Bosun Asset Management LLC Sells 531 Shares of CECO Environmental Corp. (NASDAQ:CECO)

Bosun Asset Management LLC lessened its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,990 shares of the company’s stock after selling 531 shares during the quarter. Bosun Asset Management LLC’s holdings in CECO Environmental were worth $1,148,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new position in CECO Environmental in the fourth quarter worth $74,000. Jones Financial Companies Lllp grew its stake in CECO Environmental by 127.0% during the 4th quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company’s stock worth $90,000 after buying an additional 1,658 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in CECO Environmental during the 4th quarter worth $218,000. Bard Associates Inc. purchased a new stake in CECO Environmental in the fourth quarter valued at about $251,000. Finally, Two Sigma Securities LLC acquired a new stake in CECO Environmental in the fourth quarter worth about $262,000. Hedge funds and other institutional investors own 68.08% of the company’s stock.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $25.36 on Tuesday. CECO Environmental Corp. has a 52 week low of $17.57 and a 52 week high of $35.16. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. The firm has a market cap of $894.40 million, a P/E ratio of 76.85, a P/E/G ratio of 1.39 and a beta of 1.31. The business’s 50 day moving average price is $22.21 and its 200 day moving average price is $26.40.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $176.70 million for the quarter, compared to analyst estimates of $151.53 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The business’s revenue was up 39.9% compared to the same quarter last year. On average, sell-side analysts expect that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

Insider Buying and Selling at CECO Environmental

In other news, Director Richard F. Wallman purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $25.15 per share, with a total value of $25,150.00. Following the completion of the acquisition, the director now owns 207,117 shares of the company’s stock, valued at approximately $5,208,992.55. This represents a 0.49 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter K. Johansson sold 5,601 shares of CECO Environmental stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $24.15, for a total transaction of $135,264.15. Following the completion of the transaction, the insider now directly owns 84,660 shares of the company’s stock, valued at $2,044,539. The trade was a 6.21 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 18.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CECO. Craig Hallum upped their price objective on shares of CECO Environmental from $34.00 to $40.00 and gave the company a “buy” rating in a report on Monday, January 6th. Needham & Company LLC upped their price target on shares of CECO Environmental from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Finally, HC Wainwright upgraded shares of CECO Environmental from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $36.00.

About CECO Environmental

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.