Shares of CECO Environmental Corp. (NASDAQ:CECE) hit a new 52-week high on Monday . The stock traded as high as $11.44 and last traded at $11.20, with a volume of 298,037 shares changing hands. The stock had previously closed at $11.00.

Several brokerages have recently weighed in on CECE. Needham & Company LLC raised their target price on CECO Environmental Corp. from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Seaport Global Securities raised shares of CECO Environmental Corp. from a “speculative buy” rating to a “buy” rating in a research report on Wednesday, May 11th. Canaccord Genuity reaffirmed a “buy” rating and set a $12.00 price target on shares of CECO Environmental Corp. in a research report on Friday, May 13th. Finally, Zacks Investment Research raised shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $10.61.

The stock has a 50-day moving average price of $9.47 and a 200 day moving average price of $7.67. The firm’s market cap is $380.59 million.

CECO Environmental Corp. (NASDAQ:CECE) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $107.03 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 29.1% compared to the same quarter last year. Equities analysts expect that CECO Environmental Corp. will post $0.80 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a dividend of $0.066 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.26 annualized dividend and a dividend yield of 2.31%.

A hedge fund recently raised its stake in CECO Environmental Corp. stock. Dimensional Fund Advisors LP increased its stake in CECO Environmental Corp. (NASDAQ:CECE) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 910,511 shares of the company’s stock after buying an additional 79,823 shares during the period. Dimensional Fund Advisors LP owned about 2.69% of CECO Environmental Corp. worth $6,993,000 at the end of the most recent quarter.

CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company focuses 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.