Ceco Environmental Corp (NASDAQ:CECE) is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ceco Environmental Corp (NASDAQ:CECE) reported that King Luther Capital Management Corp. has picked up 1,512,887 of common stock as of 2017-03-14.

The acquisition brings the aggregate amount owned by King Luther Capital Management Corp. to a total of 1,512,887 representing a 4.4% stake in the company.

For those not familiar with the company, L.B. CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company focuses 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. It operates through three segments: Environmental, which produces various types of product recovery and air pollution control technologies; Energy, which produces customized solutions for the power and petrochemical industry, and Fluid Handling and Filtration, which produces pump, filtration and fume exhaust solutions. It offers products and services, such as dampers and diverters, cyclonic technology, thermal oxidizers, filtration systems, scrubbers, fluid handling equipment, and plant engineering services and engineered design build fabrication.

A glance at Ceco Environmental Corp (NASDAQ:CECE)’s key stats reveals a current market capitalization of 359.23 Million based on 34.30 Million shares outstanding and a price at last close of $10.25 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-10, Sadlowski picked up 4,000 at a purchase price of $10.46. This brings their total holding to 12,828 as of the date of the filing.

On the sell side, the most recent transaction saw Lang unload 10,000 shares at a sale price of $14.23. This brings their total holding to 146,029.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking  in on insider activity such as those transactions listed above. We’ll be keeping an eye on Ceco Environmental Corp (NASDAQ:CECE) as things move forward to see if its progress aligns with these transactions.

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