Quantbot Technologies LP Buys 23,587 Shares of CECO Environmental Corp. $CECO

Quantbot Technologies LP increased its position in CECO Environmental Corp. (NASDAQ:CECO) by 314.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,088 shares of the company’s stock after buying an additional 23,587 shares during the period. Quantbot Technologies LP’s holdings in CECO Environmental were worth $1,592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in CECO Environmental during the 3rd quarter worth approximately $50,000. First Horizon Corp acquired a new position in shares of CECO Environmental during the third quarter worth approximately $64,000. AlphaQuest LLC acquired a new position in shares of CECO Environmental during the third quarter worth approximately $80,000. State of Alaska Department of Revenue bought a new position in shares of CECO Environmental in the 3rd quarter worth $94,000. Finally, Raymond James Financial Inc. acquired a new stake in CECO Environmental in the 2nd quarter valued at $102,000. 68.08% of the stock is owned by institutional investors.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $54.55 on Friday. The company has a market capitalization of $1.95 billion, a PE ratio of 40.11 and a beta of 1.39. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average price is $66.89 and its 200-day moving average price is $56.76. CECO Environmental Corp. has a twelve month low of $17.57 and a twelve month high of $81.72.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35). The business had revenue of $214.69 million for the quarter, compared to the consensus estimate of $205.39 million. CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.The business’s revenue was up 35.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. On average, equities analysts anticipate that CECO Environmental Corp. will post 0.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Northland Securities upped their price objective on shares of CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, December 24th. Roth Mkm boosted their target price on shares of CECO Environmental from $58.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Needham & Company LLC raised their price target on shares of CECO Environmental from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Lake Street Capital reiterated a “buy” rating and set a $80.00 price target on shares of CECO Environmental in a research note on Wednesday, February 25th. Finally, Weiss Ratings downgraded CECO Environmental from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.20.

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.