Moran Wealth Management LLC Has $3.39 Million Stock Holdings in CECO Environmental Corp. $CECO

Moran Wealth Management LLC raised its position in CECO Environmental Corp. (NASDAQ:CECOFree Report) by 393.4% during the first quarter, Holdings Channel reports. The institutional investor owned 56,953 shares of the company’s stock after buying an additional 45,411 shares during the quarter. Moran Wealth Management LLC’s holdings in CECO Environmental were worth $3,393,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CECO. Counterpoint Mutual Funds LLC boosted its stake in shares of CECO Environmental by 75.3% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 14,744 shares of the company’s stock valued at $878,000 after purchasing an additional 6,334 shares during the last quarter. Strs Ohio bought a new stake in shares of CECO Environmental during the first quarter worth approximately $66,000. Inspire Investing LLC lifted its holdings in CECO Environmental by 11.8% in the first quarter. Inspire Investing LLC now owns 8,694 shares of the company’s stock valued at $518,000 after buying an additional 916 shares during the period. North Star Investment Management Corp. lifted its holdings in CECO Environmental by 6.6% in the first quarter. North Star Investment Management Corp. now owns 48,150 shares of the company’s stock valued at $2,869,000 after buying an additional 3,000 shares during the period. Finally, Pictet Asset Management Holding SA boosted its stake in CECO Environmental by 23.0% in the first quarter. Pictet Asset Management Holding SA now owns 4,483 shares of the company’s stock valued at $267,000 after acquiring an additional 837 shares during the last quarter. Institutional investors own 68.08% of the company’s stock.

Insider Transactions at CECO Environmental

In other CECO Environmental news, CFO Peter K. Johansson sold 30,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jason Dezwirek sold 34,000 shares of the company’s 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 sale, the director directly owned 166,000 shares in the company, valued at approximately $16,037,260. The trade was a 17.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 16.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Craig Hallum restated a “buy” rating and issued a $103.00 price target on shares of CECO Environmental in a research report on Tuesday, April 28th. Needham & Company LLC upped their price objective on CECO Environmental from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Lake Street Capital raised their target price on CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, CECO Environmental currently has a consensus rating of “Buy” and an average target price of $102.83.

View Our Latest Stock Report on CECO Environmental

CECO Environmental Stock Performance

CECO opened at $82.15 on Monday. The stock has a market capitalization of $2.95 billion, a P/E ratio of 222.03 and a beta of 1.47. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78. CECO Environmental Corp. has a 12 month low of $28.68 and a 12 month high of $101.24. The firm’s fifty day simple moving average is $84.58 and its 200 day simple moving average is $71.11.

CECO Environmental (NASDAQ:CECOGet Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The business had revenue of $205.92 million during the quarter, compared to the consensus estimate of $198.88 million. During the same period last year, the company earned $0.10 earnings per share. CECO Environmental’s quarterly revenue was up 16.5% on a year-over-year basis. As a group, research analysts anticipate that CECO Environmental Corp. will post 1.96 EPS for the current fiscal year.

CECO Environmental Company 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.

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

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