King Luther Capital Management Corp Sells 174,123 Shares of CECO Environmental Corp. $CECO

King Luther Capital Management Corp lessened its position in CECO Environmental Corp. (NASDAQ:CECO) by 15.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 951,199 shares of the company’s stock after selling 174,123 shares during the quarter. King Luther Capital Management Corp owned 2.67% of CECO Environmental worth $56,929,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of CECO Environmental by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock worth $106,569,000 after acquiring an additional 9,840 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of 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 acquiring an additional 1,250,373 shares during the last quarter. William Blair Investment Management LLC lifted its stake in shares of CECO Environmental by 3.0% during the 4th quarter. William Blair Investment Management LLC now owns 706,273 shares of the company’s stock worth $42,270,000 after acquiring an additional 20,531 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of CECO Environmental by 36.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 672,147 shares of the company’s stock worth $40,229,000 after acquiring an additional 178,892 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of CECO Environmental by 3.0% during the 4th quarter. Legal & General Group Plc now owns 418,255 shares of the company’s stock worth $25,033,000 after acquiring an additional 12,074 shares during the last quarter. Institutional investors own 68.08% of the company’s stock.

CECO Environmental Trading Up 10.0%

Shares of NASDAQ CECO opened at $89.87 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $69.17 and a two-hundred day simple moving average of $64.09. The firm has a market cap of $3.22 billion, a PE ratio of 242.89 and a beta of 1.53. CECO Environmental Corp. has a twelve month low of $25.96 and a twelve month high of $90.42.

CECO Environmental (NASDAQ:CECO) last issued its earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. The business had revenue of $205.92 million during the quarter, compared to analyst estimates of $198.88 million. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.CECO Environmental’s revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 EPS. Analysts expect that CECO Environmental Corp. will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CECO. HC Wainwright raised their price target on CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Needham & Company LLC raised their price target on CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Lake Street Capital reissued a “buy” rating and set a $80.00 price target on shares of CECO Environmental in a research note on Wednesday, February 25th. Weiss Ratings lowered CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Finally, Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $86.83.

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.