CECO Environmental Corp. (CECE) : Wall Street Access Asset Management scooped up 3,200 additional shares in CECO Environmental Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 172,699 shares of CECO Environmental Corp. which is valued at $1,569,834.CECO Environmental Corp. makes up approximately 0.92% of Wall Street Access Asset Management’s portfolio.
Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in CECE by selling 2,800 shares or 2.81% in the most recent quarter. The Hedge Fund company now holds 96,705 shares of CECE which is valued at $879,048. Zurcher Kantonalbank (zurich Cantonalbank) sold out all of its stake in CECE during the most recent quarter. The investment firm sold 1,868 shares of CECE which is valued $16,980.California State Teachers Retirement System reduced its stake in CECE by selling 200 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 61,400 shares of CECE which is valued at $558,126.Manchester Capital Management boosted its stake in CECE in the latest quarter, The investment management firm added 15,384 additional shares and now holds a total of 66,733 shares of CECO Environmental Corp. which is valued at $608,605. CECO Environmental Corp. makes up approx 0.08% of Manchester Capital Management’s portfolio.Punch Associates Investment Management boosted its stake in CECE in the latest quarter, The investment management firm added 98,754 additional shares and now holds a total of 854,688 shares of CECO Environmental Corp. which is valued at $7,871,676. CECO Environmental Corp. makes up approx 0.88% of Punch Associates Investment Management’s portfolio.
CECO Environmental Corp. closed down -0.01 points or -0.11% at $9.29 with 96,565 shares getting traded on Monday. Post opening the session at $9.3, the shares hit an intraday low of $9.16 and an intraday high of $9.41 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, CECO Environmental Corp. reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.18. The company had revenue of $112.30 million for the quarter, compared to analysts expectations of $107.03 million. The company’s revenue was up 29.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on CECO Environmental Corp.. Company shares were Reiterated by Needham on Aug 10, 2016 to “Buy”, Firm has raised the Price Target to $ 13 from a previous price target of $10 .
CECO Environmental Corp. is an environmental technology company focused on solutions in the product recovery air pollution control fluid handling and filtration industries. 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 as well as fluid handling and filtration systems. It provides a spectrum of products and services including dampers and diverters cyclonic technology thermal oxidizers filtration systems scrubbers fluid handling equipment and plant engineering services and other. It operates through three segments: Air Pollution Control segment which offers product recovery and air pollution control technologies Energy segment which offers solutions for the power and petrochemical industry and Fluid Handling and Filtration Segment which offers pump filtration and fume exhaust solutions.