CECO Environmental Corp. $CECO Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in CECO Environmental Corp. (NASDAQ:CECO) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,770,756 shares of the company’s stock after purchasing an additional 16,708 shares during the period. Vanguard Group Inc.’s holdings in CECO Environmental were worth $90,663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new stake in shares of CECO Environmental in the third quarter valued at approximately $50,000. First Horizon Corp purchased a new position in shares of CECO Environmental during the 3rd quarter worth $64,000. AlphaQuest LLC acquired a new position in shares of CECO Environmental during the 3rd quarter valued at about $80,000. State of Alaska Department of Revenue purchased a new stake in shares of CECO Environmental in the third quarter valued at about $94,000. Finally, State of Wyoming acquired a new stake in CECO Environmental during the third quarter worth about $184,000. Hedge funds and other institutional investors own 68.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Needham & Company LLC boosted their target price on shares of CECO Environmental from $75.00 to $80.00 and gave the company a “buy” rating in a report 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 reaffirmed a “buy” rating and set a $80.00 target price on shares of CECO Environmental in a research note on Wednesday, February 25th. Northland Securities raised their price target on CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, December 24th. Finally, Zacks Research raised CECO Environmental from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, CECO Environmental presently has an average rating of “Moderate Buy” and an average price target of $78.20.

CECO Environmental Stock Performance

NASDAQ:CECO opened at $54.55 on Friday. 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 firm has a market cap of $1.95 billion, a price-to-earnings ratio of 40.11 and a beta of 1.39. The firm’s fifty day moving average price is $66.89 and its 200 day moving average price is $56.76. CECO Environmental Corp. has a 1-year low of $17.57 and a 1-year high of $81.72.

CECO Environmental (NASDAQ:CECO) last released its earnings results on Tuesday, February 24th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.35). CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.The firm had revenue of $214.69 million during the quarter, compared to analyst estimates of $205.39 million. During the same quarter last year, the business posted $0.27 EPS. The firm’s revenue was up 35.4% on a year-over-year basis. On average, sell-side analysts expect that CECO Environmental Corp. will post 0.67 EPS for the current year.

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.