King Luther Capital Management Corp Sells 174,123 Shares of CECO Environmental Corp. $CECO

King Luther Capital Management Corp cut its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 15.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 951,199 shares of the company’s stock after selling 174,123 shares during the period. King Luther Capital Management Corp’s holdings in CECO Environmental were worth $56,929,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in CECO Environmental by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock valued at $106,569,000 after purchasing an additional 9,840 shares in the last quarter. American Century Companies Inc. raised its position in shares of CECO Environmental by 16,844.6% in the 3rd 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. William Blair Investment Management LLC raised its position in shares of CECO Environmental by 3.0% in the 4th quarter. William Blair Investment Management LLC now owns 706,273 shares of the company’s stock worth $42,270,000 after acquiring an additional 20,531 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of CECO Environmental by 36.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 672,147 shares of the company’s stock worth $40,229,000 after acquiring an additional 178,892 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of CECO Environmental by 3.0% in the 4th quarter. Legal & General Group Plc now owns 418,255 shares of the company’s stock worth $25,033,000 after acquiring an additional 12,074 shares in the last quarter. 68.08% of the stock is owned by institutional investors.

CECO Environmental Stock Up 10.0%

Shares of CECO stock opened at $89.87 on Wednesday. CECO Environmental Corp. has a 1-year low of $25.96 and a 1-year high of $90.42. The stock’s fifty day moving average price is $69.17 and its 200 day moving average price is $64.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 242.89 and a beta of 1.53.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The firm had revenue of $205.92 million for the quarter, compared to the consensus estimate of $198.88 million. During the same period in the previous year, the business earned $0.10 EPS. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, research analysts expect that CECO Environmental Corp. will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

CECO has been the subject of several recent research reports. Craig Hallum reissued a “buy” rating and issued a $103.00 price target on shares of CECO Environmental in a research report on Tuesday, April 28th. Weiss Ratings lowered CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. HC Wainwright boosted their price target on CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Finally, Needham & Company LLC boosted their price target on CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, CECO Environmental presently has an average rating of “Buy” and an average 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.