CECO Environmental Corp. (CECE) Rating Reiterated by Roth Capital

CECO Environmental Corp. (NASDAQ:CECE)‘s stock had its “neutral” rating reaffirmed by Roth Capital in a research report issued to clients and investors on Thursday.

A number of other equities analysts also recently commented on CECE. ValuEngine downgraded shares of CECO Environmental Corp. from a “buy” rating to a “hold” rating in a research note on Thursday. William Blair downgraded shares of CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, BidaskClub downgraded shares of CECO Environmental Corp. from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. CECO Environmental Corp. currently has a consensus rating of “Hold” and an average target price of $12.33.

Shares of CECO Environmental Corp. (NASDAQ CECE) traded up $0.01 during midday trading on Thursday, reaching $5.96. 779,500 shares of the company were exchanged, compared to its average volume of 190,905. The firm has a market cap of $206.51, a price-to-earnings ratio of 9.02, a PEG ratio of 0.72 and a beta of 1.46. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.33 and a current ratio of 1.57. CECO Environmental Corp. has a 12-month low of $5.40 and a 12-month high of $14.88.

CECO Environmental Corp. (NASDAQ:CECE) last posted its quarterly earnings data 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). CECO Environmental Corp. had a positive return on equity of 11.91% and a negative net margin of 11.47%. The business had revenue of $85.00 million for the quarter, compared to analyst estimates of $92.66 million. During the same quarter in the prior year, the company earned $0.24 earnings per share. The company’s quarterly revenue was down 16.3% on a year-over-year basis. analysts expect that CECO Environmental Corp. will post 0.55 earnings per share for the current fiscal year.

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In related news, Director Jonathan Pollack purchased 6,800 shares of the stock in a transaction on Wednesday, August 16th. The shares were purchased at an average cost of $7.31 per share, with a total value of $49,708.00. Following the acquisition, the director now directly owns 26,146 shares in the company, valued at $191,127.26. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jason Dezwirek purchased 25,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was bought at an average cost of $7.27 per share, for a total transaction of $181,750.00. Following the completion of the acquisition, the director now owns 1,410,616 shares in the company, valued at $10,255,178.32. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 36,800 shares of company stock worth $259,428. Insiders own 14.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. American International Group Inc. increased its holdings in shares of CECO Environmental Corp. by 7.1% during the first quarter. American International Group Inc. now owns 18,019 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 1,187 shares during the period. Martingale Asset Management L P increased its holdings in shares of CECO Environmental Corp. by 1.1% during the second quarter. Martingale Asset Management L P now owns 115,459 shares of the industrial products company’s stock worth $1,060,000 after purchasing an additional 1,200 shares during the period. Rhumbline Advisers increased its holdings in shares of CECO Environmental Corp. by 3.6% during the second quarter. Rhumbline Advisers now owns 35,403 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 1,240 shares during the period. Martin & Co. Inc. TN increased its holdings in shares of CECO Environmental Corp. by 0.9% during the second quarter. Martin & Co. Inc. TN now owns 171,035 shares of the industrial products company’s stock worth $1,570,000 after purchasing an additional 1,550 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of CECO Environmental Corp. by 1.7% during the second quarter. American Century Companies Inc. now owns 116,459 shares of the industrial products company’s stock worth $1,069,000 after purchasing an additional 1,952 shares during the period. 67.77% of the stock is currently owned by institutional investors.

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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