Clean Yield Group cut its stake in CECO Environmental Corp. (NASDAQ:CECE) by 8.3% during the second quarter, Holdings Channel reports. The institutional investor owned 33,194 shares of the company’s stock after selling 3,000 shares during the period. Clean Yield Group’s holdings in CECO Environmental Corp. were worth $290,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of CECO Environmental Corp. during the second quarter valued at approximately $106,000. Metropolitan Life Insurance Co. NY increased its position in shares of CECO Environmental Corp. by 8.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 19,034 shares of the company’s stock valued at $118,000 after buying an additional 1,561 shares in the last quarter. IFP Advisors Inc increased its position in shares of CECO Environmental Corp. by 285,714.3% in the first quarter. IFP Advisors Inc now owns 20,007 shares of the company’s stock valued at $124,000 after buying an additional 20,000 shares in the last quarter. Kirr Marbach & Co. LLC IN increased its position in shares of CECO Environmental Corp. by 2.4% in the second quarter. Kirr Marbach & Co. LLC IN now owns 19,435 shares of the company’s stock valued at $170,000 after buying an additional 450 shares in the last quarter. Finally, Green Square Capital LLC increased its position in shares of CECO Environmental Corp. by 13.8% in the second quarter. Green Square Capital LLC now owns 65,822 shares of the company’s stock valued at $575,000 after buying an additional 8,000 shares in the last quarter. 53.82% of the stock is currently owned by institutional investors.
CECO Environmental Corp. (NASDAQ:CECE) traded down 1.15% during mid-day trading on Monday, hitting $11.15. The stock had a trading volume of 120,659 shares. CECO Environmental Corp. has a one year low of $5.60 and a one year high of $11.75. The firm’s market capitalization is $378.67 million. The stock’s 50 day moving average price is $11.01 and its 200 day moving average price is $8.65.
CECO Environmental Corp. (NASDAQ:CECE) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. The business earned $112.30 million during the quarter, compared to the consensus estimate of $107.03 million. CECO Environmental Corp. had a positive return on equity of 11.06% and a negative net margin of 0.18%. CECO Environmental Corp.’s quarterly revenue was up 29.1% on a year-over-year basis. During the same period last year, the company earned $0.32 earnings per share. Analysts forecast that CECO Environmental Corp. will post $0.80 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were issued a dividend of $0.066 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 2.37%. CECO Environmental Corp.’s payout ratio is presently -520.00%.
Several brokerages have commented on CECE. Needham & Company LLC lifted their price target on CECO Environmental Corp. from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Zacks Investment Research raised CECO Environmental Corp. from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Monday, September 19th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $10.93.
CECO Environmental Corp. Company Profile
CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company focuses 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.
Want to see what other hedge funds are holding CECE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CECO Environmental Corp. (NASDAQ:CECE).
Receive News & Ratings for CECO Environmental Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CECO Environmental Corp. and related companies with MarketBeat.com's FREE daily email newsletter.