Navellier & Associates Inc. Has $659,000 Holdings in CECO Environmental Corp. (NASDAQ:CECO)

Navellier & Associates Inc. cut its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 67.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,798 shares of the company’s stock after selling 44,589 shares during the period. Navellier & Associates Inc.’s holdings in CECO Environmental were worth $659,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CECO. Allspring Global Investments Holdings LLC lifted its holdings in CECO Environmental by 65.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 484,518 shares of the company’s stock worth $13,663,000 after acquiring an additional 191,286 shares in the last quarter. Private Advisor Group LLC lifted its holdings in CECO Environmental by 5.8% during the third quarter. Private Advisor Group LLC now owns 16,065 shares of the company’s stock worth $453,000 after acquiring an additional 885 shares in the last quarter. Van ECK Associates Corp lifted its holdings in CECO Environmental by 466.4% during the third quarter. Van ECK Associates Corp now owns 379,877 shares of the company’s stock worth $10,082,000 after acquiring an additional 312,803 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in CECO Environmental by 17.6% during the third quarter. Principal Financial Group Inc. now owns 22,246 shares of the company’s stock worth $627,000 after acquiring an additional 3,330 shares in the last quarter. Finally, Quest Partners LLC bought a new position in CECO Environmental during the third quarter worth about $69,000. 68.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CECO has been the topic of several recent analyst reports. HC Wainwright lowered CECO Environmental from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Northland Securities boosted their price target on CECO Environmental from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Needham & Company LLC cut their price target on CECO Environmental from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Craig Hallum boosted their price target on CECO Environmental from $34.00 to $40.00 and gave the company a “buy” rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, CECO Environmental presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.20.

CECO Environmental Stock Performance

Shares of CECO Environmental stock opened at $23.00 on Friday. The firm has a market cap of $804.52 million, a price-to-earnings ratio of 69.70, a price-to-earnings-growth ratio of 1.39 and a beta of 1.41. The stock’s 50-day moving average is $29.01 and its 200-day moving average is $28.34. CECO Environmental Corp. has a one year low of $18.50 and a one year high of $35.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12.

CECO Environmental 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.