Rhumbline Advisers boosted its position in shares of CECO Environmental Corp. (NASDAQ:CECE) by 43.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,233 shares of the industrial products company’s stock after acquiring an additional 13,146 shares during the quarter. Rhumbline Advisers’ holdings in CECO Environmental were worth $292,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CECE. Strs Ohio purchased a new stake in CECO Environmental during the fourth quarter valued at $56,000. Signet Investment Advisory Group Inc. purchased a new stake in CECO Environmental during the fourth quarter valued at $118,000. Bridgeway Capital Management Inc. purchased a new stake in CECO Environmental during the third quarter valued at $158,000. Citadel Advisors LLC increased its position in CECO Environmental by 21.8% during the third quarter. Citadel Advisors LLC now owns 37,436 shares of the industrial products company’s stock valued at $295,000 after acquiring an additional 6,710 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in CECO Environmental during the fourth quarter valued at $440,000. Institutional investors own 67.21% of the company’s stock.

In other CECO Environmental news, Director David B. Liner acquired 5,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was purchased at an average price of $7.13 per share, with a total value of $35,650.00. Following the completion of the purchase, the director now directly owns 42,860 shares in the company, valued at approximately $305,591.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders bought 7,000 shares of company stock valued at $48,830. Corporate insiders own 13.44% of the company’s stock.

A number of analysts have commented on CECE shares. Zacks Investment Research upgraded CECO Environmental from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a research report on Wednesday, January 23rd. Maxim Group restated a “buy” rating and issued a $10.00 price target on shares of CECO Environmental in a research report on Tuesday, January 15th. BidaskClub upgraded CECO Environmental from a “sell” rating to a “hold” rating in a research report on Thursday, February 28th. B. Riley started coverage on CECO Environmental in a research report on Tuesday, February 12th. They issued a “buy” rating and a $9.50 price target for the company. Finally, ValuEngine upgraded CECO Environmental from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $9.17.

Shares of CECE opened at $7.29 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.55 and a quick ratio of 1.35. The stock has a market capitalization of $255.00 million, a price-to-earnings ratio of 25.14, a P/E/G ratio of 1.06 and a beta of 1.11. CECO Environmental Corp. has a 52 week low of $4.37 and a 52 week high of $9.18.

CECO Environmental (NASDAQ:CECE) last issued its quarterly earnings results on Thursday, March 7th. The industrial products company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $93.85 million during the quarter, compared to analysts’ expectations of $88.91 million. CECO Environmental had a positive return on equity of 5.36% and a negative net margin of 2.11%. As a group, research analysts anticipate that CECO Environmental Corp. will post 0.46 earnings per share for the current fiscal year.

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CECO Environmental Profile

CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other markets worldwide. The company operates through three segments: Energy Solutions, Environmental Solutions, and Fluid Handling and Filtration Solutions. The company engineers, designs, builds, and installs systems that capture, clean, and destroy airborne contaminants from industrial facilities, as well as equipment that control emissions from such facilities; and fluid handling and filtration systems.

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Institutional Ownership by Quarter for CECO Environmental (NASDAQ:CECE)

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