Tieton Capital Management LLC Has $294,000 Stake in CECO Environmental Corp. (NASDAQ:CECO)

Tieton Capital Management LLC decreased its holdings in CECO Environmental Corp. (NASDAQ:CECO) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,733 shares of the company’s stock after selling 600 shares during the quarter. Tieton Capital Management LLC’s holdings in CECO Environmental were worth $294,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CECO. Raymond James Financial Inc. bought a new stake in shares of CECO Environmental during the fourth quarter worth $7,334,000. Peregrine Capital Management LLC bought a new stake in shares of CECO Environmental in the fourth quarter worth about $6,278,000. Thrivent Financial for Lutherans increased its holdings in shares of CECO Environmental by 53.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 584,712 shares of the company’s stock worth $17,676,000 after acquiring an additional 204,392 shares in the last quarter. Advantage Alpha Capital Partners LP bought a new position in shares of CECO Environmental during the fourth quarter worth about $5,952,000. Finally, Royce & Associates LP grew its holdings in shares of CECO Environmental by 27.2% during the fourth quarter. Royce & Associates LP now owns 915,212 shares of the company’s stock worth $27,667,000 after buying an additional 195,425 shares in the last quarter. Institutional investors own 68.08% of the company’s stock.

Insider Buying and Selling

In other news, Director Richard F. Wallman purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $25.15 per share, with a total value of $25,150.00. Following the acquisition, the director now owns 207,117 shares in the company, valued at approximately $5,208,992.55. This trade represents a 0.49 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.90% of the stock is currently owned by insiders.

CECO Environmental Stock Performance

NASDAQ:CECO opened at $24.31 on Monday. The stock has a market cap of $850.61 million, a P/E ratio of 73.67, a PEG ratio of 1.39 and a beta of 1.43. The stock has a 50 day simple moving average of $26.36 and a 200 day simple moving average of $27.81. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50. CECO Environmental Corp. has a 1-year low of $20.00 and a 1-year high of $35.16.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The business had revenue of $158.60 million during the quarter, compared to analysts’ expectations of $156.09 million. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. Research analysts anticipate that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on CECO. HC Wainwright restated a “neutral” rating on shares of CECO Environmental in a research note on Wednesday, February 26th. Craig Hallum raised their price objective on CECO Environmental from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Northland Securities raised their price objective on CECO Environmental from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 price objective on shares of CECO Environmental in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.20.

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.