67,275 Shares in CECO Environmental Corp. $CECO Purchased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC acquired a new position in shares of CECO Environmental Corp. (NASDAQ:CECO) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 67,275 shares of the company’s stock, valued at approximately $6,105,000. CECO Environmental makes up approximately 1.3% of Lisanti Capital Growth LLC’s holdings, making the stock its 26th largest position. Lisanti Capital Growth LLC owned approximately 0.19% of CECO Environmental at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of CECO Environmental by 71.6% in the 2nd quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock valued at $33,000 after buying an additional 154 shares in the last quarter. ProShare Advisors LLC boosted 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 acquiring an additional 399 shares in the last quarter. Osaic Holdings Inc. increased its stake in CECO Environmental by 3.5% in the second quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock valued at $348,000 after acquiring an additional 412 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in CECO Environmental during the first quarter valued at approximately $29,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in CECO Environmental during the third quarter valued at approximately $25,000. 68.08% of the stock is owned by institutional investors.

CECO Environmental Stock Performance

Shares of CECO Environmental stock opened at $75.22 on Thursday. The company’s 50 day moving average price is $81.70 and its two-hundred day moving average price is $74.01. The firm has a market capitalization of $2.70 billion, a P/E ratio of -109.01 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 current ratio of 1.50 and a quick ratio of 1.18.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.21. CECO Environmental had a positive return on equity of 7.36% and a negative net margin of 3.39%.The company had revenue of $284.96 million during the quarter, compared to analysts’ expectations of $282.21 million. During the same period in the prior year, the company earned $0.26 EPS. CECO Environmental’s revenue was up 53.7% compared to the same quarter last year. On average, equities analysts forecast that CECO Environmental Corp. will post 2.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Richard F. Wallman purchased 20,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were purchased at an average cost of $76.85 per share, with a total value of $1,537,000.00. Following the completion of the purchase, the director owned 105,500 shares of the company’s stock, valued at $8,107,675. This trade represents a 23.39% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jason Dezwirek sold 34,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was 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 in the company, valued at approximately $16,037,260. This trade represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 18.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CECO shares. Lake Street Capital raised 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 reissued a “buy” rating and set a $110.00 price target on shares of CECO Environmental in a report on Tuesday, August 11th. TD Cowen initiated coverage on CECO Environmental in a research report on Wednesday, August 5th. They set a “buy” rating and a $85.00 price objective for the company. Zacks Research lowered CECO Environmental from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings cut CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.88.

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.