Insider Buying: CECO Environmental Corp. (NASDAQ:CECE) Director Acquires 4,500 Shares of Stock

CECO Environmental Corp. (NASDAQ:CECEGet Rating) Director David B. Liner purchased 4,500 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was acquired at an average cost of $9.40 per share, for a total transaction of $42,300.00. Following the completion of the acquisition, the director now owns 104,580 shares in the company, valued at approximately $983,052. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CECO Environmental Price Performance

Shares of CECE traded down $0.06 during mid-day trading on Thursday, hitting $9.35. 7,684 shares of the stock were exchanged, compared to its average volume of 302,717. The company has a market cap of $322.58 million, a PE ratio of 47.05, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. CECO Environmental Corp. has a 52-week low of $4.09 and a 52-week high of $10.80. The firm has a 50-day moving average of $8.90 and a two-hundred day moving average of $6.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.35 and a current ratio of 1.52.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CECE shares. StockNews.com raised CECO Environmental from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Needham & Company LLC boosted their price target on CECO Environmental from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Finally, TheStreet raised CECO Environmental from a “c” rating to a “b” rating in a report on Wednesday, August 24th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $13.33.

Institutional Trading of CECO Environmental

Several hedge funds have recently modified their holdings of CECE. Tieton Capital Management LLC increased its position in shares of CECO Environmental by 20.6% during the 1st quarter. Tieton Capital Management LLC now owns 1,024,621 shares of the industrial products company’s stock valued at $5,625,000 after purchasing an additional 174,801 shares during the last quarter. Signet Investment Advisory Group Inc. bought a new position in shares of CECO Environmental during the 1st quarter valued at approximately $126,000. Martin & Co. Inc. TN increased its position in shares of CECO Environmental by 42.9% during the 1st quarter. Martin & Co. Inc. TN now owns 284,931 shares of the industrial products company’s stock valued at $1,564,000 after purchasing an additional 85,571 shares during the last quarter. Heartland Advisors Inc. increased its position in shares of CECO Environmental by 13.0% during the 1st quarter. Heartland Advisors Inc. now owns 1,115,500 shares of the industrial products company’s stock valued at $6,124,000 after purchasing an additional 128,400 shares during the last quarter. Finally, Essex Investment Management Co. LLC increased its position in shares of CECO Environmental by 4.8% during the 1st quarter. Essex Investment Management Co. LLC now owns 171,562 shares of the industrial products company’s stock valued at $942,000 after purchasing an additional 7,859 shares during the last quarter. 63.26% of the stock is owned by hedge funds and other institutional investors.

CECO Environmental Company Profile

(Get Rating)

CECO Environmental Corp. provides industrial air quality and fluid handling systems worldwide. It operates in two segments: Engineered Systems Segment and Industrial Process Solutions Segment. The company engineers, designs, builds, and installs systems that capture, clean, and destroy air- and water-borne emissions from industrial facilities as well as fluid handling, gas separation, and filtration systems.

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Insider Buying and Selling by Quarter for CECO Environmental (NASDAQ:CECE)

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