Institutional Investors Positive on Ceco Environmental Corp (NASDAQ:CECE)

November 14, 2017 - By Nellie Frank

 Institutional Investors  Positive on Ceco Environmental Corp (NASDAQ:CECE)

Sentiment for Ceco Environmental Corp (NASDAQ:CECE)

Ceco Environmental Corp (NASDAQ:CECE) institutional sentiment decreased to 1.31 in Q2 2017. Its down -0.83, from 2.14 in 2017Q1. The ratio is negative, as 63 funds started new and increased positions, while 48 cut down and sold equity positions in Ceco Environmental Corp. The funds in our partner’s database now own: 22.62 million shares, down from 22.67 million shares in 2017Q1. Also, the number of funds holding Ceco Environmental Corp in their top 10 positions increased from 0 to 1 for an increase of 1. Sold All: 20 Reduced: 28 Increased: 45 New Position: 18.

CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial divisions. The company has market cap of $190.54 million. 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 currently has negative earnings. The Company’s Environmental segment is engaged in the design and manufacture of product recovery and air pollution control technologies that enable its clients to meet compliance targets for toxic emissions, fumes, volatile organic compounds, process and industrial odors.

The stock decreased 3.00% or $0.17 during the last trading session, reaching $5.49. About 283,808 shares traded or 26.47% up from the average. CECO Environmental Corp. (NASDAQ:CECE) has risen 22.53% since November 14, 2016 and is uptrending. It has outperformed by 5.83% the S&P500.

Wall Street await CECO Environmental Corp. (NASDAQ:CECE) to release earnings on March, 8. Analysts forecast EPS of $0.07, down exactly $0.28 or 80.00 % from 2014’s $0.35 EPS. The expected CECE’s profit could reach $2.43M giving the stock 19.61 P/E in the case that $0.07 earnings per share is reported. After posting $0.03 EPS for the previous quarter, CECO Environmental Corp.’s analysts now forecast 133.33 % EPS growth.

Trigran Investments Inc. holds 4.9% of its portfolio in CECO Environmental Corp. for 2.08 million shares. Minerva Advisors Llc owns 197,660 shares or 1% of their US portfolio. Moreover, Alphaone Investment Services Llc has 0.94% invested in the company for 380,234 shares. The Minnesota-based Punch & Associates Investment Management Inc. has invested 0.72% in the stock. Perritt Capital Management Inc, a Illinois-based fund reported 252,582 shares.#img1#

CECO Environmental Corp. (NASDAQ:CECE) Ratings Coverage

Ratings analysis reveals 43% of CECO Environ.’s analysts are positive. Out of 7 Wall Street analysts rating CECO Environ., 3 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $7.0 while the high is $16. The stock’s average target of $11.67 is 112.57% above today’s ($5.49) share price. CECE was included in 14 notes of analysts from August 7, 2015. The firm earned “Hold” rating on Wednesday, August 12 by Zacks. The rating was upgraded by Seaport Global to “Buy” on Thursday, January 21. The firm has “Hold” rating given on Thursday, November 9 by Roth Capital. Seaport Global downgraded it to “Neutral” rating and $13 target in Thursday, November 17 report. The company was upgraded on Friday, August 7 by Drexel Hamilton. Jefferies maintained CECO Environmental Corp. (NASDAQ:CECE) on Friday, August 4 with “Hold” rating. The firm earned “Market Perform” rating on Friday, August 11 by William Blair. The company was maintained on Friday, March 11 by Roth Capital. The firm earned “Buy” rating on Thursday, July 6 by Needham. The firm has “Buy” rating given on Thursday, November 9 by Needham.

More notable recent CECO Environmental Corp. (NASDAQ:CECE) news were published by: Prnewswire.com which released: “CECO Environmental Announces Senior Leadership Change” on January 24, 2017, also Prnewswire.com with their article: “CECO Environmental Corp. Reports Third Quarter and Nine Months 2017 Results …” published on November 08, 2017, Seekingalpha.com published: “CECO Environmental’s (CECE) CEO Dennis Sadlowski on Q2 2017 Results – Earnings …” on August 09, 2017. More interesting news about CECO Environmental Corp. (NASDAQ:CECE) were released by: Seekingalpha.com and their article: “Why CECO Environmental May Breach A Financial Covenant And Face Balance Sheet …” published on February 13, 2017 as well as Prnewswire.com‘s news article titled: “CECO Environmental Corp. Announces New Chief Financial Officer” with publication date: December 06, 2016.

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