CECO Environmental Corp. $CECO Stock Position Decreased by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 51.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,708 shares of the company’s stock after selling 85,558 shares during the quarter. Squarepoint Ops LLC owned approximately 0.14% of CECO Environmental worth $7,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its position in CECO Environmental by 15,819.8% during the second quarter. California State Teachers Retirement System now owns 5,533,416 shares of the company’s stock valued at $502,102,000 after acquiring an additional 5,498,658 shares in the last quarter. BlackRock Inc. acquired a new position in shares of CECO Environmental during the 2nd quarter worth $392,358,000. Jupiter Topco LLC bought a new position in shares of CECO Environmental during the 2nd quarter valued at $86,194,000. Dimensional Fund Advisors LP lifted its stake in shares of CECO Environmental by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 903,291 shares of the company’s stock valued at $53,813,000 after purchasing an additional 7,751 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in CECO Environmental by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 729,700 shares of the company’s stock worth $43,680,000 after purchasing an additional 8,734 shares in the last quarter. Institutional investors and hedge funds own 68.08% of the company’s stock.

Insider Activity at CECO Environmental

In other news, Director Jason Dezwirek sold 34,000 shares of CECO Environmental stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the sale, the director owned 166,000 shares of the company’s stock, valued at approximately $16,037,260. This trade represents a 17.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter K. Johansson sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total value of $2,894,700.00. Following the sale, the chief financial officer owned 40,746 shares in the company, valued at approximately $3,931,581.54. This represents a 42.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 18.40% of the company’s stock.

CECO Environmental Stock Performance

NASDAQ CECO opened at $75.39 on Friday. The company’s fifty day moving average is $75.03 and its two-hundred day moving average is $73.87. CECO Environmental Corp. has a 52-week low of $42.82 and a 52-week high of $101.24. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 1.18. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of -109.26 and a beta of 1.51.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $284.96 million during the quarter, compared to analyst estimates of $282.21 million. During the same quarter in the prior year, the business earned $0.26 earnings per share. The firm’s revenue for the quarter was up 53.7% on a year-over-year basis. Equities research analysts forecast that CECO Environmental Corp. will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

CECO has been the subject of a number of analyst reports. Lake Street Capital boosted their price target on CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Weiss Ratings raised CECO Environmental from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, August 27th. Needham & Company LLC restated a “buy” rating and issued a $110.00 target price on shares of CECO Environmental in a report on Tuesday, August 11th. Northland Securities set a $125.00 target price on CECO Environmental in a research report on Thursday, August 13th. Finally, TD Cowen assumed coverage on CECO Environmental in a report on Wednesday, August 5th. They set a “buy” rating and a $85.00 price target on the stock. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.88.

CECO Environmental 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.