Rice Hall James & Associates LLC Takes $3.51 Million Position in CECO Environmental Corp. $CECO

Rice Hall James & Associates LLC acquired a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 38,687 shares of the company’s stock, valued at approximately $3,510,000.

A number of other hedge funds also recently bought and sold shares of CECO. GAMMA Investing LLC boosted its stake in CECO Environmental by 71.6% in the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after buying an additional 154 shares in the last quarter. Morton Brown Family Wealth LLC bought a new position in CECO Environmental during the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of CECO Environmental during the third quarter worth approximately $25,000. Advisory Services Network LLC purchased a new position in shares of CECO Environmental during the third quarter worth approximately $31,000. Finally, KBC Group NV bought a new stake in shares of CECO Environmental in the 1st quarter worth approximately $44,000. Institutional investors own 68.08% of the company’s stock.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the firm’s stock in a transaction 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 sale, the director owned 166,000 shares of the company’s stock, valued at $16,037,260. This trade represents a 17.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard F. Wallman purchased 20,000 shares of the business’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 acquisition, the director owned 105,500 shares in the company, valued at approximately $8,107,675. The trade was a 23.39% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 16.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CECO has been the subject of a number of research reports. Craig Hallum reaffirmed a “buy” rating and issued a $103.00 price objective on shares of CECO Environmental in a research note on Tuesday, April 28th. Lake Street Capital boosted their price target on shares of CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Roth Capital restated a “buy” rating and set a $85.00 price target on shares of CECO Environmental in a research report on Wednesday, April 29th. TD Cowen began coverage on shares of CECO Environmental in a research report on Wednesday, August 5th. They set a “buy” rating and a $85.00 price target for the company. Finally, Northland Securities set a $125.00 price objective on CECO Environmental in a research note on Thursday. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.88.

CECO Environmental Stock Performance

NASDAQ:CECO opened at $84.15 on Tuesday. The firm has a market cap of $3.02 billion, a PE ratio of -121.96 and a beta of 1.51. CECO Environmental Corp. has a fifty-two week low of $42.78 and a fifty-two week high of $101.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50. The business has a 50 day moving average price of $82.41 and a 200-day moving average price of $73.93.

CECO Environmental (NASDAQ:CECO) last issued its earnings results on Monday, August 10th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.21. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The firm had revenue of $284.96 million for the quarter, compared to analysts’ expectations of $282.21 million. During the same quarter last year, the business earned $0.26 earnings per share. The business’s revenue was up 53.7% on a year-over-year basis. Equities research analysts predict that CECO Environmental Corp. will post 2.35 earnings per share for the current year.

About CECO Environmental

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.