CECO Environmental Corp. $CECO Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC decreased its holdings in shares of CECO Environmental Corp. (NASDAQ:CECO) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,056 shares of the company’s stock after selling 10,723 shares during the period. Great Lakes Advisors LLC owned approximately 0.34% of CECO Environmental worth $6,147,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CECO. Hood River Capital Management LLC boosted its stake in shares of CECO Environmental by 0.7% in the second quarter. Hood River Capital Management LLC now owns 1,941,741 shares of the company’s stock valued at $54,971,000 after buying an additional 14,073 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in CECO Environmental by 4.6% in the second quarter. King Luther Capital Management Corp now owns 1,177,461 shares of the company’s stock valued at $33,334,000 after acquiring an additional 51,357 shares during the period. William Blair Investment Management LLC lifted its holdings in CECO Environmental by 4.9% in the second quarter. William Blair Investment Management LLC now owns 945,897 shares of the company’s stock valued at $26,778,000 after acquiring an additional 44,310 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of CECO Environmental by 2.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 757,433 shares of the company’s stock worth $21,443,000 after purchasing an additional 15,176 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of CECO Environmental by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 712,331 shares of the company’s stock worth $20,168,000 after purchasing an additional 18,501 shares during the period. 68.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on CECO shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of CECO Environmental in a research note on Wednesday, January 21st. Zacks Research raised shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Northland Securities boosted their price target on CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 24th. Finally, Needham & Company LLC upped their price target on CECO Environmental from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, CECO Environmental has an average rating of “Moderate Buy” and a consensus target price of $64.75.

CECO Environmental Price Performance

CECO stock opened at $70.13 on Friday. The stock’s 50 day moving average price is $60.48 and its 200 day moving average price is $51.53. The firm has a market cap of $2.50 billion, a P/E ratio of 49.74 and a beta of 1.39. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.13 and a current ratio of 1.33. CECO Environmental Corp. has a 1 year low of $17.57 and a 1 year high of $71.69.

CECO Environmental (NASDAQ:CECO) last released its quarterly 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. CECO Environmental had a return on equity of 10.84% and a net margin of 7.22%.The company had revenue of $197.60 million during the quarter, compared to the consensus estimate of $190.36 million. During the same quarter last year, the business posted $0.14 earnings per share. CECO Environmental’s revenue was up 45.8% compared to the same quarter last year. On average, sell-side analysts expect that CECO Environmental Corp. will post 0.67 earnings per share for the current fiscal year.

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.