Great Lakes Advisors LLC Lowers Stake in CECO Environmental Corp. $CECO

Great Lakes Advisors LLC lessened its position in CECO Environmental Corp. (NASDAQ:CECO) by 8.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,056 shares of the company’s stock after selling 10,723 shares during the period. Great Lakes Advisors LLC’s holdings in CECO Environmental were worth $6,147,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in CECO Environmental in the 3rd quarter valued at $50,000. First Horizon Corp purchased a new stake in shares of CECO Environmental in the third quarter valued at $64,000. Farther Finance Advisors LLC grew its position in shares of CECO Environmental by 224.7% in the second quarter. Farther Finance Advisors LLC now owns 1,445 shares of the company’s stock valued at $41,000 after purchasing an additional 1,000 shares during the period. State of Alaska Department of Revenue acquired a new position in CECO Environmental in the third quarter valued at $94,000. Finally, Raymond James Financial Inc. purchased a new position in CECO Environmental during the second quarter worth about $102,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

CECO Environmental Price Performance

CECO Environmental stock opened at $70.13 on Friday. CECO Environmental Corp. has a 52-week low of $17.57 and a 52-week high of $71.69. The firm has a fifty day moving average of $60.48 and a 200-day moving average of $51.53. The firm has a market capitalization of $2.50 billion, a P/E ratio of 49.74 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.33 and a debt-to-equity ratio of 0.70.

CECO Environmental (NASDAQ:CECO) last posted its earnings results on Tuesday, October 28th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.01. CECO Environmental had a net margin of 7.22% and a return on equity of 10.84%. The business had revenue of $197.60 million for the quarter, compared to analyst estimates of $190.36 million. During the same quarter in the previous year, the business posted $0.14 EPS. The business’s quarterly revenue was up 45.8% on a year-over-year basis. As a group, analysts predict that CECO Environmental Corp. will post 0.67 EPS for the current year.

Analyst Ratings Changes

CECO has been the subject of several recent analyst reports. Northland Securities lifted their price target on CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, December 24th. Zacks Research upgraded shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Needham & Company LLC upped their price target on shares of CECO Environmental from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CECO Environmental in a research note on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.75.

About CECO Environmental

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.