Dimensional Fund Advisors LP boosted its position in shares of CECO Environmental Corp. (NASDAQ:CECO – Free Report) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 903,291 shares of the company’s stock after buying an additional 7,751 shares during the period. Dimensional Fund Advisors LP’s holdings in CECO Environmental were worth $53,813,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of CECO. Vanguard Group Inc. increased 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 valued at $106,569,000 after acquiring an additional 9,840 shares during the period. Geode Capital Management LLC boosted its stake in CECO Environmental by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 729,700 shares of the company’s stock worth $43,680,000 after purchasing an additional 8,734 shares during the period. T. Rowe Price Investment Management Inc. grew its position in CECO Environmental by 104.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock worth $43,032,000 after purchasing an additional 366,611 shares during the last quarter. William Blair Investment Management LLC grew its position in CECO Environmental by 3.0% during the 4th quarter. William Blair Investment Management LLC now owns 706,273 shares of the company’s stock worth $42,270,000 after purchasing an additional 20,531 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in CECO Environmental by 36.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 672,147 shares of the company’s stock valued at $40,229,000 after purchasing an additional 178,892 shares during the period. 68.08% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In related news, Director Jason Dezwirek sold 34,000 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the completion of the transaction, the director directly owned 166,000 shares of the company’s stock, valued at $16,037,260. This represents a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard F. Wallman acquired 20,000 shares of the stock in a transaction on Monday, June 1st. The stock was acquired at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the acquisition, the director directly owned 105,500 shares in the company, valued at $8,107,675. This represents a 23.39% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 18.40% of the company’s stock.
CECO Environmental Stock Performance
Analysts Set New Price Targets
CECO has been the subject of a number of research reports. Needham & Company LLC upped their target price on shares of CECO Environmental from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Northland Securities set a $118.00 price target on CECO Environmental in a research report on Friday, June 12th. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Weiss Ratings cut CECO Environmental from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. Finally, Roth Capital reiterated a “buy” rating and issued a $85.00 target price on shares of CECO Environmental in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $106.71.
Check Out Our Latest Stock Report on CECO Environmental
About CECO Environmental
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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