Emerald Advisers LLC raised its holdings in CECO Environmental Corp. (NASDAQ:CECO – Free Report) by 14.1% during the first quarter, HoldingsChannel reports. The firm owned 523,017 shares of the company’s stock after acquiring an additional 64,492 shares during the quarter. Emerald Advisers LLC’s holdings in CECO Environmental were worth $31,161,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Morton Brown Family Wealth LLC bought a new position in shares of CECO Environmental in the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of CECO Environmental during the 3rd quarter worth $25,000. Aventura Private Wealth LLC bought a new stake in shares of CECO Environmental during the 4th quarter worth $30,000. Advisory Services Network LLC acquired a new stake in CECO Environmental in the third quarter valued at about $31,000. Finally, Strs Ohio acquired a new stake in CECO Environmental in the first quarter valued at about $66,000. Institutional investors own 68.08% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have commented on CECO. Northland Securities set a $118.00 target price on CECO Environmental in a research note on Friday, June 12th. Lake Street Capital raised their price target on shares of CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Weiss Ratings lowered shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Roth Capital reiterated a “buy” rating and set a $85.00 price objective on shares of CECO Environmental in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. began coverage on shares of CECO Environmental in a research note on Thursday, July 9th. They issued an “overweight” rating and a $130.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, CECO Environmental currently has an average rating of “Buy” and a consensus price target of $106.71.
Insider Activity at CECO Environmental
In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total value of $3,284,740.00. Following the completion of the transaction, the director directly owned 166,000 shares in the company, valued at approximately $16,037,260. This represents a 17.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard F. Wallman purchased 20,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were acquired at an average cost of $76.85 per share, with a total value of $1,537,000.00. Following the purchase, the director directly owned 105,500 shares of the company’s stock, valued at approximately $8,107,675. The trade was a 23.39% increase in their position. The disclosure for this purchase is available in the SEC filing. 16.90% of the stock is owned by company insiders.
CECO Environmental Price Performance
Shares of CECO opened at $81.90 on Tuesday. CECO Environmental Corp. has a 12-month low of $29.84 and a 12-month high of $101.24. The business has a 50-day simple moving average of $86.05 and a two-hundred day simple moving average of $72.04. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. The stock has a market cap of $2.94 billion, a PE ratio of 221.35 and a beta of 1.47.
CECO Environmental (NASDAQ:CECO – Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.36 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 firm 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. The business’s quarterly revenue was up 16.5% on a year-over-year basis. Analysts anticipate that CECO Environmental Corp. will post 1.96 earnings per share for the current fiscal year.
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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