Russell Investments Group Ltd. Buys 98,951 Shares of CECO Environmental Corp. (NASDAQ:CECO)

Russell Investments Group Ltd. lifted its stake in CECO Environmental Corp. (NASDAQ:CECO) by 28.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 448,248 shares of the company’s stock after buying an additional 98,951 shares during the quarter. Russell Investments Group Ltd. owned about 1.29% of CECO Environmental worth $9,090,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in CECO Environmental by 271.2% during the third quarter. Wellington Management Group LLP now owns 629,146 shares of the company’s stock valued at $10,047,000 after acquiring an additional 459,646 shares during the period. First Eagle Investment Management LLC purchased a new stake in shares of CECO Environmental during the third quarter worth about $7,037,000. Loomis Sayles & Co. L P bought a new stake in CECO Environmental during the 3rd quarter valued at approximately $6,891,000. RK Capital Management LLC lifted its holdings in CECO Environmental by 36.6% in the 3rd quarter. RK Capital Management LLC now owns 884,347 shares of the company’s stock worth $14,123,000 after purchasing an additional 237,093 shares in the last quarter. Finally, EAM Investors LLC bought a new position in CECO Environmental in the 3rd quarter worth approximately $2,907,000. 68.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and set a $30.00 price objective on shares of CECO Environmental in a research report on Wednesday, May 1st. Craig Hallum boosted their price target on shares of CECO Environmental from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Roth Mkm raised their price objective on CECO Environmental from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Needham & Company LLC lifted their target price on CECO Environmental from $23.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Finally, Northland Securities increased their price target on CECO Environmental from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $27.40.

Insider Buying and Selling at CECO Environmental

In other news, Director Richard F. Wallman bought 5,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the acquisition, the director now owns 191,853 shares of the company’s stock, valued at $4,211,173.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other CECO Environmental news, Director Laurie Siegel acquired 2,500 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of $19.87 per share, with a total value of $49,675.00. Following the transaction, the director now directly owns 7,906 shares of the company’s stock, valued at approximately $157,092.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard F. Wallman bought 5,000 shares of CECO Environmental stock in a transaction on Wednesday, May 1st. The stock was acquired at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the purchase, the director now owns 191,853 shares of the company’s stock, valued at $4,211,173.35. The disclosure for this purchase can be found here. Company insiders own 16.90% of the company’s stock.

CECO Environmental Stock Up 2.8 %

Shares of NASDAQ:CECO opened at $23.07 on Tuesday. The company has a 50-day moving average price of $22.77 and a 200 day moving average price of $20.52. The company has a current ratio of 1.38, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53. CECO Environmental Corp. has a 12 month low of $10.68 and a 12 month high of $25.82. The company has a market cap of $806.07 million, a price-to-earnings ratio of 65.91, a PEG ratio of 1.60 and a beta of 1.24.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Tuesday, April 30th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. CECO Environmental had a return on equity of 11.57% and a net margin of 2.23%. The firm had revenue of $126.30 million during the quarter, compared to analysts’ expectations of $135.82 million. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. As a group, equities research analysts predict that CECO Environmental Corp. will post 0.94 earnings per share for the current year.

CECO Environmental Company Profile

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.