21,738 Shares in CECO Environmental Corp. $CECO Bought by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new position in CECO Environmental Corp. (NASDAQ:CECO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,738 shares of the company’s stock, valued at approximately $1,958,000. Hsbc Holdings PLC owned approximately 0.06% of CECO Environmental as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of CECO Environmental by 15.6% during the 1st quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock worth $335,000 after purchasing an additional 1,982 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of CECO Environmental by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock valued at $398,000 after purchasing an additional 790 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of CECO Environmental by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 93,137 shares of the company’s stock valued at $2,124,000 after purchasing an additional 5,000 shares during the period. Jane Street Group LLC purchased a new stake in CECO Environmental during the first quarter worth about $1,047,000. Finally, Rhumbline Advisers boosted its holdings in CECO Environmental by 2.4% during the second quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock worth $1,221,000 after buying an additional 991 shares in the last quarter. Institutional investors and hedge funds own 68.08% of the company’s stock.

Analyst Upgrades and Downgrades

CECO has been the subject of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of CECO Environmental in a research report on Thursday, July 9th. They set an “overweight” rating and a $130.00 price target for the company. Northland Securities set a $125.00 price target on CECO Environmental in a report on Thursday, August 13th. Weiss Ratings raised CECO Environmental from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. Lake Street Capital lifted their price objective on CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of CECO Environmental in a research report on Tuesday, August 11th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.88.

CECO Environmental Stock Performance

CECO Environmental stock opened at $69.67 on Monday. The stock has a market cap of $4.08 billion, a PE ratio of -100.97 and a beta of 1.51. The stock has a 50-day moving average price of $78.21 and a 200 day moving average price of $74.07. CECO Environmental Corp. has a 52 week low of $42.78 and a 52 week high of $101.24. The company has a current ratio of 1.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34.

CECO Environmental (NASDAQ:CECO) last released its earnings results on Monday, August 10th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.21. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The company had revenue of $284.96 million for the quarter, compared to analyst estimates of $282.21 million. During the same period in the prior year, the firm earned $0.26 EPS. The firm’s quarterly revenue was up 53.7% on a year-over-year basis. Equities research analysts predict that CECO Environmental Corp. will post 2.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Peter K. Johansson sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the transaction, the chief financial officer 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jason Dezwirek sold 34,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the sale, the director owned 166,000 shares in the company, valued at approximately $16,037,260. This trade represents a 17.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.