CECO Environmental Corp. (NASDAQ:CECE) was downgraded by investment analysts at Needham & Company LLC from a “strong-buy” rating to a “buy” rating in a report released on Thursday, Marketbeat Ratings reports.

A number of other brokerages also recently commented on CECE. BidaskClub downgraded shares of CECO Environmental Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. ValuEngine upgraded shares of CECO Environmental Corp. from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. William Blair downgraded shares of CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, August 11th. Finally, Roth Capital restated a “neutral” rating on shares of CECO Environmental Corp. in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $12.33.

Shares of CECO Environmental Corp. (CECE) traded down $0.30 during trading on Thursday, reaching $5.66. 308,600 shares of the company’s stock were exchanged, compared to its average volume of 191,442. The company has a market capitalization of $196.45, a P/E ratio of 9.03, a PEG ratio of 1.02 and a beta of 1.46. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 1.38. CECO Environmental Corp. has a fifty-two week low of $5.40 and a fifty-two week high of $14.88.

CECO Environmental Corp. (NASDAQ:CECE) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.12). The firm had revenue of $85.00 million during the quarter, compared to the consensus estimate of $92.66 million. CECO Environmental Corp. had a positive return on equity of 11.91% and a negative net margin of 11.47%. The business’s revenue for the quarter was down 16.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. equities research analysts predict that CECO Environmental Corp. will post 0.39 EPS for the current year.

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In related news, Director Jonathan Pollack acquired 6,800 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were purchased at an average price of $7.31 per share, for a total transaction of $49,708.00. Following the completion of the acquisition, the director now directly owns 26,146 shares in the company, valued at approximately $191,127.26. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have bought 13,300 shares of company stock worth $86,198. Corporate insiders own 14.30% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in CECO Environmental Corp. by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,787,312 shares of the industrial products company’s stock worth $15,121,000 after buying an additional 12,217 shares during the period. Trigran Investments Inc. increased its holdings in CECO Environmental Corp. by 26.4% in the 3rd quarter. Trigran Investments Inc. now owns 2,634,881 shares of the industrial products company’s stock worth $22,291,000 after buying an additional 550,799 shares during the period. Wells Fargo & Company MN increased its holdings in CECO Environmental Corp. by 14.3% in the 3rd quarter. Wells Fargo & Company MN now owns 336,192 shares of the industrial products company’s stock worth $2,844,000 after buying an additional 42,088 shares during the period. Citadel Advisors LLC increased its holdings in CECO Environmental Corp. by 67.9% in the 3rd quarter. Citadel Advisors LLC now owns 28,768 shares of the industrial products company’s stock worth $243,000 after buying an additional 11,633 shares during the period. Finally, Systematic Financial Management LP increased its holdings in CECO Environmental Corp. by 29.7% in the 3rd quarter. Systematic Financial Management LP now owns 149,750 shares of the industrial products company’s stock worth $1,267,000 after buying an additional 34,320 shares during the period. Institutional investors own 69.42% of the company’s stock.

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.

Analyst Recommendations for CECO Environmental Corp. (NASDAQ:CECE)

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