The stock of CECO Environmental Corp. (NASDAQ:CECE) is a huge mover today! About 124,673 shares traded hands or 24.26% up from the average. CECO Environmental Corp. (NASDAQ:CECE) has risen 59.70% since April 5, 2016 and is uptrending. It has outperformed by 57.74% the S&P500.
The move comes after 8 months positive chart setup for the $356.53 million company. It was reported on Nov, 8 by Barchart.com. We have $27.91 PT which if reached, will make NASDAQ:CECE worth $609.67M more.
CECO Environmental Corp. (NASDAQ:CECE) Ratings Coverage
Out of 5 analysts covering CECO Environ. (NASDAQ:CECE), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. CECO Environ. has been the topic of 8 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Drexel Hamilton upgraded the shares of CECE in a report on Friday, August 7 to “Buy” rating. As per Thursday, January 21, the company rating was upgraded by Seaport Global. The firm has “Hold” rating given on Friday, August 7 by Drexel Hamilton. The stock has “Buy” rating given by Drexel Hamilton on Friday, March 11. Zacks upgraded it to “Hold” rating and $11 target price in Wednesday, August 12 report. As per Friday, March 11, the company rating was maintained by Roth Capital.
According to Zacks Investment Research, “CECO ENVIRONMENTAL CORP. manufactures and sells, primarily in the United States, of fiber bed mist eliminators to the chemical, printing, plating, power generation, food processing, waste incineration and textile industries.”
Insitutional Activity: The institutional sentiment decreased to 1.08 in Q2 2016. Its down 0.76, from 1.84 in 2016Q1. The ratio dived, as 14 funds sold all CECO Environmental Corp. shares owned while 26 reduced positions. 12 funds bought stakes while 31 increased positions. They now own 16.83 million shares or 0.72% less from 16.95 million shares in 2016Q1.
Blair William And Il owns 10,980 shares or 0% of their US portfolio. Virginia Retirement Et Al last reported 10,500 shares in the company. Tiaa Cref Invest Management Limited Liability owns 172,218 shares or 0% of their US portfolio. Morgan Stanley has invested 0% of its portfolio in CECO Environmental Corp. (NASDAQ:CECE). Blackrock Fund holds 756,446 shares or 0% of its portfolio. Wells Fargo And Mn has 0% invested in the company for 325,718 shares. Bnp Paribas Arbitrage holds 0% or 1,140 shares in its portfolio. Finemark Commercial Bank Trust holds 0.01% of its portfolio in CECO Environmental Corp. (NASDAQ:CECE) for 11,957 shares. Olstein Cap Mngmt Lp has 612,095 shares for 0.72% of their US portfolio. California State Teachers Retirement Sys holds 0% of its portfolio in CECO Environmental Corp. (NASDAQ:CECE) for 61,400 shares. Wall Street Access Asset Mngmt Ltd Limited Liability Company has invested 0.92% of its portfolio in CECO Environmental Corp. (NASDAQ:CECE). The Switzerland-based Credit Suisse Ag has invested 0% in CECO Environmental Corp. (NASDAQ:CECE). Metropolitan Life Ins Ny has 19,034 shares for 0% of their US portfolio. Forward Management Limited Liability Co last reported 0% of its portfolio in the stock. State Street, a Massachusetts-based fund reported 340,619 shares.
Insider Transactions: Since May 17, 2016, the stock had 1 buy, and 0 insider sales for $5,313 net activity. $5,313 worth of shares were bought by RUDIN SETH on Tuesday, May 17.
More important recent CECO Environmental Corp. (NASDAQ:CECE) news were published by: Prnewswire.com which released: “CECO Environmental Corp. Reports Third Quarter and Nine Months 2016 Results …” on November 08, 2016, also Prnewswire.com published article titled: “CECO Environmental 2016 Third Quarter Conference Call”, Quotes.Wsj.com published: “News Ceco Environmental Corp.CECE” on February 12, 2011. More interesting news about CECO Environmental Corp. (NASDAQ:CECE) was released by: Seekingalpha.com and their article: “CECO Environmental: The Consolidator (CECE)” with publication date: March 06, 2015.
CECE Company Profile
CECO Environmental Corp., incorporated on January 10, 2002, is a well-known provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial divisions. The Firm 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. It provides a spectrum of services and products, including dampers and diverters, cyclonic technology, thermal oxidizers, filtration systems, scrubbers, fluid handling equipment, and plant engineering services and engineered design build fabrication. The Firm operates through three divisions: Environmental Segment, Energy Segment, and Fluid Handling and Filtration Segment.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.