Meros Investment Management LP Makes New $6.18 Million Investment in CECO Environmental Corp. $CECO

Meros Investment Management LP bought a new stake in CECO Environmental Corp. (NASDAQ:CECO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 68,066 shares of the company’s stock, valued at approximately $6,176,309. CECO Environmental comprises about 0.0% of Meros Investment Management LP’s portfolio, making the stock its 22nd biggest position. Meros Investment Management LP owned 0.19% of CECO Environmental as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CECO. Caitong International Asset Management Co. Ltd bought a new stake in shares of CECO Environmental during the third quarter worth $25,000. Morton Brown Family Wealth LLC acquired a new stake in shares of CECO Environmental during the first quarter worth $29,000. Allworth Financial LP purchased a new position in CECO Environmental in the 2nd quarter valued at about $29,000. Advisory Services Network LLC acquired a new position in CECO Environmental in the 3rd quarter worth $31,000. Finally, GAMMA Investing LLC boosted its holdings in shares of CECO Environmental by 71.6% during the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock valued at $33,000 after acquiring an additional 154 shares during the period. Institutional investors own 68.08% of the company’s stock.

Insider Activity

In other CECO Environmental news, CFO Peter K. Johansson sold 30,000 shares of the company’s stock in a transaction 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 in the company, valued at approximately $3,931,581.54. This represents a 42.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard F. Wallman purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of $76.85 per share, with a total value of $1,537,000.00. Following the acquisition, the director owned 105,500 shares in the company, valued at $8,107,675. This represents a 23.39% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 18.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CECO. TD Cowen began coverage on shares of CECO Environmental in a report on Wednesday, August 5th. They set a “buy” rating and a $85.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of CECO Environmental in a report on Thursday, July 9th. They issued an “overweight” rating and a $130.00 target price for the company. Lake Street Capital upped their price target on shares of CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Zacks Research cut CECO Environmental from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings cut CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 12th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.88.

CECO Environmental Stock Performance

Shares of CECO traded down $2.60 during trading hours on Friday, reaching $69.54. 253,040 shares of the company’s stock traded hands, compared to its average volume of 735,172. The business’s fifty day simple moving average is $78.79 and its two-hundred day simple moving average is $74.10. CECO Environmental Corp. has a twelve month low of $42.78 and a twelve month high of $101.24. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 1.18. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of -100.78 and a beta of 1.51.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.47 earnings per share 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 company had revenue of $284.96 million during the quarter, compared to analyst estimates of $282.21 million. During the same quarter last year, the business posted $0.26 earnings per share. The company’s revenue was up 53.7% on a year-over-year basis. Analysts predict that CECO Environmental Corp. will post 2.35 earnings per share for the current year.

CECO Environmental 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.