68,066 Shares in CECO Environmental Corp. $CECO Acquired by Meros Investment Management LP

Meros Investment Management LP bought a new position in shares of CECO Environmental Corp. (NASDAQ:CECO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 68,066 shares of the company’s stock, valued at approximately $6,176,309,000. CECO Environmental accounts for approximately 2.0% of Meros Investment Management LP’s holdings, making the stock its 22nd largest position. Meros Investment Management LP owned approximately 0.19% of CECO Environmental as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Peregrine Asset Advisers Inc. raised its holdings in shares of CECO Environmental by 142.1% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 113,870 shares of the company’s stock worth $6,815,000 after acquiring an additional 66,843 shares during the period. Oliver Luxxe Assets LLC bought a new position in CECO Environmental during the 2nd quarter worth about $2,230,000. Moran Wealth Management LLC lifted its holdings in shares of CECO Environmental by 393.4% in the first quarter. Moran Wealth Management LLC now owns 56,953 shares of the company’s stock valued at $3,393,000 after purchasing an additional 45,411 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of CECO Environmental in the second quarter valued at about $15,415,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of CECO Environmental during the second quarter worth about $19,944,000. Institutional investors own 68.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CECO. Roth Capital reissued a “buy” rating and issued a $85.00 target price on shares of CECO Environmental in a research report on Wednesday, April 29th. JPMorgan Chase & Co. began coverage on CECO Environmental in a research report on Thursday, July 9th. They set an “overweight” rating and a $130.00 price target for the company. Craig Hallum reaffirmed a “buy” rating and set a $103.00 price target on shares of CECO Environmental in a research note on Tuesday, April 28th. Zacks Research lowered shares of CECO Environmental from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Lake Street Capital increased their target price on shares of CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, CECO Environmental currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.88.

Insider Activity

In other news, CFO Peter K. Johansson sold 30,000 shares of the firm’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 directly owned 40,746 shares of the company’s stock, valued at $3,931,581.54. This trade represents a 42.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard F. Wallman bought 20,000 shares of CECO Environmental stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of $76.85 per share, with a total value of $1,537,000.00. Following the completion of the purchase, the director directly owned 105,500 shares in the company, valued at $8,107,675. This trade represents a 23.39% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 16.90% of the company’s stock.

CECO Environmental Stock Performance

Shares of CECO opened at $70.27 on Wednesday. The firm has a 50-day moving average of $79.80 and a 200-day moving average of $74.09. CECO Environmental Corp. has a one year low of $42.78 and a one year high of $101.24. The company has a market cap of $4.12 billion, a PE ratio of -101.84 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 1.18.

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, beating 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 business had revenue of $284.96 million during the quarter, compared to the consensus estimate of $282.21 million. During the same period last year, the business posted $0.26 EPS. CECO Environmental’s revenue was up 53.7% on a year-over-year basis. As a group, equities analysts forecast 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.