9,330 Shares in CECO Environmental Corp. $CECO Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC purchased a new stake in CECO Environmental Corp. (NASDAQ:CECOFree Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 9,330 shares of the company’s stock, valued at approximately $556,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. increased 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 buying an additional 366,611 shares during the period. Capital World Investors bought a new stake in shares of CECO Environmental in the fourth quarter valued at about $19,936,000. Two Sigma Investments LP boosted its position in shares of CECO Environmental by 3,620.8% in the third quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock valued at $15,498,000 after acquiring an additional 294,556 shares during the period. IES Holdings Inc. acquired a new position in shares of CECO Environmental in the fourth quarter valued at about $16,963,000. Finally, Franklin Resources Inc. grew its stake in shares of CECO Environmental by 818.9% in the fourth 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. 68.08% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on CECO. Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Craig Hallum reissued a “buy” rating and issued a $103.00 price objective on shares of CECO Environmental in a report on Tuesday, April 28th. Roth Mkm restated a “buy” rating and set a $85.00 target price on shares of CECO Environmental in a research report on Wednesday, April 29th. Northland Securities set a $118.00 target price on shares of CECO Environmental in a report on Friday, June 12th. Finally, Needham & Company LLC lifted their price target on shares of CECO Environmental from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $102.83.

View Our Latest Report on CECO Environmental

CECO Environmental Price Performance

NASDAQ CECO opened at $82.15 on Friday. The business has a fifty day moving average price of $84.58 and a two-hundred day moving average price of $71.04. The stock has a market capitalization of $2.95 billion, a PE ratio of 222.03 and a beta of 1.47. CECO Environmental Corp. has a fifty-two week low of $28.68 and a fifty-two week high of $101.24. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18.

CECO Environmental (NASDAQ:CECOGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The company had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. During the same quarter last year, the company posted $0.10 EPS. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities analysts expect that CECO Environmental Corp. will post 1.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jason Dezwirek sold 34,000 shares of the firm’s stock in a transaction dated 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 directly owned 166,000 shares of the company’s stock, valued at $16,037,260. This trade represents a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Peter K. Johansson sold 30,000 shares of CECO Environmental stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total value of $2,894,700.00. Following the completion of the transaction, the chief financial officer owned 40,746 shares in the company, valued at approximately $3,931,581.54. This represents a 42.41% decrease in their position. The disclosure for this sale is available in the SEC filing. 18.40% of the stock is owned by corporate insiders.

CECO Environmental Profile

(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.

Further Reading

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Institutional Ownership by Quarter for CECO Environmental (NASDAQ:CECO)

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