TD Asset Management Inc Invests $621,000 in CECO Environmental Corp. $CECO

TD Asset Management Inc bought a new position in shares of CECO Environmental Corp. (NASDAQ:CECO) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,130 shares of the company’s stock, valued at approximately $621,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CECO. Royal Bank of Canada lifted its position in CECO Environmental by 15.6% during the first quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock worth $335,000 after acquiring an additional 1,982 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of CECO Environmental by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock valued at $398,000 after purchasing an additional 790 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of CECO Environmental by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 93,137 shares of the company’s stock worth $2,124,000 after purchasing an additional 5,000 shares during the period. Jane Street Group LLC bought a new position in shares of CECO Environmental during the first quarter worth approximately $1,047,000. Finally, Envestnet Asset Management Inc. acquired a new stake in CECO Environmental during the 2nd quarter worth approximately $306,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

CECO Environmental Trading Down 3.7%

Shares of NASDAQ:CECO opened at $52.53 on Friday. The business’s 50 day simple moving average is $66.71 and its 200 day simple moving average is $56.80. CECO Environmental Corp. has a 1 year low of $17.57 and a 1 year high of $81.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.34 and a quick ratio of 1.16. The company has a market capitalization of $1.87 billion, a P/E ratio of 38.63 and a beta of 1.39.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CECO shares. Roth Mkm boosted their price target on CECO Environmental from $58.00 to $68.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. HC Wainwright increased their price objective on CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Lake Street Capital reissued a “buy” rating and set a $80.00 target price on shares of CECO Environmental in a report on Wednesday, February 25th. Weiss Ratings cut shares of CECO Environmental from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday. Finally, Needham & Company LLC upped their price target on shares of CECO Environmental from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.20.

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.