CECO Environmental Corp. (NASDAQ:CECE) Director Jason Dezwirek bought 25,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $7.27 per share, for a total transaction of $181,750.00. Following the completion of the purchase, the director now directly owns 1,410,616 shares in the company, valued at $10,255,178.32. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
CECO Environmental Corp. (NASDAQ:CECE) traded down 0.85% during trading on Friday, hitting $7.00. The stock had a trading volume of 136,585 shares. The company has a 50-day moving average of $9.25 and a 200 day moving average of $10.26. CECO Environmental Corp. has a 52-week low of $6.97 and a 52-week high of $14.88. The firm’s market cap is $241.42 million.
CECO Environmental Corp. (NASDAQ:CECE) last issued its earnings results on Wednesday, August 9th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.11. CECO Environmental Corp. had a positive return on equity of 14.60% and a negative net margin of 10.27%. The firm had revenue of $93.90 million during the quarter, compared to the consensus estimate of $99.09 million. During the same period last year, the firm posted $0.21 earnings per share. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. On average, equities research analysts predict that CECO Environmental Corp. will post $0.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.30 annualized dividend and a dividend yield of 4.29%. CECO Environmental Corp.’s dividend payout ratio (DPR) is -25.86%.
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Several large investors have recently modified their holdings of the company. Tudor Investment Corp ET AL purchased a new stake in shares of CECO Environmental Corp. during the second quarter valued at about $101,000. LSV Asset Management purchased a new stake in shares of CECO Environmental Corp. during the first quarter valued at about $104,000. SG Americas Securities LLC purchased a new stake in shares of CECO Environmental Corp. during the first quarter valued at about $112,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of CECO Environmental Corp. during the first quarter valued at about $118,000. Finally, Globeflex Capital L P purchased a new stake in shares of CECO Environmental Corp. during the first quarter valued at about $134,000. 69.32% of the stock is currently owned by hedge funds and other institutional investors.
CECE has been the topic of a number of research analyst reports. Needham & Company LLC upgraded CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and upped their target price for the stock from $9.51 to $13.00 in a research note on Thursday, July 6th. BidaskClub upgraded CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, William Blair lowered CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $13.25.
CECO Environmental Corp. Company Profile
CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems.
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