First Eagle Investment Management LLC Trims Stock Position in CECO Environmental Corp. $CECO

First Eagle Investment Management LLC lessened its holdings in CECO Environmental Corp. (NASDAQ:CECO) by 27.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 434,256 shares of the company’s stock after selling 167,222 shares during the period. First Eagle Investment Management LLC owned about 1.22% of CECO Environmental worth $22,234,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Finemark National Bank & Trust bought a new position in CECO Environmental in the third quarter worth approximately $305,000. Arete Wealth Advisors LLC purchased a new stake in shares of CECO Environmental in the 3rd quarter worth $1,042,000. American Century Companies Inc. raised its holdings in CECO Environmental by 16,844.6% in the 3rd quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock worth $64,399,000 after purchasing an additional 1,250,373 shares during the period. Quantbot Technologies LP lifted its position in CECO Environmental by 314.5% during the third quarter. Quantbot Technologies LP now owns 31,088 shares of the company’s stock valued at $1,592,000 after purchasing an additional 23,587 shares in the last quarter. Finally, TD Asset Management Inc bought a new stake in CECO Environmental during the third quarter valued at about $621,000. 68.08% of the stock is currently owned by institutional investors.

CECO Environmental Trading Down 4.4%

Shares of CECO stock opened at $57.81 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 42.51 and a beta of 1.39. CECO Environmental Corp. has a 12-month low of $17.57 and a 12-month high of $81.72. The stock’s 50-day moving average price is $67.32 and its 200-day moving average price is $56.72.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35). CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.The firm had revenue of $214.69 million during the quarter, compared to the consensus estimate of $205.39 million. During the same period in the previous year, the firm earned $0.27 EPS. The business’s revenue was up 35.4% compared to the same quarter last year. Equities research analysts predict that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. HC Wainwright raised their price objective on CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Weiss Ratings restated a “buy (b-)” rating on shares of CECO Environmental in a research note on Wednesday, January 21st. Lake Street Capital reiterated a “buy” rating and issued a $80.00 price target on shares of CECO Environmental in a research report on Wednesday, February 25th. Zacks Research raised shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Needham & Company LLC upped their target price on shares of CECO Environmental from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $78.20.

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.