Polen Capital Management LLC Buys 9,552 Shares of CECO Environmental Corp. $CECO

Polen Capital Management LLC raised its stake in CECO Environmental Corp. (NASDAQ:CECO) by 15.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 69,775 shares of the company’s stock after purchasing an additional 9,552 shares during the quarter. Polen Capital Management LLC’s holdings in CECO Environmental were worth $4,176,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. grew its position in CECO Environmental by 16,844.6% in the third quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock worth $64,399,000 after acquiring an additional 1,250,373 shares in the last quarter. Capital World Investors bought a new stake in CECO Environmental during the fourth quarter worth about $19,936,000. Two Sigma Investments LP boosted its holdings in shares of CECO Environmental by 3,620.8% in the 3rd quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock worth $15,498,000 after purchasing an additional 294,556 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of CECO Environmental by 818.9% in the 4th quarter. Franklin Resources Inc. now owns 253,491 shares of the company’s stock worth $15,171,000 after purchasing an additional 225,906 shares in the last quarter. Finally, UBS Group AG increased its position in shares of CECO Environmental by 449.0% during the 4th quarter. UBS Group AG now owns 267,288 shares of the company’s stock valued at $15,997,000 after purchasing an additional 218,599 shares during the last quarter. Hedge funds and other institutional investors own 68.08% of the company’s stock.

CECO Environmental Trading Up 4.6%

NASDAQ:CECO opened at $96.56 on Friday. The firm has a market capitalization of $3.46 billion, a P/E ratio of 260.97 and a beta of 1.49. 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 company has a fifty day moving average of $75.16 and a 200 day moving average of $66.87. CECO Environmental Corp. has a 52 week low of $26.78 and a 52 week high of $101.24.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. The firm had revenue of $205.92 million for the quarter, compared to analysts’ expectations of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 earnings per share. On average, research analysts predict that CECO Environmental Corp. will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Weiss Ratings downgraded CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. HC Wainwright upped their price objective on shares of CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Needham & Company LLC lifted their target price on shares of CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Roth Mkm reissued a “buy” rating and issued a $85.00 price target on shares of CECO Environmental in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $95.33.

Insiders Place Their Bets

In other CECO Environmental news, Director Richard F. Wallman acquired 20,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were purchased at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the transaction, the director owned 105,500 shares in the company, valued at $8,107,675. This represents a 23.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 18.40% of the company’s stock.

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.