Sentiment for Ceco Environmental Corp (NASDAQ:CECE)
Ceco Environmental Corp (NASDAQ:CECE) institutional sentiment decreased to 1.51 in Q2 2019. Its down -0.13, from 1.64 in 2019Q1. The ratio is negative, as 53 hedge funds increased or opened new positions, while 35 sold and decreased equity positions in Ceco Environmental Corp. The hedge funds in our partner’s database now possess: 23.37 million shares, up from 22.49 million shares in 2019Q1. Also, the number of hedge funds holding Ceco Environmental Corp in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 9 Reduced: 26 Increased: 34 New Position: 19.
CECO Environmental Corp. provides critical solutions to the environmental, energy, and fluid handling and filtration industries worldwide. The company has market cap of $276.66 million. The firm operates through three divisions: Energy, Environmental, and Fluid Handling and Filtration. It has a 27.94 P/E ratio. The Energy segment offers gas turbine exhaust systems, dampers and diverters, gas and liquid separation and filtration equipment, selective catalytic reduction and selective non-catalytic reduction systems, acoustical components and silencers, secondary separators, and expansion joints for the power and petrochemical industries.
The stock increased 0.64% or $0.05 during the last trading session, reaching $7.85. About 51,599 shares traded. CECO Environmental Corp. (NASDAQ:CECE) has risen 40.49% since December 4, 2018 and is uptrending. It has outperformed by 40.49% the S&P500.
Analysts await CECO Environmental Corp. (NASDAQ:CECE) to report earnings on March, 5. They expect $0.14 earnings per share, up 75.00 % or $0.06 from last year’s $0.08 per share. CECE’s profit will be $4.93M for 14.02 P/E if the $0.14 EPS becomes a reality. After $0.12 actual earnings per share reported by CECO Environmental Corp. for the previous quarter, Wall Street now forecasts 16.67 % EPS growth.
Trigran Investments Inc. holds 7.44% of its portfolio in CECO Environmental Corp. for 4.66 million shares. Adirondack Research & Management Inc. owns 209,344 shares or 1.44% of their US portfolio. Moreover, Minerva Advisors Llc has 0.77% invested in the company for 148,829 shares. The Minnesota-based White Pine Capital Llc has invested 0.76% in the stock. Martin & Co Inc Tn, a Tennessee-based fund reported 169,956 shares.
Since January 1, 0001, it had 2 insider purchases, and 0 insider sales for $34,700 activity.
CECO Environmental Corp. (NASDAQ:CECE) Ratings Coverage
Ratings analysis reveals 100% of CECO Environmental Corp. – Common Stock’s analysts are positive. Out of 2 Wall Street analysts rating CECO Environmental Corp. – Common Stock, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $1000 while the high is $1000. The stock’s average target of $10 is 27.39% above today’s ($7.85) share price. CECE was included in 3 notes of analysts from June 11, 2019. The firm earned “Buy” rating on Tuesday, June 11 by Roth Capital. The stock has “Buy” rating by Needham on Friday, August 9.
More notable recent CECO Environmental Corp. (NASDAQ:CECE) news were published by: Prnewswire.com which released: “CECO Environmental Corp. Reports Fourth Quarter and Full Year 2018 Results – PRNewswire” on March 07, 2019, also Prnewswire.com with their article: “CECO Environmental Completes The Previously Announced Sale Of Its Zhongli Business In China – PRNewswire” published on December 11, 2018, Prnewswire.com published: “CECO Environmental Corp. Reports Second Quarter and Six Months 2019 Results; Strong Bookings and Growing Backlog Support Second Half Ramp Up – PRNewswire” on August 06, 2019. More interesting news about CECO Environmental Corp. (NASDAQ:CECE) were released by: Prnewswire.com and their article: “CECO Environmental to Present at the Midwest IDEAS Investor Conference on August 29th in Chicago – PRNewswire” published on August 22, 2019 as well as Finance.Yahoo.com‘s news article titled: “Stock market news: October 10, 2019 – Yahoo Finance” with publication date: October 10, 2019.
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