Driehaus Capital Management LLC Sells 6,635 Shares of CECO Environmental Corp. (NASDAQ:CECO)

Driehaus Capital Management LLC lowered its position in CECO Environmental Corp. (NASDAQ:CECO) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 583,866 shares of the company’s stock after selling 6,635 shares during the period. Driehaus Capital Management LLC’s holdings in CECO Environmental were worth $17,650,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Rhumbline Advisers boosted its stake in shares of CECO Environmental by 2.7% in the fourth quarter. Rhumbline Advisers now owns 40,614 shares of the company’s stock worth $1,228,000 after acquiring an additional 1,080 shares during the period. Jones Financial Companies Lllp lifted its holdings in CECO Environmental by 127.0% in the 4th quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company’s stock worth $90,000 after purchasing an additional 1,658 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in CECO Environmental by 18.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,373 shares of the company’s stock worth $344,000 after purchasing an additional 1,779 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in CECO Environmental by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 237,464 shares of the company’s stock valued at $7,179,000 after buying an additional 1,967 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of CECO Environmental by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 691,705 shares of the company’s stock valued at $20,916,000 after buying an additional 2,218 shares during the last quarter. Hedge funds and other institutional investors own 68.08% of the company’s stock.

Insider Buying and Selling

In related news, insider Peter K. Johansson sold 22,500 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $22.80, for a total value of $513,000.00. Following the completion of the sale, the insider now directly owns 62,160 shares in the company, valued at $1,417,248. This trade represents a 26.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman acquired 1,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $25.15 per share, for a total transaction of $25,150.00. Following the transaction, the director now directly owns 207,117 shares of the company’s stock, valued at approximately $5,208,992.55. The trade was a 0.49 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 18.40% of the stock is currently owned by company insiders.

CECO Environmental Stock Up 0.4 %

NASDAQ CECO opened at $25.53 on Friday. The stock has a 50 day moving average price of $22.25 and a 200-day moving average price of $26.38. CECO Environmental Corp. has a one year low of $17.57 and a one year high of $35.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.30. The company has a market capitalization of $900.39 million, a P/E ratio of 77.37, a P/E/G ratio of 1.39 and a beta of 1.31.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The business had revenue of $176.70 million during the quarter, compared to analyst estimates of $151.53 million. The business’s revenue for the quarter was up 39.9% compared to the same quarter last year. As a group, equities analysts predict that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CECO has been the subject of a number of research reports. HC Wainwright upgraded shares of CECO Environmental from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Wednesday, April 30th. Needham & Company LLC increased their price objective on shares of CECO Environmental from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, April 30th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CECO Environmental has an average rating of “Buy” and an average price target of $36.00.

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.