CECO Environmental Corp. $CECO Shares Purchased by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC grew its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 38.9% in the third quarter, HoldingsChannel reports. The fund owned 32,128 shares of the company’s stock after buying an additional 8,998 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in CECO Environmental were worth $1,638,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Global Retirement Partners LLC acquired a new position in CECO Environmental during the third quarter worth approximately $50,000. First Horizon Corp acquired a new position in CECO Environmental in the third quarter valued at $64,000. Farther Finance Advisors LLC grew its position in CECO Environmental by 224.7% during the second quarter. Farther Finance Advisors LLC now owns 1,445 shares of the company’s stock valued at $41,000 after acquiring an additional 1,000 shares during the period. State of Alaska Department of Revenue acquired a new stake in CECO Environmental during the third quarter worth about $94,000. Finally, Raymond James Financial Inc. acquired a new position in shares of CECO Environmental in the 2nd quarter valued at about $102,000. 68.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CECO shares. Northland Securities lifted their price target on shares of CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, December 24th. Needham & Company LLC raised their target price on shares of CECO Environmental from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CECO Environmental in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded CECO Environmental from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.75.

CECO Environmental Price Performance

CECO opened at $66.17 on Wednesday. CECO Environmental Corp. has a twelve month low of $17.57 and a twelve month high of $67.88. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 46.93 and a beta of 1.39. The company has a current ratio of 1.33, a quick ratio of 1.13 and a debt-to-equity ratio of 0.70. The company has a fifty day simple moving average of $57.74 and a 200 day simple moving average of $49.91.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. CECO Environmental had a net margin of 7.22% and a return on equity of 10.84%. The company had revenue of $197.60 million during the quarter, compared to analysts’ expectations of $190.36 million. During the same period in the prior year, the company posted $0.14 EPS. The firm’s revenue for the quarter was up 45.8% on a year-over-year basis. Equities research analysts expect that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

CECO Environmental Company 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.