American Century Companies Inc. grew its position in shares of CECO Environmental Corp. (NASDAQ:CECE) by 446.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 635,963 shares of the industrial products company’s stock after purchasing an additional 519,504 shares during the period. American Century Companies Inc. owned 1.84% of CECO Environmental Corp. worth $5,380,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. American International Group Inc. boosted its stake in shares of CECO Environmental Corp. by 7.1% during the 1st quarter. American International Group Inc. now owns 18,019 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 1,187 shares during the last quarter. Martingale Asset Management L P boosted its stake in shares of CECO Environmental Corp. by 1.1% during the 2nd quarter. Martingale Asset Management L P now owns 115,459 shares of the industrial products company’s stock worth $1,060,000 after purchasing an additional 1,200 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of CECO Environmental Corp. by 3.6% during the 2nd quarter. Rhumbline Advisers now owns 35,403 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 1,240 shares during the last quarter. Martin & Co. Inc. TN boosted its stake in shares of CECO Environmental Corp. by 0.9% during the 2nd quarter. Martin & Co. Inc. TN now owns 171,035 shares of the industrial products company’s stock worth $1,570,000 after purchasing an additional 1,550 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of CECO Environmental Corp. by 10.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,404 shares of the industrial products company’s stock worth $242,000 after acquiring an additional 2,471 shares during the period. 68.80% of the stock is currently owned by institutional investors.

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CECO Environmental Corp. (CECE) opened at $5.40 on Thursday. CECO Environmental Corp. has a 1-year low of $5.15 and a 1-year high of $14.88. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 1.38. The company has a market cap of $180.48, a P/E ratio of 7.88, a P/E/G ratio of 0.89 and a beta of 1.46.

CECO Environmental Corp. (NASDAQ:CECE) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $85.00 million during the quarter, compared to analysts’ expectations of $92.66 million. During the same quarter in the previous year, the business posted $0.24 EPS. The company’s quarterly revenue was down 16.3% on a year-over-year basis. equities analysts expect that CECO Environmental Corp. will post 0.39 EPS for the current fiscal year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of CECO Environmental Corp. from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. BidaskClub lowered shares of CECO Environmental Corp. from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. ValuEngine lowered shares of CECO Environmental Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. William Blair lowered shares of CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, August 11th. Finally, Roth Capital restated a “neutral” rating on shares of CECO Environmental Corp. in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price 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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