Robeco Schweiz AG Trims Holdings in CECO Environmental Corp. (NASDAQ:CECO)

Robeco Schweiz AG trimmed its holdings in shares of CECO Environmental Corp. (NASDAQ:CECO) by 6.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 531,253 shares of the company’s stock after selling 34,002 shares during the quarter. Robeco Schweiz AG owned 1.52% of CECO Environmental worth $16,060,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CECO. Private Advisor Group LLC lifted its holdings in CECO Environmental by 5.8% during the 3rd quarter. Private Advisor Group LLC now owns 16,065 shares of the company’s stock valued at $453,000 after buying an additional 885 shares in the last quarter. Van ECK Associates Corp increased its position in shares of CECO Environmental by 466.4% during the third quarter. Van ECK Associates Corp now owns 379,877 shares of the company’s stock worth $10,082,000 after acquiring an additional 312,803 shares during the period. Principal Financial Group Inc. raised its stake in shares of CECO Environmental by 17.6% during the third quarter. Principal Financial Group Inc. now owns 22,246 shares of the company’s stock valued at $627,000 after acquiring an additional 3,330 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of CECO Environmental in the third quarter valued at approximately $69,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of CECO Environmental by 71.6% in the third quarter. First Horizon Advisors Inc. now owns 1,416 shares of the company’s stock valued at $40,000 after purchasing an additional 591 shares during the period. 68.08% of the stock is owned by hedge funds and other institutional investors.

CECO Environmental Price Performance

CECO opened at $24.52 on Thursday. The firm has a market capitalization of $857.69 million, a PE ratio of 74.31, a price-to-earnings-growth ratio of 1.39 and a beta of 1.41. The business’s 50-day moving average is $28.60 and its two-hundred day moving average is $28.26. CECO Environmental Corp. has a 1 year low of $18.50 and a 1 year high of $35.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $158.60 million during the quarter, compared to analyst estimates of $156.09 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. CECO Environmental’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS. Research analysts anticipate that CECO Environmental Corp. will post 0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on CECO. Northland Securities lifted their target price on CECO Environmental from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Needham & Company LLC restated a “buy” rating and set a $33.00 price target on shares of CECO Environmental in a research note on Wednesday. HC Wainwright reaffirmed a “neutral” rating on shares of CECO Environmental in a research note on Wednesday. Finally, Craig Hallum raised their target price on shares of CECO Environmental from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $36.20.

CECO Environmental 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.