Segall Bryant & Hamill LLC reduced its position in shares of CECO Environmental Corp. (NASDAQ:CECO – Free Report) by 4.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,054 shares of the company’s stock after selling 9,066 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.49% of CECO Environmental worth $10,430,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its stake in CECO Environmental by 104.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock valued at $43,032,000 after buying an additional 366,611 shares during the period. Capital World Investors bought a new position in CECO Environmental in the 4th quarter worth about $19,936,000. Two Sigma Investments LP increased its stake in 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 acquiring an additional 294,556 shares during the last quarter. IES Holdings Inc. purchased a new stake in shares of CECO Environmental in the 4th quarter valued at about $16,963,000. Finally, Franklin Resources Inc. raised its holdings in shares of CECO Environmental by 818.9% in the 4th quarter. Franklin Resources Inc. now owns 253,491 shares of the company’s stock valued at $15,171,000 after acquiring an additional 225,906 shares in the last quarter. Institutional investors own 68.08% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Roth Capital reissued a “buy” rating and set a $85.00 price objective on shares of CECO Environmental in a report on Wednesday, April 29th. Northland Securities set a $118.00 target price on shares of CECO Environmental in a research note on Friday, June 12th. Lake Street Capital lifted their target price on shares of CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Weiss Ratings cut shares of CECO Environmental from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Finally, Craig Hallum reissued a “buy” rating and issued a $103.00 price target on shares of CECO Environmental in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $106.71.
Insider Buying and Selling
In other news, Director Richard F. Wallman bought 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average price of $76.85 per share, for a total transaction of $1,537,000.00. Following the transaction, the director directly owned 105,500 shares of the company’s stock, valued at $8,107,675. This represents a 23.39% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Peter K. Johansson sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total value of $2,894,700.00. Following the completion of the sale, the chief financial officer directly owned 40,746 shares of the company’s stock, valued at approximately $3,931,581.54. This represents a 42.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 16.90% of the stock is currently owned by corporate insiders.
CECO Environmental Price Performance
CECO opened at $65.89 on Monday. The stock has a 50-day moving average price of $84.12 and a 200-day moving average price of $73.45. CECO Environmental Corp. has a 12-month low of $41.72 and a 12-month high of $101.24. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $2.36 billion, a P/E ratio of 178.08 and a beta of 1.51.
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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