White Pine Capital LLC Sells 21,863 Shares of CECO Environmental Corp. (NASDAQ:CECO)

White Pine Capital LLC lessened its holdings in CECO Environmental Corp. (NASDAQ:CECO) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 122,276 shares of the company’s stock after selling 21,863 shares during the quarter. CECO Environmental makes up approximately 1.0% of White Pine Capital LLC’s holdings, making the stock its 23rd biggest holding. White Pine Capital LLC owned about 0.35% of CECO Environmental worth $2,480,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CECO. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of CECO Environmental during the fourth quarter worth $159,000. Boston Partners acquired a new stake in shares of CECO Environmental during the third quarter worth $201,000. SG Americas Securities LLC acquired a new stake in shares of CECO Environmental during the third quarter worth $204,000. Weil Company Inc. acquired a new stake in shares of CECO Environmental during the third quarter worth $232,000. Finally, Truvestments Capital LLC lifted its holdings in shares of CECO Environmental by 21.4% during the third quarter. Truvestments Capital LLC now owns 19,701 shares of the company’s stock worth $315,000 after buying an additional 3,467 shares in the last quarter. Institutional investors own 68.08% of the company’s stock.

Insider Transactions at CECO Environmental

In other news, Director Laurie Siegel purchased 2,500 shares of CECO Environmental stock in a transaction dated Wednesday, March 6th. The shares were bought 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 filing with the SEC, which is available through the SEC website. Company insiders own 15.80% of the company’s stock.

Wall Street Analysts Forecast Growth

CECO has been the subject of a number of analyst reports. Needham & Company LLC boosted their price target on CECO Environmental from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Roth Mkm boosted their price target on CECO Environmental from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Northland Securities boosted their price target on CECO Environmental from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, HC Wainwright boosted their price target on CECO Environmental from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $26.50.

CECO Environmental Price Performance

NASDAQ CECO traded up $0.06 during trading on Friday, hitting $25.32. 282,178 shares of the company’s stock were exchanged, compared to its average volume of 215,986. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. The company has a market cap of $882.91 million, a PE ratio of 68.43, a P/E/G ratio of 1.75 and a beta of 1.23. CECO Environmental Corp. has a fifty-two week low of $10.68 and a fifty-two week high of $25.73. The stock’s 50 day moving average price is $22.50 and its two-hundred day moving average price is $20.18.

CECO Environmental (NASDAQ:CECO) last issued its earnings results on Tuesday, March 5th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The firm had revenue of $153.71 million during the quarter, compared to the consensus estimate of $149.10 million. CECO Environmental had a return on equity of 11.57% and a net margin of 2.37%. During the same quarter in the previous year, the firm earned $0.21 earnings per share. Research analysts expect that CECO Environmental Corp. will post 0.96 EPS for the current year.

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.