CECO Environmental Corp. (NASDAQ:CECE) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, September 14th.
Shares of CECO Environmental Corp. (CECE) opened at 7.56 on Friday. The stock’s market cap is $260.73 million. CECO Environmental Corp. has a 52 week low of $6.94 and a 52 week high of $14.88. The stock has a 50 day moving average of $8.27 and a 200 day moving average of $9.77.
CECO Environmental Corp. (NASDAQ:CECE) last announced its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.11. The firm had revenue of $93.90 million for the quarter, compared to analyst estimates of $99.09 million. CECO Environmental Corp. had a negative net margin of 10.27% and a positive return on equity of 14.60%. The company’s revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. On average, analysts expect that CECO Environmental Corp. will post $0.59 earnings per share for the current year.
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In related news, Director Jonathan Pollack acquired 6,800 shares of CECO Environmental Corp. stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average cost of $7.31 per share, for a total transaction of $49,708.00. Following the acquisition, the director now owns 26,146 shares in the company, valued at $191,127.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jason Dezwirek acquired 25,000 shares of CECO Environmental Corp. stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average price of $7.27 per share, for a total transaction of $181,750.00. Following the completion of the acquisition, the director now owns 1,410,616 shares in the company, valued at approximately $10,255,178.32. The disclosure for this purchase can be found here. 14.30% of the stock is currently owned by insiders.
CECE has been the topic of several recent research reports. Needham & Company LLC raised shares of CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and boosted their price target for the company from $9.51 to $13.00 in a research report on Thursday, July 6th. BidaskClub raised shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. William Blair lowered shares of CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, August 11th. Finally, ValuEngine lowered shares of CECO Environmental Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the stock. CECO Environmental Corp. currently has an average rating of “Hold” and a consensus target price of $13.25.
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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