Polen Capital Management LLC Buys 9,552 Shares of CECO Environmental Corp. $CECO

Polen Capital Management LLC increased its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 15.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,775 shares of the company’s stock after buying an additional 9,552 shares during the period. Polen Capital Management LLC owned about 0.20% of CECO Environmental worth $4,176,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in shares of CECO Environmental during the 3rd quarter valued at approximately $25,000. Aventura Private Wealth LLC bought a new stake in shares of CECO Environmental in the 4th quarter worth approximately $30,000. Advisory Services Network LLC purchased a new position in CECO Environmental in the third quarter valued at approximately $31,000. AlphaQuest LLC bought a new position in CECO Environmental during the third quarter valued at $80,000. Finally, Comerica Bank increased its position in CECO Environmental by 10,578.6% in the fourth quarter. Comerica Bank now owns 1,495 shares of the company’s stock worth $89,000 after buying an additional 1,481 shares during the last quarter. Institutional investors own 68.08% of the company’s stock.

Analyst Ratings Changes

CECO has been the subject of several research reports. Craig Hallum reiterated a “buy” rating and set a $103.00 price target on shares of CECO Environmental in a research note on Tuesday, April 28th. Needham & Company LLC increased their target price on shares of CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday. Roth Mkm reiterated a “buy” rating and issued a $85.00 target price on shares of CECO Environmental in a research note on Wednesday, April 29th. Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, HC Wainwright raised their price objective on shares of CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $95.33.

CECO Environmental Stock Up 4.6%

CECO stock opened at $96.56 on Friday. CECO Environmental Corp. has a twelve month low of $26.78 and a twelve month high of $101.24. The firm has a market capitalization of $3.46 billion, a PE ratio of 260.97 and a beta of 1.49. 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 stock has a 50-day simple moving average of $75.16 and a two-hundred day simple moving average of $66.87.

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

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman acquired 20,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average price of $76.85 per share, for a total transaction of $1,537,000.00. Following the completion of the transaction, the director owned 105,500 shares of the company’s stock, valued at approximately $8,107,675. This represents a 23.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 18.40% of the company’s stock.

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.