333,098 Shares in CECO Environmental Corp. $CECO Bought by Capital World Investors

Capital World Investors purchased a new position in CECO Environmental Corp. (NASDAQ:CECO) in the fourth quarter, HoldingsChannel reports. The fund purchased 333,098 shares of the company’s stock, valued at approximately $19,936,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CECO. American Century Companies Inc. increased its stake in shares of 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 buying an additional 1,250,373 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of CECO Environmental by 3,620.8% in the third quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock worth $15,498,000 after buying an additional 294,556 shares during the last quarter. UBS Group AG increased its stake in shares of CECO Environmental by 449.0% in the fourth quarter. UBS Group AG now owns 267,288 shares of the company’s stock worth $15,997,000 after buying an additional 218,599 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of CECO Environmental by 36.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 672,147 shares of the company’s stock worth $40,229,000 after buying an additional 178,892 shares during the last quarter. Finally, Castleark Management LLC bought a new stake in shares of CECO Environmental in the third quarter worth $7,853,000. Institutional investors own 68.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Needham & Company LLC lifted their price target on shares of CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Lake Street Capital reiterated a “buy” rating and set a $80.00 target price on shares of CECO Environmental in a research note on Wednesday, February 25th. Craig Hallum reiterated a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a research note on Tuesday, April 28th. HC Wainwright boosted their target price 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. Finally, Roth Mkm reiterated a “buy” rating and set a $85.00 target price on shares of CECO Environmental in a research note on Wednesday, April 29th. One 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. Based on data from MarketBeat.com, CECO Environmental presently has a consensus rating of “Buy” and an average price target of $86.83.

CECO Environmental Stock Up 18.5%

CECO stock opened at $95.44 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18. CECO Environmental Corp. has a 1-year low of $26.32 and a 1-year high of $95.68. The firm has a fifty day moving average price of $73.71 and a two-hundred day moving average price of $66.24. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 257.95 and a beta of 1.49.

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

Insiders Place Their Bets

In other news, Director Richard F. Wallman purchased 20,000 shares of the stock in a transaction dated Monday, June 1st. The stock was acquired at an average price of $76.85 per share, for a total transaction of $1,537,000.00. Following the completion of the transaction, the director owned 105,500 shares of the company’s stock, valued at approximately $8,107,675. The trade was a 23.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 16.90% of the stock is currently owned by insiders.

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.