Legato Capital Management LLC Has $1.40 Million Holdings in CECO Environmental Corp. (NASDAQ:CECO)

Legato Capital Management LLC trimmed its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 35.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 46,413 shares of the company’s stock after selling 25,269 shares during the period. Legato Capital Management LLC’s holdings in CECO Environmental were worth $1,403,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its stake in 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 acquiring an additional 591 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of CECO Environmental by 5.8% during the 3rd quarter. Private Advisor Group LLC now owns 16,065 shares of the company’s stock valued at $453,000 after purchasing an additional 885 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of CECO Environmental in the 4th quarter valued at $74,000. Quest Partners LLC bought a new stake in CECO Environmental in the third quarter worth $69,000. Finally, Morse Asset Management Inc acquired a new position in CECO Environmental during the third quarter worth $76,000. Institutional investors own 68.08% of the company’s stock.

Wall Street Analyst Weigh In

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

CECO Environmental Price Performance

NASDAQ CECO opened at $25.70 on Thursday. The stock has a 50-day simple moving average of $30.21 and a 200 day simple moving average of $28.53. CECO Environmental Corp. has a twelve month low of $18.50 and a twelve month high of $35.16. The stock has a market capitalization of $898.99 million, a PE ratio of 77.88, a P/E/G ratio of 1.64 and a beta of 1.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.30.

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.