ValuEngine cut shares of CECO Environmental (NASDAQ:CECE) from a strong-buy rating to a buy rating in a research note released on Monday, February 4th.
Several other equities analysts also recently issued reports on CECE. Zacks Investment Research downgraded shares of CECO Environmental from a strong-buy rating to a hold rating in a report on Thursday, January 3rd. BidaskClub raised shares of CECO Environmental from a sell rating to a hold rating in a research note on Thursday, November 8th. Maxim Group began coverage on shares of CECO Environmental in a research note on Thursday, December 13th. They issued a buy rating and a $10.00 target price for the company. Finally, HC Wainwright began coverage on shares of CECO Environmental in a research note on Tuesday, December 18th. They issued a buy rating and a $9.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $9.08.
CECE stock traded up $0.22 during trading on Monday, hitting $7.84. 73,151 shares of the stock traded hands, compared to its average volume of 72,503. CECO Environmental has a one year low of $4.00 and a one year high of $9.18. The company has a market capitalization of $261.78 million, a P/E ratio of 29.04, a P/E/G ratio of 1.25 and a beta of 1.08. The company has a quick ratio of 1.33, a current ratio of 1.53 and a debt-to-equity ratio of 0.45.
Several institutional investors and hedge funds have recently bought and sold shares of CECE. Trigran Investments Inc. raised its stake in shares of CECO Environmental by 4.9% during the fourth quarter. Trigran Investments Inc. now owns 4,637,498 shares of the industrial products company’s stock worth $31,303,000 after buying an additional 216,771 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of CECO Environmental in the fourth quarter valued at approximately $1,397,000. Dimensional Fund Advisors LP boosted its holdings in shares of CECO Environmental by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,190,438 shares of the industrial products company’s stock valued at $13,449,000 after buying an additional 150,978 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of CECO Environmental in the fourth quarter valued at approximately $440,000. Finally, BlackRock Inc. boosted its holdings in shares of CECO Environmental by 2.0% in the fourth quarter. BlackRock Inc. now owns 2,150,295 shares of the industrial products company’s stock valued at $14,516,000 after buying an additional 41,932 shares during the period. 67.96% of the stock is owned by institutional investors and hedge funds.
About CECO Environmental
CECO Environmental Corp. provides critical solutions to the environmental, energy, and fluid handling and filtration industries worldwide. The company operates through three segments: Energy, Environmental, and Fluid Handling and Filtration. The Energy segment offers gas turbine exhaust systems, dampers and diverters, gas and liquid separation and filtration equipment, selective catalytic reduction and selective non-catalytic reduction systems, acoustical components and silencers, secondary separators, and expansion joints for the power and petrochemical industries.
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