Green Square Capital LLC Increases Stake in CECO Environmental Corp. (CECE)
Green Square Capital LLC increased its stake in shares of CECO Environmental Corp. (NASDAQ:CECE) by 13.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 65,822 shares of the company’s stock after buying an additional 8,000 shares during the period. Green Square Capital LLC’s holdings in CECO Environmental Corp. were worth $575,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can bought a new position in shares of CECO Environmental Corp. during the second quarter valued at about $106,000. Metropolitan Life Insurance Co. NY boosted its position in shares of CECO Environmental Corp. by 8.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 19,034 shares of the company’s stock valued at $118,000 after buying an additional 1,561 shares during the last quarter. IFP Advisors Inc boosted its position in shares of CECO Environmental Corp. by 285,714.3% in the first quarter. IFP Advisors Inc now owns 20,007 shares of the company’s stock valued at $124,000 after buying an additional 20,000 shares during the last quarter. BlackRock Group LTD boosted its position in shares of CECO Environmental Corp. by 23.4% in the first quarter. BlackRock Group LTD now owns 23,019 shares of the company’s stock valued at $142,000 after buying an additional 4,358 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN boosted its position in shares of CECO Environmental Corp. by 2.4% in the second quarter. Kirr Marbach & Co. LLC IN now owns 19,435 shares of the company’s stock valued at $170,000 after buying an additional 450 shares during the last quarter. Institutional investors and hedge funds own 53.82% of the company’s stock.
CECO Environmental Corp. (NASDAQ:CECE) traded up 1.86% during mid-day trading on Thursday, hitting $10.93. 207,894 shares of the stock traded hands. The stock has a 50-day moving average of $10.76 and a 200 day moving average of $8.39. The firm’s market cap is $371.19 million. CECO Environmental Corp. has a 1-year low of $5.60 and a 1-year high of $11.75.
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, beating analysts’ consensus estimates of $0.18 by $0.03. The company had revenue of $112.30 million for the quarter, compared to analyst estimates of $107.03 million. CECO Environmental Corp. had a negative net margin of 0.18% and a positive return on equity of 11.06%. The business’s quarterly revenue was up 29.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. On average, equities analysts expect that CECO Environmental Corp. will post $0.80 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be paid a $0.066 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 2.42%. CECO Environmental Corp.’s dividend payout ratio (DPR) is presently -520.00%.
A number of analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of CECO Environmental Corp. from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Monday. Needham & Company LLC increased their price target on shares of CECO Environmental Corp. from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $10.93.
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 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.
Want to see what other hedge funds are holding CECE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CECO Environmental Corp. (NASDAQ:CECE).
Receive News & Ratings for CECO Environmental Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CECO Environmental Corp. and related companies with MarketBeat.com's FREE daily email newsletter.