Lisanti Capital Growth LLC bought a new position in CECO Environmental Corp. (NASDAQ:CECO – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 84,235 shares of the company’s stock, valued at approximately $5,041,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of CECO Environmental by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock worth $106,569,000 after purchasing an additional 9,840 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of CECO Environmental by 16,844.6% in the 3rd quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock worth $64,399,000 after purchasing an additional 1,250,373 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of CECO Environmental by 36.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 672,147 shares of the company’s stock worth $40,229,000 after purchasing an additional 178,892 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of CECO Environmental by 3,620.8% in the 3rd quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock worth $15,498,000 after purchasing an additional 294,556 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of CECO Environmental by 449.0% in the 4th quarter. UBS Group AG now owns 267,288 shares of the company’s stock worth $15,997,000 after purchasing an additional 218,599 shares in the last quarter. 68.08% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on the stock. HC Wainwright boosted their target price on shares of CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Craig Hallum restated a “buy” rating and set a $103.00 price target on shares of CECO Environmental in a report on Tuesday, April 28th. Weiss Ratings lowered shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Roth Mkm restated a “buy” rating and set a $85.00 price target on shares of CECO Environmental in a report on Wednesday, April 29th. Finally, Lake Street Capital restated a “buy” rating and set a $80.00 price target on shares of CECO Environmental in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, CECO Environmental has an average rating of “Buy” and an average price target of $86.83.
CECO Environmental Stock Up 1.3%
CECO stock opened at $81.71 on Friday. CECO Environmental Corp. has a 52-week low of $25.96 and a 52-week high of $90.25. The company’s 50 day simple moving average is $67.91 and its 200-day simple moving average is $63.57. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18. The firm has a market capitalization of $2.93 billion, a P/E ratio of 220.84 and a beta of 1.53.
CECO Environmental (NASDAQ:CECO – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The business had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. The firm’s revenue was up 16.5% compared to the same quarter last year. As a group, equities research analysts anticipate that CECO Environmental Corp. will post 1.77 EPS for the current year.
CECO Environmental Profile
CECO Environmental Corp. (NASDAQ: CECO) is a global technology provider specializing in engineered solutions that help industrial and commercial customers manage air emissions, process fluids and optimize energy use. The company develops custom-engineered systems and modular packages designed to meet evolving environmental regulations and improve operational efficiency across diverse production processes.
CECO’s core offerings include air pollution control equipment—such as scrubbers, cyclones, fabric and cartridge filters—and industrial process filtration systems for applications ranging from particulate removal to oil-water separation.
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