Peregrine Asset Advisers Inc. Grows Stock Holdings in CECO Environmental Corp. $CECO

Peregrine Asset Advisers Inc. raised its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 142.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 113,870 shares of the company’s stock after buying an additional 66,843 shares during the period. CECO Environmental accounts for about 1.9% of Peregrine Asset Advisers Inc.’s investment portfolio, making the stock its 15th biggest holding. Peregrine Asset Advisers Inc.’s holdings in CECO Environmental were worth $6,815,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of CECO Environmental during the third quarter valued at about $25,000. Aventura Private Wealth LLC purchased a new stake in shares of CECO Environmental during the fourth quarter valued at about $30,000. Advisory Services Network LLC purchased a new stake in shares of CECO Environmental during the third quarter valued at about $31,000. Global Retirement Partners LLC purchased a new stake in shares of CECO Environmental during the third quarter valued at about $50,000. Finally, First Horizon Corp purchased a new stake in shares of CECO Environmental during the third quarter valued at about $64,000. 68.08% of the stock is owned by hedge funds and other institutional investors.

CECO Environmental Stock Performance

Shares of CECO stock opened at $74.30 on Monday. The stock’s fifty day moving average is $61.70 and its two-hundred day moving average is $60.51. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33. The firm has a market capitalization of $2.67 billion, a P/E ratio of 200.81 and a beta of 1.53. CECO Environmental Corp. has a fifty-two week low of $24.66 and a fifty-two week high of $81.72.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, beating 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 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 firm posted $0.10 EPS. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. Research analysts expect that CECO Environmental Corp. will post 1.74 earnings per share for the current fiscal year.

More CECO Environmental News

Here are the key news stories impacting CECO Environmental this week:

• Positive Sentiment: Earnings call signals breakout growth — coverage of CECO’s recent earnings call highlights management’s stronger growth outlook and execution, reinforcing investor confidence in revenue and margin momentum. CECO Environmental’s Earnings Call Signals Breakout Growth
• Positive Sentiment: Zacks upgrades CECO to a Rank #1 (Strong Buy) — the upgrade signals rising analyst optimism and can attract short-term buying interest and momentum-driven flows. What Makes CECO (CECO) a New Strong Buy Stock
• Positive Sentiment: Northland Securities lifts multiple EPS forecasts — the firm raised FY2026 and FY2027 estimates materially (FY2026 to $1.86, FY2027 to $2.61) and increased several quarterly forecasts, signaling expectations for stronger earnings trajectory and supporting a higher valuation multiple. (Market commentary compiled from Northland updates)
• Positive Sentiment: Composite rating upgrade — a composite rating upgrade noted in coverage can broaden investor interest and improve perception of the stock’s prospects. Ceco Environmental gets a composite rating upgrade
• Neutral Sentiment: Small pullback in one quarterly estimate — Northland trimmed its Q2 2026 estimate slightly (from $0.33 to $0.32), a minor change that doesn’t alter the broader upward revisions but may temper near-term expectations.
• Negative Sentiment: Investor investigation into the Thermon deal — a Kahn Swick & Foti investigation into the proposed acquisition of Thermon Group raises the prospect of litigation or deal-process scrutiny, creating potential execution or timing risk for the acquisition and share dilution/price effects. Thermon Group Investor Alert

Analyst Upgrades and Downgrades

CECO has been the subject of several analyst reports. Needham & Company LLC increased their price target on shares of CECO Environmental from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Roth Mkm reaffirmed a “buy” rating and issued a $85.00 price objective on shares of CECO Environmental in a research report on Wednesday. Craig Hallum reiterated a “buy” rating and issued a $103.00 price target on shares of CECO Environmental in a report on Tuesday, April 28th. HC Wainwright increased their price target on shares of CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $80.00 price target on shares of CECO Environmental in a report on Wednesday, February 25th. One investment 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $86.83.

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.