Prudential Financial Inc. raised its stake in CECO Environmental Corp. (NASDAQ:CECE) by 21.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 102,550 shares of the industrial products company’s stock after buying an additional 18,000 shares during the period. Prudential Financial Inc. owned about 0.30% of CECO Environmental worth $868,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CECE. Tudor Investment Corp ET AL bought a new stake in shares of CECO Environmental in the 2nd quarter valued at about $101,000. Voya Investment Management LLC boosted its position in shares of CECO Environmental by 23.2% during the 2nd quarter. Voya Investment Management LLC now owns 15,660 shares of the industrial products company’s stock valued at $144,000 after purchasing an additional 2,947 shares in the last quarter. Bank of America Corp DE boosted its position in shares of CECO Environmental by 32.8% during the 1st quarter. Bank of America Corp DE now owns 21,696 shares of the industrial products company’s stock valued at $228,000 after purchasing an additional 5,353 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of CECO Environmental by 10.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,404 shares of the industrial products company’s stock valued at $242,000 after purchasing an additional 2,471 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of CECO Environmental by 3.6% during the 2nd quarter. Rhumbline Advisers now owns 35,403 shares of the industrial products company’s stock valued at $325,000 after purchasing an additional 1,240 shares in the last quarter. Hedge funds and other institutional investors own 67.49% of the company’s stock.

Several brokerages recently commented on CECE. Zacks Investment Research lowered CECO Environmental from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. ValuEngine lowered CECO Environmental from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Roth Capital restated a “neutral” rating on shares of CECO Environmental in a research report on Thursday, November 9th. TheStreet lowered CECO Environmental from a “c-” rating to a “d+” rating in a research report on Monday, November 27th. Finally, Needham & Company LLC lowered CECO Environmental from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Two 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. The company has a consensus rating of “Hold” and a consensus target price of $12.00.

CECO Environmental Corp. (CECE) opened at $4.70 on Friday. The stock has a market capitalization of $163.13, a P/E ratio of 7.52, a price-to-earnings-growth ratio of 0.85 and a beta of 1.30. The company has a quick ratio of 1.38, a current ratio of 1.57 and a debt-to-equity ratio of 0.54. CECO Environmental Corp. has a fifty-two week low of $4.68 and a fifty-two week high of $14.82.

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

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CECO Environmental 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 (NASDAQ:CECE)

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