CECO Environmental Corp. (NASDAQ:CECE) declared a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Investors of record on Friday, September 15th will be paid a dividend of 0.075 per share by the industrial products company on Friday, September 29th. This represents a $0.30 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Thursday, September 14th.
CECO Environmental Corp. (NASDAQ CECE) opened at 7.9659 on Wednesday. The stock’s market capitalization is $274.73 million. CECO Environmental Corp. has a one year low of $6.94 and a one year high of $14.88. The company has a 50-day moving average of $8.21 and a 200-day moving average of $9.72.
CECO Environmental Corp. (NASDAQ:CECE) last posted its earnings results on Wednesday, August 9th. The industrial products company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.11). CECO Environmental Corp. had a negative net margin of 10.27% and a positive return on equity of 14.60%. The firm had revenue of $93.90 million for the quarter, compared to analysts’ expectations of $99.09 million. During the same period in the previous year, the company earned $0.21 EPS. The company’s revenue was down 16.4% on a year-over-year basis. On average, equities analysts forecast that CECO Environmental Corp. will post $0.59 EPS for the current fiscal year.
A number of research firms have issued reports on CECE. Needham & Company LLC raised shares of CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and raised their price target for the stock from $9.51 to $13.00 in a report on Thursday, July 6th. BidaskClub raised shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research raised shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. William Blair cut shares of CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, August 11th. Finally, ValuEngine cut shares of CECO Environmental Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company. CECO Environmental Corp. presently has a consensus rating of “Hold” and an average target price of $13.25.
In other news, Director Jason Dezwirek purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average price of $7.27 per share, for a total transaction of $181,750.00. Following the completion of the transaction, the director now owns 1,410,616 shares in the company, valued at $10,255,178.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Pollack purchased 6,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average price of $7.31 per share, for a total transaction of $49,708.00. Following the transaction, the director now owns 26,146 shares of the company’s stock, valued at approximately $191,127.26. The disclosure for this purchase can be found here. Company insiders own 14.30% of the company’s stock.
About CECO Environmental Corp.
CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company 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.
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