CECO Environmental Corp. $CECO Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lessened its stake in CECO Environmental Corp. (NASDAQ:CECO) by 15.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 154,307 shares of the company’s stock after selling 28,448 shares during the quarter. Peregrine Capital Management LLC’s holdings in CECO Environmental were worth $9,194,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CECO. Morton Brown Family Wealth LLC acquired a new stake in CECO Environmental in the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new position in CECO Environmental during the 3rd quarter worth approximately $25,000. Aventura Private Wealth LLC acquired a new position in CECO Environmental during the 4th quarter worth approximately $30,000. Advisory Services Network LLC purchased a new stake in shares of CECO Environmental in the 3rd quarter valued at approximately $31,000. Finally, Comerica Bank increased its position in shares of CECO Environmental by 10,578.6% in the 4th quarter. Comerica Bank now owns 1,495 shares of the company’s stock valued at $89,000 after purchasing an additional 1,481 shares during the last quarter. 68.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CECO has been the topic of a number of analyst reports. Northland Securities set a $118.00 price objective on shares of CECO Environmental in a report on Friday, June 12th. 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. Lake Street Capital increased their target price on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Needham & Company LLC raised their price target on CECO Environmental from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings downgraded CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $102.83.

CECO Environmental Price Performance

Shares of CECO opened at $90.74 on Wednesday. CECO Environmental Corp. has a 1-year low of $28.26 and a 1-year high of $101.24. The stock has a market cap of $3.25 billion, a PE ratio of 245.24 and a beta of 1.49. 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 firm has a fifty day moving average price of $83.39 and a 200 day moving average price of $70.64.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) 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 company had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. During the same quarter last year, the company posted $0.10 earnings per share. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that CECO Environmental Corp. will post 1.96 EPS for the current year.

Insider Activity at CECO Environmental

In other CECO Environmental news, CFO Peter K. Johansson sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total value of $2,894,700.00. Following the completion of the sale, the chief financial officer owned 40,746 shares in the company, valued at approximately $3,931,581.54. The trade was a 42.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jason Dezwirek sold 34,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total value of $3,284,740.00. Following the completion of the sale, the director directly owned 166,000 shares of the company’s stock, valued at $16,037,260. The trade was a 17.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 16.90% of the company’s stock.

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.