Navellier & Associates Inc. Reduces Holdings in CECO Environmental Corp. $CECO

Navellier & Associates Inc. lowered its holdings in shares of CECO Environmental Corp. (NASDAQ:CECO) by 25.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,722 shares of the company’s stock after selling 11,558 shares during the period. Navellier & Associates Inc.’s holdings in CECO Environmental were worth $3,060,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CECO. Jupiter Topco LLC bought a new stake in CECO Environmental during the second quarter worth about $86,194,000. Peregrine Asset Advisers Inc. grew its holdings in CECO Environmental by 142.1% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 113,870 shares of the company’s stock worth $6,815,000 after purchasing an additional 66,843 shares during the period. Oliver Luxxe Assets LLC bought a new position in shares of CECO Environmental during the second quarter valued at approximately $2,230,000. Moran Wealth Management LLC increased its stake in shares of CECO Environmental by 393.4% during the first quarter. Moran Wealth Management LLC now owns 56,953 shares of the company’s stock valued at $3,393,000 after purchasing an additional 45,411 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in shares of CECO Environmental during the second quarter valued at approximately $15,415,000. Hedge funds and other institutional investors own 68.08% of the company’s stock.

CECO Environmental Trading Down 3.4%

Shares of NASDAQ CECO opened at $69.67 on Friday. The firm’s 50 day moving average price is $78.21 and its 200-day moving average price is $74.07. CECO Environmental Corp. has a 52-week low of $42.78 and a 52-week high of $101.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50. The company has a market cap of $4.08 billion, a PE ratio of -100.97 and a beta of 1.51.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.21. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The company had revenue of $284.96 million during the quarter, compared to the consensus estimate of $282.21 million. During the same quarter last year, the firm earned $0.26 earnings per share. The firm’s quarterly revenue was up 53.7% compared to the same quarter last year. On average, equities research analysts expect that CECO Environmental Corp. will post 2.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CECO has been the topic of a number of analyst reports. Northland Securities set a $125.00 price target on CECO Environmental in a research report on Thursday, August 13th. Weiss Ratings upgraded CECO Environmental from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday. TD Cowen initiated coverage on CECO Environmental in a research note on Wednesday, August 5th. They set a “buy” rating and a $85.00 price objective for the company. Zacks Research cut CECO Environmental from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Lake Street Capital raised their price target on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.88.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman bought 20,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were acquired at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the purchase, the director owned 105,500 shares in the company, valued at approximately $8,107,675. This trade represents a 23.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jason Dezwirek sold 34,000 shares of CECO Environmental stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total value of $3,284,740.00. Following the completion of the sale, the director directly owned 166,000 shares of the company’s stock, valued at approximately $16,037,260. The trade was a 17.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 18.40% of the company’s stock.

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.