Shares of CECO Environmental Corp. (NASDAQ:CECE) have received a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. Two investment 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. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $12.33.

A number of research analysts recently weighed in on CECE shares. Zacks Investment Research raised CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub raised CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. William Blair lowered CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, August 11th. Finally, Needham & Company LLC raised CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and boosted their target price for the stock from $9.51 to $13.00 in a report on Thursday, July 6th.

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CECO Environmental Corp. (NASDAQ CECE) traded down 0.607% on Wednesday, hitting $7.365. 30,448 shares of the stock were exchanged. The company’s 50 day moving average price is $8.93 and its 200-day moving average price is $10.05. CECO Environmental Corp. has a one year low of $6.94 and a one year high of $14.88. The company’s market cap is $254.00 million.

CECO Environmental Corp. (NASDAQ:CECE) last posted its earnings results on Wednesday, August 9th. The industrial products company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.11. The business had revenue of $93.90 million for the quarter, compared to analyst estimates of $99.09 million. CECO Environmental Corp. had a positive return on equity of 14.60% and a negative net margin of 10.27%. The firm’s revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 earnings per share. Equities research analysts predict that CECO Environmental Corp. will post $0.59 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.30 annualized dividend and a yield of 4.05%. CECO Environmental Corp.’s dividend payout ratio (DPR) is presently -25.86%.

In other news, Director Jason Dezwirek purchased 25,000 shares of CECO Environmental Corp. stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average cost of $7.27 per share, for a total transaction of $181,750.00. Following the purchase, the director now directly owns 1,410,616 shares of the company’s stock, valued at approximately $10,255,178.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Pollack purchased 6,800 shares of CECO Environmental Corp. stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average price of $7.31 per share, with a total value of $49,708.00. Following the completion of the purchase, the director now directly owns 26,146 shares in the company, valued at $191,127.26. The disclosure for this purchase can be found here. Insiders own 14.30% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new stake in CECO Environmental Corp. during the second quarter valued at about $372,000. Martin & Co. Inc. TN increased its stake in CECO Environmental Corp. by 0.9% in the second quarter. Martin & Co. Inc. TN now owns 171,035 shares of the industrial products company’s stock valued at $1,570,000 after buying an additional 1,550 shares during the period. The Manufacturers Life Insurance Company increased its stake in CECO Environmental Corp. by 10.3% in the second quarter. The Manufacturers Life Insurance Company now owns 26,404 shares of the industrial products company’s stock valued at $242,000 after buying an additional 2,471 shares during the period. State Street Corp increased its stake in CECO Environmental Corp. by 9.8% in the second quarter. State Street Corp now owns 490,633 shares of the industrial products company’s stock valued at $4,507,000 after buying an additional 43,751 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in CECO Environmental Corp. by 133.4% in the second quarter. Goldman Sachs Group Inc. now owns 167,158 shares of the industrial products company’s stock valued at $1,534,000 after buying an additional 95,545 shares during the period. Institutional investors and hedge funds own 67.94% of the company’s stock.

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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