CECO Environmental Corp. (NASDAQ:CECE) CEO Dennis Sadlowski Buys 2,000 Shares

CECO Environmental Corp. (NASDAQ:CECE) CEO Dennis Sadlowski acquired 2,000 shares of CECO Environmental stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $7.00 per share, for a total transaction of $14,000.00. Following the completion of the purchase, the chief executive officer now directly owns 112,700 shares of the company’s stock, valued at $788,900. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of NASDAQ:CECE traded up $0.08 during midday trading on Friday, reaching $7.05. The company had a trading volume of 2,020 shares, compared to its average volume of 143,040. The company’s 50 day moving average price is $8.88 and its 200 day moving average price is $8.26. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.46. The stock has a market cap of $259.46 million, a P/E ratio of 24.31, a P/E/G ratio of 1.02 and a beta of 0.88. CECO Environmental Corp. has a 52-week low of $6.44 and a 52-week high of $9.84.

CECO Environmental (NASDAQ:CECE) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). CECO Environmental had a negative net margin of 1.32% and a positive return on equity of 7.57%. The firm had revenue of $81.18 million during the quarter, compared to the consensus estimate of $86.67 million. Research analysts forecast that CECO Environmental Corp. will post 0.48 EPS for the current fiscal year.



Several institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings in CECO Environmental by 18.9% in the first quarter. Janney Montgomery Scott LLC now owns 139,956 shares of the industrial products company’s stock worth $1,008,000 after purchasing an additional 22,200 shares in the last quarter. Macquarie Group Ltd. boosted its position in CECO Environmental by 117.6% in the fourth quarter. Macquarie Group Ltd. now owns 7,304 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 3,948 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of CECO Environmental by 508.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,337 shares of the industrial products company’s stock worth $46,000 after buying an additional 5,295 shares during the period. Metropolitan Life Insurance Co. NY bought a new position in shares of CECO Environmental in the fourth quarter worth about $73,000. Finally, Bailard Inc. bought a new position in shares of CECO Environmental in the first quarter worth about $196,000. Hedge funds and other institutional investors own 67.92% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price objective on shares of CECO Environmental in a research note on Friday, August 9th. B. Riley set a $10.00 price target on shares of CECO Environmental and gave the company a “buy” rating in a research report on Wednesday, August 7th. Maxim Group set a $10.00 price target on shares of CECO Environmental and gave the company a “buy” rating in a research report on Wednesday, August 7th. Zacks Investment Research downgraded shares of CECO Environmental from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, ValuEngine downgraded shares of CECO Environmental from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $10.00.

About CECO Environmental

CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other markets worldwide. The company operates through three segments: Energy Solutions, Environmental Solutions, and Fluid Handling and Filtration Solutions. The company engineers, designs, builds, and installs systems that capture, clean, and destroy airborne contaminants from industrial facilities, as well as equipment that control emissions from such facilities; and fluid handling and filtration systems.

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