Janus Henderson Group PLC Sells 384 Shares of CECO Environmental Corp. (NASDAQ:CECO)

Janus Henderson Group PLC lowered its holdings in shares of CECO Environmental Corp. (NASDAQ:CECO) by 0.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 649,808 shares of the company’s stock after selling 384 shares during the period. Janus Henderson Group PLC owned about 1.86% of CECO Environmental worth $18,324,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CECO. Essex Investment Management Co. LLC increased its stake in shares of CECO Environmental by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 208,426 shares of the company’s stock valued at $5,878,000 after buying an additional 562 shares during the period. First Horizon Advisors Inc. boosted its holdings in CECO Environmental by 71.6% in the third quarter. First Horizon Advisors Inc. now owns 1,416 shares of the company’s stock valued at $40,000 after acquiring an additional 591 shares during the last quarter. CWM LLC increased its position in CECO Environmental by 45.3% during the 2nd quarter. CWM LLC now owns 2,270 shares of the company’s stock valued at $65,000 after purchasing an additional 708 shares during the period. Private Advisor Group LLC raised its holdings in CECO Environmental by 5.8% during the 3rd quarter. Private Advisor Group LLC now owns 16,065 shares of the company’s stock worth $453,000 after purchasing an additional 885 shares during the last quarter. Finally, Kessler Investment Group LLC lifted its position in shares of CECO Environmental by 27.8% in the 2nd quarter. Kessler Investment Group LLC now owns 7,166 shares of the company’s stock worth $207,000 after purchasing an additional 1,560 shares during the period. Institutional investors and hedge funds own 68.08% of the company’s stock.

CECO Environmental Stock Up 0.1 %

CECO Environmental stock opened at $32.74 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.15 billion, a PE ratio of 99.22, a PEG ratio of 2.78 and a beta of 1.41. The firm’s fifty day moving average is $27.72 and its 200 day moving average is $27.36. CECO Environmental Corp. has a 12-month low of $18.50 and a 12-month high of $33.52.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). The company had revenue of $135.50 million for the quarter, compared to analyst estimates of $155.94 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. CECO Environmental’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.22 EPS. As a group, sell-side analysts predict that CECO Environmental Corp. will post 0.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CECO. Needham & Company LLC lowered their target price on shares of CECO Environmental from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. HC Wainwright reissued a “buy” rating and issued a $35.00 price objective on shares of CECO Environmental in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $34.40.

CECO Environmental Company Profile

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.