Semanteon Capital Management LP Invests $748,000 in CECO Environmental Corp. (NASDAQ:CECO)

Semanteon Capital Management LP acquired a new position in CECO Environmental Corp. (NASDAQ:CECO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 36,870 shares of the company’s stock, valued at approximately $748,000.

A number of other hedge funds have also recently made changes to their positions in CECO. Vanguard Group Inc. lifted its position in shares of CECO Environmental by 1.0% in the third quarter. Vanguard Group Inc. now owns 1,440,579 shares of the company’s stock worth $23,006,000 after buying an additional 13,747 shares in the last quarter. RK Capital Management LLC lifted its position in shares of CECO Environmental by 36.6% in the third quarter. RK Capital Management LLC now owns 884,347 shares of the company’s stock worth $14,123,000 after buying an additional 237,093 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of CECO Environmental by 271.2% in the third quarter. Wellington Management Group LLP now owns 629,146 shares of the company’s stock worth $10,047,000 after buying an additional 459,646 shares in the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of CECO Environmental in the third quarter worth about $7,037,000. Finally, Loomis Sayles & Co. L P purchased a new stake in shares of CECO Environmental in the third quarter worth about $6,891,000. Institutional investors own 68.08% of the company’s stock.

CECO Environmental Trading Up 0.2 %

CECO stock traded up $0.06 during midday trading on Friday, reaching $25.32. 282,178 shares of the company traded hands, compared to its average volume of 243,139. CECO Environmental Corp. has a 52-week low of $10.68 and a 52-week high of $25.73. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.39. The business has a 50 day moving average of $22.50 and a 200-day moving average of $20.18. The firm has a market capitalization of $882.91 million, a price-to-earnings ratio of 68.43, a P/E/G ratio of 1.68 and a beta of 1.23.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. CECO Environmental had a return on equity of 11.57% and a net margin of 2.37%. The business had revenue of $153.71 million for the quarter, compared to the consensus estimate of $149.10 million. During the same period in the prior year, the business posted $0.21 earnings per share. As a group, sell-side analysts expect that CECO Environmental Corp. will post 0.96 earnings per share for the current fiscal year.

Insider Transactions at CECO Environmental

In other CECO Environmental news, Director Laurie Siegel purchased 2,500 shares of CECO Environmental stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $19.87 per share, for a total transaction of $49,675.00. Following the completion of the acquisition, the director now owns 7,906 shares in the company, valued at approximately $157,092.22. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 15.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CECO shares. Northland Securities boosted their target price on CECO Environmental from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Needham & Company LLC boosted their target price on CECO Environmental from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. HC Wainwright boosted their target price on CECO Environmental from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Roth Mkm upped their price objective on CECO Environmental from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $26.50.

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.