The stock of CECO Environmental Corp. (NASDAQ:CECE) is a huge mover today! About 233,945 shares traded hands or 42.03% up from the average. CECO Environmental Corp. (NASDAQ:CECE) has risen 99.84% since April 14, 2016 and is uptrending. It has outperformed by 95.15% the S&P500.
The move comes after 5 months positive chart setup for the $442.36M company. It was reported on Nov, 16 by Barchart.com. We have $33.40 PT which if reached, will make NASDAQ:CECE worth $725.47 million 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. Zacks upgraded it to “Hold” rating and $11 target price in Wednesday, August 12 report. The rating was upgraded by Drexel Hamilton on Friday, August 7 to “Hold”. Roth Capital maintained CECO Environmental Corp. (NASDAQ:CECE) on Friday, March 11 with “Buy” rating. Drexel Hamilton downgraded the stock to “Buy” rating in Friday, March 11 report. Drexel Hamilton upgraded the shares of CECE in a report on Friday, August 7 to “Buy” rating. On Thursday, January 21 the stock rating was upgraded by Seaport Global to “Buy”.
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 worsened, 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.
Blackrock Advsrs Ltd Co last reported 12,757 shares in the company. Moreover, Bnp Paribas Arbitrage has 0% invested in CECO Environmental Corp. (NASDAQ:CECE) for 1,140 shares. Deutsche Bank Ag accumulated 23,042 shares or 0% of the stock. The Massachusetts-based Fmr Ltd Com has invested 0% in CECO Environmental Corp. (NASDAQ:CECE). Barclays Public Lc last reported 0% of its portfolio in the stock. Kirr Marbach And Ltd Liability In has invested 0.04% of its portfolio in CECO Environmental Corp. (NASDAQ:CECE). The Massachusetts-based Rhumbline Advisers has invested 0% in CECO Environmental Corp. (NASDAQ:CECE). Trigran Invs reported 1.83M shares or 4.2% of all its holdings. Credit Suisse Ag last reported 0% of its portfolio in the stock. Metropolitan Life Insurance New York has 0% invested in the company for 19,034 shares. Dnb Asset As owns 727,469 shares or 0% of their US portfolio. Wells Fargo & Mn has 0% invested in the company for 325,718 shares. Keeley Asset Mngmt last reported 0.12% of its portfolio in the stock. Fincl Architects holds 0% or 1,468 shares in its portfolio. The Pennsylvania-based Weik Serv Inc has invested 0.11% in CECO Environmental Corp. (NASDAQ:CECE).
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.
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