36,870 Shares in CECO Environmental Corp. (NASDAQ:CECO) Acquired by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new position in CECO Environmental Corp. (NASDAQ:CECO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,870 shares of the company’s stock, valued at approximately $748,000. Semanteon Capital Management LP owned approximately 0.11% of CECO Environmental as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in CECO. SG Americas Securities LLC bought a new stake in CECO Environmental in the third quarter worth approximately $204,000. Trellus Management Company LLC bought a new stake in CECO Environmental in the third quarter worth approximately $779,000. Mesirow Financial Investment Management Inc. increased its holdings in CECO Environmental by 20.3% in the third quarter. Mesirow Financial Investment Management Inc. now owns 19,714 shares of the company’s stock worth $315,000 after purchasing an additional 3,328 shares in the last quarter. Jump Financial LLC increased its holdings in CECO Environmental by 200.4% in the third quarter. Jump Financial LLC now owns 33,039 shares of the company’s stock worth $528,000 after purchasing an additional 22,039 shares in the last quarter. Finally, Boston Partners bought a new stake in shares of CECO Environmental during the third quarter valued at approximately $201,000. 68.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Laurie Siegel acquired 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price of $19.87 per share, with a total value of $49,675.00. Following the acquisition, the director now owns 7,906 shares of the company’s stock, valued at approximately $157,092.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CECO has been the subject of several recent research reports. Northland Securities boosted their price objective on CECO Environmental from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Roth Mkm boosted their price objective on CECO Environmental from $22.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. HC Wainwright lifted their target price on CECO Environmental from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Needham & Company LLC lifted their target price on CECO Environmental from $22.00 to $23.00 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, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $26.50.

CECO Environmental Stock Performance

NASDAQ:CECO traded up $0.06 during trading on Friday, reaching $25.32. The company’s stock had a trading volume of 282,178 shares, compared to its average volume of 243,139. The firm has a market cap of $882.91 million, a price-to-earnings ratio of 68.43, a price-to-earnings-growth ratio of 1.68 and a beta of 1.23. 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 firm has a 50 day moving average of $22.50 and a 200-day moving average of $20.18. CECO Environmental Corp. has a 12 month low of $10.68 and a 12 month high of $25.73.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. The company 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 prior year, the company earned $0.21 EPS. Research analysts expect that CECO Environmental Corp. will post 0.96 EPS for the current fiscal year.

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.