CECO Environmental Corp. (NASDAQ:CECO) Shares Bought by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd lifted its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 86.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,098 shares of the company’s stock after buying an additional 30,598 shares during the period. CECO Environmental makes up about 1.0% of Gordian Capital Singapore Pte Ltd’s holdings, making the stock its 20th biggest holding. Gordian Capital Singapore Pte Ltd’s holdings in CECO Environmental were worth $1,998,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Hood River Capital Management LLC boosted its holdings in CECO Environmental by 63.0% in the fourth quarter. Hood River Capital Management LLC now owns 1,740,740 shares of the company’s stock valued at $52,623,000 after acquiring an additional 673,050 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of CECO Environmental by 6,409.3% in the 4th quarter. Voya Investment Management LLC now owns 645,853 shares of the company’s stock worth $19,524,000 after purchasing an additional 635,931 shares during the period. Raymond James Financial Inc. acquired a new position in shares of CECO Environmental in the 4th quarter valued at about $7,334,000. Capital International Investors lifted its stake in shares of CECO Environmental by 12.1% in the 4th quarter. Capital International Investors now owns 1,971,334 shares of the company’s stock valued at $59,593,000 after purchasing an additional 212,476 shares in the last quarter. Finally, Peregrine Capital Management LLC purchased a new stake in shares of CECO Environmental during the 4th quarter worth about $6,278,000. 68.08% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CECO Environmental

In other news, insider Peter K. Johansson sold 22,500 shares of the company’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $22.80, for a total value of $513,000.00. Following the sale, the insider now owns 62,160 shares in the company, valued at approximately $1,417,248. This represents a 26.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard F. Wallman bought 1,000 shares of CECO Environmental stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $25.15 per share, for a total transaction of $25,150.00. Following the acquisition, the director now owns 207,117 shares in the company, valued at $5,208,992.55. The trade was a 0.49% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 16.90% of the company’s stock.

CECO Environmental Price Performance

Shares of CECO stock opened at $27.25 on Thursday. The firm has a fifty day simple moving average of $22.75 and a 200-day simple moving average of $26.46. The company has a market capitalization of $961.05 million, a PE ratio of 82.58, a price-to-earnings-growth ratio of 1.39 and a beta of 1.31. CECO Environmental Corp. has a twelve month low of $17.57 and a twelve month high of $35.16. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $176.70 million for the quarter, compared to analyst estimates of $151.53 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The company’s quarterly revenue was up 39.9% compared to the same quarter last year. Equities research analysts anticipate that CECO Environmental Corp. will post 0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CECO shares. Needham & Company LLC boosted their price objective on shares of CECO Environmental from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. HC Wainwright raised shares of CECO Environmental from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Wednesday, April 30th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, CECO Environmental has a consensus rating of “Buy” and a consensus target price of $36.00.

About CECO Environmental

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.