CECO Environmental Corp. $CECO Shares Sold by Expect Equity LLC

Expect Equity LLC reduced its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 35.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,884 shares of the company’s stock after selling 26,360 shares during the period. CECO Environmental makes up about 2.8% of Expect Equity LLC’s investment portfolio, making the stock its 11th largest position. Expect Equity LLC’s holdings in CECO Environmental were worth $2,866,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in CECO Environmental by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock worth $106,569,000 after acquiring an additional 9,840 shares during the period. American Century Companies Inc. grew its holdings in CECO Environmental by 16,844.6% during the third 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 during the period. Geode Capital Management LLC grew its holdings in CECO Environmental by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 729,700 shares of the company’s stock worth $43,680,000 after acquiring an additional 8,734 shares during the period. William Blair Investment Management LLC grew its holdings in CECO Environmental by 3.0% during the fourth 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 during the period. Finally, Thrivent Financial for Lutherans grew its holdings in CECO Environmental by 36.3% during the fourth 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 during the period. 68.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CECO Environmental news, Director Richard F. Wallman acquired 20,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was purchased at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the transaction, the director owned 105,500 shares of the company’s stock, valued at $8,107,675. The trade was a 23.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 18.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CECO. Lake Street Capital lifted their target price on CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Roth Mkm reaffirmed a “buy” rating and set a $85.00 target price on shares of CECO Environmental in a report on Wednesday, April 29th. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Weiss Ratings lowered CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Finally, Needham & Company LLC increased their price target on CECO Environmental from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $102.83.

CECO Environmental Trading Up 2.1%

NASDAQ:CECO opened at $94.46 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. CECO Environmental Corp. has a 1-year low of $27.50 and a 1-year high of $101.24. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 255.30 and a beta of 1.49. The stock has a fifty day simple moving average of $77.81 and a 200 day simple moving average of $68.08.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $198.88 million. During the same period last year, the company posted $0.10 EPS. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. Sell-side analysts forecast that CECO Environmental Corp. will post 1.96 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.