Squarepoint Ops LLC Sells 85,558 Shares of CECO Environmental Corp. $CECO

Squarepoint Ops LLC lowered its holdings in CECO Environmental Corp. (NASDAQ:CECO) by 51.8% during the second quarter, HoldingsChannel.com reports. The fund owned 79,708 shares of the company’s stock after selling 85,558 shares during the period. Squarepoint Ops LLC’s holdings in CECO Environmental were worth $7,233,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 154 shares in the last quarter. Allworth Financial LP raised its holdings in shares of CECO Environmental by 98.1% in the 2nd quarter. Allworth Financial LP now owns 317 shares of the company’s stock worth $29,000 after buying an additional 157 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of CECO Environmental by 8.0% during the 4th quarter. ProShare Advisors LLC now owns 5,390 shares of the company’s stock worth $323,000 after buying an additional 399 shares during the period. Osaic Holdings Inc. lifted its position in shares of CECO Environmental by 3.5% during the 2nd quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock worth $348,000 after buying an additional 412 shares during the period. Finally, Morton Brown Family Wealth LLC acquired a new stake in CECO Environmental in the 1st quarter valued at $29,000. Institutional investors own 68.08% of the company’s stock.

Insider Transactions at CECO Environmental

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total transaction 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 represents a 17.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter K. Johansson sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the completion of the sale, the chief financial officer owned 40,746 shares of the company’s stock, valued at $3,931,581.54. The trade was a 42.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 18.40% of the company’s stock.

CECO Environmental Trading Down 3.7%

CECO stock opened at $75.39 on Friday. The business has a fifty day moving average price of $75.03 and a 200 day moving average price of $73.87. CECO Environmental Corp. has a fifty-two week low of $42.82 and a fifty-two week high of $101.24. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of -109.26 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 quarterly earnings data 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. The firm had revenue of $284.96 million during the quarter, compared to the consensus estimate of $282.21 million. CECO Environmental had a positive return on equity of 7.36% and a negative net margin of 3.39%.The business’s revenue for the quarter was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS. Analysts expect that CECO Environmental Corp. will post 2.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CECO has been the topic of a number of analyst reports. Northland Securities set a $125.00 price target on CECO Environmental in a research report on Thursday, August 13th. Weiss Ratings raised CECO Environmental from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 27th. Lake Street Capital boosted their target price on shares of CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price on shares of CECO Environmental in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. started coverage on shares of CECO Environmental in a research report on Thursday, July 9th. They set an “overweight” rating and a $130.00 target price for the company. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, CECO Environmental has a consensus rating of “Moderate Buy” and an average target price of $104.88.

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.