CECO Environmental Corp. (CECE) Shares Sold by California State Teachers Retirement System
California State Teachers Retirement System cut its position in CECO Environmental Corp. (NASDAQ:CECE) by 0.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 61,400 shares of the company’s stock after selling 200 shares during the period. California State Teachers Retirement System owned about 0.18% of CECO Environmental Corp. worth $537,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of CECE. IFP Advisors Inc increased its stake in CECO Environmental Corp. by 285,714.3% in the first quarter. IFP Advisors Inc now owns 20,007 shares of the company’s stock worth $124,000 after buying an additional 20,000 shares during the last quarter. State Street Corp increased its stake in CECO Environmental Corp. by 11.8% in the first quarter. State Street Corp now owns 351,059 shares of the company’s stock worth $2,179,000 after buying an additional 37,096 shares during the last quarter. Geode Capital Management LLC increased its stake in CECO Environmental Corp. by 1.2% in the first quarter. Geode Capital Management LLC now owns 205,242 shares of the company’s stock worth $1,274,000 after buying an additional 2,438 shares during the last quarter. Renaissance Technologies LLC increased its stake in CECO Environmental Corp. by 74.0% in the first quarter. Renaissance Technologies LLC now owns 146,383 shares of the company’s stock worth $909,000 after buying an additional 62,260 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in 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 worth $118,000 after buying an additional 1,561 shares during the last quarter. 53.82% of the stock is currently owned by institutional investors.
Shares of CECO Environmental Corp. (NASDAQ:CECE) traded down 0.55% during trading on Friday, reaching $10.77. The company’s stock had a trading volume of 105,942 shares. The company’s market capitalization is $365.76 million. The stock has a 50 day moving average of $11.01 and a 200-day moving average of $8.75. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. CECO Environmental Corp.’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 earnings per share. On average, analysts expect that CECO Environmental Corp. will post $0.80 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were given a $0.066 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.26 annualized dividend and a dividend yield of 2.45%. CECO Environmental Corp.’s dividend payout ratio (DPR) is presently -520.00%.
CECE has been the topic of several analyst reports. Needham & Company LLC boosted their target price on CECO Environmental Corp. from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. Zacks Investment Research raised CECO Environmental Corp. from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Monday, September 19th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. CECO Environmental Corp. presently has an average rating of “Buy” and a consensus 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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