CECO Environmental Corp. $CECO Stake Cut by Expect Equity LLC

Expect Equity LLC cut its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 35.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,884 shares of the company’s stock after selling 26,360 shares during the quarter. CECO Environmental accounts for about 2.8% of Expect Equity LLC’s investment portfolio, making the stock its 11th largest holding. Expect Equity LLC owned about 0.13% of CECO Environmental worth $2,866,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its stake in CECO Environmental by 8.0% during the fourth quarter. ProShare Advisors LLC now owns 5,390 shares of the company’s stock worth $323,000 after purchasing an additional 399 shares during the last quarter. Osaic Holdings Inc. lifted its stake in CECO Environmental by 3.5% during the second quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock worth $348,000 after purchasing an additional 412 shares during the last quarter. Ellsworth Advisors LLC lifted its stake in CECO Environmental by 3.2% during the fourth quarter. Ellsworth Advisors LLC now owns 15,047 shares of the company’s stock worth $996,000 after purchasing an additional 462 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in CECO Environmental during the third quarter worth $25,000. Finally, Aventura Private Wealth LLC bought a new position in CECO Environmental during the fourth quarter worth $30,000. 68.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CECO has been the topic of a number of recent research reports. Weiss Ratings cut CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Needham & Company LLC raised their target price on CECO Environmental from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Craig Hallum reiterated a “buy” rating and issued a $103.00 target price on shares of CECO Environmental in a research note on Tuesday, April 28th. Zacks Research upgraded CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, CECO Environmental currently has an average rating of “Buy” and a consensus price target of $102.83.

CECO Environmental Price Performance

Shares of CECO opened at $94.46 on Thursday. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 255.30 and a beta of 1.49. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33. CECO Environmental Corp. has a one year low of $27.50 and a one year high of $101.24. The stock’s fifty day moving average is $77.81 and its 200-day moving average is $68.08.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. The company had revenue of $205.92 million for 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%.The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. Equities analysts anticipate that CECO Environmental Corp. will post 1.96 EPS for the current year.

Insider Activity at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman purchased 20,000 shares of the stock in a transaction dated Monday, June 1st. The shares were bought at an average cost of $76.85 per share, with a total value of $1,537,000.00. Following the completion of the acquisition, the director owned 105,500 shares of the company’s stock, valued at approximately $8,107,675. This trade represents a 23.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 18.40% of the company’s stock.

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.