Emerald Mutual Fund Advisers Trust Acquires Shares of 71,844 CECO Environmental Corp. $CECO

Emerald Mutual Fund Advisers Trust acquired a new stake in CECO Environmental Corp. (NASDAQ:CECO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 71,844 shares of the company’s stock, valued at approximately $3,678,000. Emerald Mutual Fund Advisers Trust owned about 0.20% of CECO Environmental as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Segall Bryant & Hamill LLC bought a new position in shares of CECO Environmental in the second quarter valued at about $7,394,000. Osterweis Capital Management Inc. acquired a new position in CECO Environmental in the 2nd quarter valued at about $7,175,000. CSM Advisors LLC bought a new position in CECO Environmental in the 2nd quarter valued at about $5,248,000. G2 Investment Partners Management LLC acquired a new stake in CECO Environmental during the second quarter worth approximately $3,397,000. Finally, Pier Capital LLC acquired a new stake in CECO Environmental during the 2nd quarter worth approximately $3,226,000. 68.08% of the stock is currently owned by institutional investors.

CECO Environmental Stock Performance

Shares of NASDAQ:CECO opened at $68.44 on Friday. The company’s 50 day simple moving average is $58.79 and its 200 day simple moving average is $50.42. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 48.54 and a beta of 1.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.33 and a quick ratio of 1.13. CECO Environmental Corp. has a 1 year low of $17.57 and a 1 year high of $68.78.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Zacks Research raised shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Northland Securities increased their target price on shares of CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CECO Environmental in a research report on Wednesday. Finally, Needham & Company LLC boosted their price target on CECO Environmental from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, CECO Environmental presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.75.

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.