TD Asset Management Inc Makes New $621,000 Investment in CECO Environmental Corp. $CECO

TD Asset Management Inc bought a new stake in CECO Environmental Corp. (NASDAQ:CECO) during the 3rd quarter, HoldingsChannel reports. The fund bought 12,130 shares of the company’s stock, valued at approximately $621,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CECO. Global Retirement Partners LLC acquired a new stake in shares of CECO Environmental during the 3rd quarter worth approximately $50,000. First Horizon Corp acquired a new position in CECO Environmental during the third quarter valued at approximately $64,000. AlphaQuest LLC acquired a new position in CECO Environmental during the third quarter valued at approximately $80,000. State of Alaska Department of Revenue bought a new stake in CECO Environmental during the third quarter worth $94,000. Finally, State of Wyoming bought a new stake in CECO Environmental during the third quarter worth $184,000. 68.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CECO has been the topic of several recent analyst reports. HC Wainwright lifted their price target on CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Zacks Research upgraded CECO Environmental from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Needham & Company LLC raised their price objective on CECO Environmental from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Roth Mkm lifted their target price on CECO Environmental from $58.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Finally, Northland Securities boosted their target price on CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 24th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $78.20.

CECO Environmental Stock Performance

NASDAQ:CECO opened at $52.53 on Friday. The stock’s 50-day moving average is $66.71 and its 200-day moving average is $56.80. CECO Environmental Corp. has a 1-year low of $17.57 and a 1-year high of $81.72. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65. The stock has a market cap of $1.87 billion, a P/E ratio of 38.63 and a beta of 1.39.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35). CECO Environmental had a net margin of 6.46% and a return on equity of 10.60%. The business had revenue of $214.69 million during the quarter, compared to the consensus estimate of $205.39 million. During the same quarter last year, the business earned $0.27 EPS. The firm’s quarterly revenue was up 35.4% compared to the same quarter last year. Equities research analysts anticipate that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

CECO Environmental Company 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.