50-day moving average is $7.90 and its 200-day moving average is $9.57. The firm’s market capitalization is $299.01 million. CECO Environmental Corp. has a 52-week low of $6.94 and a 52-week high of $14.88.

CECO Environmental Corp. (NASDAQ:CECE) last posted its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.11). CECO Environmental Corp. had a negative net margin of 10.27% and a positive return on equity of 14.60%. The firm had revenue of $93.90 million during the quarter, compared to analysts’ expectations of $99.09 million. During the same quarter last year, the business earned $0.21 earnings per share. The business’s quarterly revenue was down 16.4% on a year-over-year basis. On average, analysts anticipate that CECO Environmental Corp. will post $0.59 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.075 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.30 dividend on an annualized basis and a yield of 3.51%. CECO Environmental Corp.’s dividend payout ratio (DPR) is -25.86%.

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CECO Environmental Corp. Company 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.

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

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