CECO Environmental Corp. (CECE) Shares Bought by Bank of New York Mellon Corp
Bank of New York Mellon Corp raised its stake in shares of CECO Environmental Corp. (NASDAQ:CECE) by 2.4% during the second quarter, Holdings Channel reports. The firm owned 237,765 shares of the company’s stock after buying an additional 5,611 shares during the period. Bank of New York Mellon Corp owned 0.70% of CECO Environmental Corp. worth $2,078,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can acquired a new position in CECO Environmental Corp. during the second quarter valued at approximately $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 period. 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 period. 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 period. Finally, Green Square Capital LLC boosted its position in shares of CECO Environmental Corp. by 13.8% in the second quarter. Green Square Capital LLC now owns 65,822 shares of the company’s stock valued at $575,000 after buying an additional 8,000 shares during the period. Institutional investors own 53.82% of the company’s stock.
CECO Environmental Corp. (NASDAQ:CECE) traded down 0.73% during midday trading on Thursday, reaching $10.93. The company’s stock had a trading volume of 64,951 shares. The firm’s market capitalization is $371.19 million. The firm has a 50 day moving average price of $11.03 and a 200 day moving average price of $8.70. 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 issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ 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. CECO Environmental Corp. had a positive return on equity of 11.06% and a negative net margin of 0.18%. The company’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 EPS. On average, analysts predict that CECO Environmental Corp. will post $0.80 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a $0.066 dividend. This represents a $0.26 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Wednesday, September 14th. CECO Environmental Corp.’s dividend payout ratio is currently -520.00%.
Several equities analysts recently issued reports on CECE shares. Zacks Investment Research upgraded CECO Environmental Corp. from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Monday, September 19th. Needham & Company LLC raised their price objective on 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. CECO Environmental Corp. has a consensus rating of “Buy” and an average target price 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.
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