Clean Yield Group reduced its stake in shares of CECO Environmental Corp. (NASDAQ:CECE) by 15.3% during the second quarter, Holdings Channel reports. The institutional investor owned 19,877 shares of the industrial products company’s stock after selling 3,584 shares during the period. Clean Yield Group’s holdings in CECO Environmental Corp. were worth $195,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. State Street Corp increased its stake in shares of CECO Environmental Corp. by 23.3% in the fourth quarter. State Street Corp now owns 435,744 shares of the industrial products company’s stock valued at $6,078,000 after buying an additional 82,263 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CECO Environmental Corp. by 14.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,369,686 shares of the industrial products company’s stock valued at $19,107,000 after buying an additional 173,487 shares in the last quarter. FMR LLC increased its stake in shares of CECO Environmental Corp. by 5.4% in the fourth quarter. FMR LLC now owns 1,080,200 shares of the industrial products company’s stock valued at $15,069,000 after buying an additional 55,000 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of CECO Environmental Corp. by 68.3% in the fourth quarter. Renaissance Technologies LLC now owns 290,183 shares of the industrial products company’s stock valued at $4,048,000 after buying an additional 117,800 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new stake in shares of CECO Environmental Corp. during the fourth quarter valued at about $153,000. 68.85% of the stock is currently owned by institutional investors.

Shares of CECO Environmental Corp. (NASDAQ:CECE) opened at 9.87 on Wednesday. The firm’s market capitalization is $340.13 million. CECO Environmental Corp. has a 52-week low of $8.77 and a 52-week high of $14.88. The company’s 50-day moving average price is $9.52 and its 200-day moving average price is $10.96.

CECO Environmental Corp. (NASDAQ:CECE) last released its quarterly earnings results on Wednesday, May 10th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The firm had revenue of $92.70 million during the quarter, compared to the consensus estimate of $97.10 million. CECO Environmental Corp. had a negative net margin of 10.15% and a positive return on equity of 15.78%. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 earnings per share. On average, equities research analysts expect that CECO Environmental Corp. will post $0.83 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Wednesday, June 14th. CECO Environmental Corp.’s payout ratio is currently -25.00%.

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CECE has been the topic of several research analyst reports. Needham & Company LLC raised CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and raised their price target for the company from $9.51 to $13.00 in a research report on Thursday, July 6th. BidaskClub raised CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Zacks Investment Research raised CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $13.25.

About CECO Environmental Corp.

CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company is focused 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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Institutional Ownership by Quarter for CECO Environmental Corp. (NASDAQ:CECE)

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