Kessler Investment Group LLC Has $96,000 Stake in CECO Environmental Corp. (NASDAQ:CECO)

Kessler Investment Group LLC trimmed its holdings in CECO Environmental Corp. (NASDAQ:CECO) by 25.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,185 shares of the company’s stock after selling 1,085 shares during the period. Kessler Investment Group LLC’s holdings in CECO Environmental were worth $96,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. First Horizon Advisors Inc. lifted its position in shares of CECO Environmental by 71.6% in the third quarter. First Horizon Advisors Inc. now owns 1,416 shares of the company’s stock valued at $40,000 after buying an additional 591 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of CECO Environmental in the third quarter valued at approximately $69,000. Heck Capital Advisors LLC acquired a new stake in shares of CECO Environmental in the fourth quarter valued at approximately $74,000. Morse Asset Management Inc acquired a new stake in shares of CECO Environmental in the third quarter valued at approximately $76,000. Finally, Eastern Bank acquired a new stake in shares of CECO Environmental in the third quarter valued at approximately $113,000. 68.08% of the stock is owned by institutional investors and hedge funds.

CECO Environmental Price Performance

CECO Environmental stock opened at $24.27 on Friday. The stock’s fifty day moving average price is $29.90 and its two-hundred day moving average price is $28.46. CECO Environmental Corp. has a one year low of $18.50 and a one year high of $35.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a market cap of $848.96 million, a PE ratio of 73.55, a price-to-earnings-growth ratio of 1.64 and a beta of 1.41.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Northland Securities increased their target price on CECO Environmental from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, December 20th. Craig Hallum increased their target price on CECO Environmental from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Needham & Company LLC lowered their target price on CECO Environmental from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, HC Wainwright lowered CECO Environmental from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, CECO Environmental currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.20.

About CECO Environmental

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.