CECO Environmental Corp. $CECO Stock Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC decreased its holdings in shares of CECO Environmental Corp. (TXSE:CECO) by 19.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,065 shares of the company’s stock after selling 13,210 shares during the quarter. Lisanti Capital Growth LLC’s holdings in CECO Environmental were worth $3,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP bought a new position in shares of CECO Environmental in the second quarter worth $29,000. GAMMA Investing LLC grew its position in shares of CECO Environmental by 71.6% in the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock valued at $33,000 after purchasing an additional 154 shares in the last quarter. KBC Group NV purchased a new position in shares of CECO Environmental in the first quarter valued at $44,000. Fifth Third Bancorp bought a new stake in shares of CECO Environmental during the 1st quarter valued at $69,000. Finally, Ulland Investment Advisors LLC bought a new stake in shares of CECO Environmental during the 3rd quarter valued at $99,000. Hedge funds and other institutional investors own 68.08% of the company’s stock.

Wall Street Analyst Weigh In

CECO has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on CECO Environmental from $110.00 to $120.00 and gave the stock an “overweight” rating in a report on Tuesday. Weiss Ratings lowered CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, September 16th. Zacks Research raised shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. TD Cowen began coverage on shares of CECO Environmental in a research report on Wednesday, August 5th. They issued a “buy” rating and a $85.00 price objective for the company. Finally, Northland Securities set a $125.00 price objective on shares of CECO Environmental in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.62.

CECO Environmental Trading Up 3.2%

Shares of CECO stock opened at $53.50 on Thursday. The company has a market capitalization of $3.13 billion, a PE ratio of -77.54 and a beta of 1.63. CECO Environmental Corp. has a 52-week low of $37.15 and a 52-week high of $101.24. The business’s fifty day moving average is $63.67 and its 200 day moving average is $71.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50.

CECO Environmental (TXSE:CECO) last posted its earnings results on Monday, November 9th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.01). CECO Environmental had a positive return on equity of 7.36% and a negative net margin of 3.39%. The business had revenue of $404.43 million for the quarter, compared to analysts’ expectations of $397.96 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. On average, equities research analysts anticipate that CECO Environmental Corp. will post 2.43 EPS for the current fiscal year.

CECO Environmental Profile

CECO Environmental Corp. (NASDAQ:CECO) is an industrial technology company that designs and supplies environmental and engineered equipment for industrial processes. Its solutions help customers control air pollution, manage industrial emissions, improve process efficiency and handle fluids in demanding operating environments. The company’s product and service offerings include air pollution control systems, industrial ventilation and filtration equipment, scrubbers, fans, dust collection systems, thermal and heat-transfer equipment, pumps and other fluid-handling technologies.