Martin & Co. Inc. TN Takes $10.11 Million Position in CECO Environmental Corp. $CECO

Posted by Francis Steltz on Aug 23rd, 2026

Martin & Co. Inc. TN acquired a new position in shares of CECO Environmental Corp. (NASDAQ:CECO – Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 111,401 shares of the company’s stock, valued at approximately $10,109,000. CECO Environmental comprises 1.6% of Martin & Co. Inc. TN’s investment portfolio, making the stock its 10th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new position in CECO Environmental during the 3rd quarter worth $25,000. Morton Brown Family Wealth LLC bought a new position in shares of CECO Environmental during the first quarter worth about $29,000. Allworth Financial LP bought a new position in shares of CECO Environmental during the second quarter worth about $29,000. Advisory Services Network LLC bought a new position in shares of CECO Environmental during the third quarter worth about $31,000. Finally, GAMMA Investing LLC grew its stake in CECO Environmental by 71.6% in the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after purchasing an additional 154 shares in the last quarter. 68.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on CECO shares. JPMorgan Chase & Co. began coverage on CECO Environmental in a report on Thursday, July 9th. They issued an “overweight” rating and a $130.00 price objective for the company. Northland Securities set a $125.00 target price on CECO Environmental in a report on Thursday, August 13th. Needham & Company LLC reiterated a “buy” rating and issued a $110.00 target price on shares of CECO Environmental in a research report on Tuesday, August 11th. Lake Street Capital boosted their price target on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, Zacks Research lowered CECO Environmental from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, CECO Environmental has a consensus rating of “Moderate Buy” and an average target price of $104.88.

Get Our Latest Research Report on CECO

CECO Environmental Trading Down 2.0%

NASDAQ CECO opened at $71.52 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50. CECO Environmental Corp. has a one year low of $42.78 and a one year high of $101.24. The company has a 50-day simple moving average of $80.72 and a 200-day simple moving average of $74.03. The firm has a market capitalization of $4.19 billion, a PE ratio of -103.65 and a beta of 1.51.

CECO Environmental (NASDAQ:CECO – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.21. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The firm had revenue of $284.96 million for the quarter, compared to analyst estimates of $282.21 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. CECO Environmental’s quarterly revenue was up 53.7% on a year-over-year basis. On average, equities analysts forecast that CECO Environmental Corp. will post 2.35 earnings per share for the current year.

Insider Activity

In related news, Director Richard F. Wallman bought 20,000 shares of the stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $76.85 per share, with a total value of $1,537,000.00. Following the completion of the acquisition, the director owned 105,500 shares of the company’s stock, valued at $8,107,675. This trade represents a 23.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jason Dezwirek sold 34,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total value of $3,284,740.00. Following the sale, the director owned 166,000 shares in the company, valued at $16,037,260. The trade was a 17.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 18.40% of the company’s stock.

About CECO Environmental

(Free Report)

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.