Granahan Investment Management LLC Has $5.53 Million Position in CECO Environmental Corp. $CECO

Granahan Investment Management LLC cut its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 14.8% in the first quarter, Holdings Channel reports. The fund owned 92,728 shares of the company’s stock after selling 16,161 shares during the period. Granahan Investment Management LLC’s holdings in CECO Environmental were worth $5,525,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CECO. Morton Brown Family Wealth LLC acquired a new stake in shares of CECO Environmental during the 1st quarter worth about $29,000. Caitong International Asset Management Co. Ltd acquired a new position in CECO Environmental in the third quarter valued at about $25,000. Advisory Services Network LLC bought a new stake in CECO Environmental during the third quarter worth about $31,000. KBC Group NV bought a new stake in CECO Environmental during the first quarter worth about $44,000. Finally, Strs Ohio acquired a new stake in shares of CECO Environmental during the first quarter worth approximately $66,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

CECO Environmental Stock Down 5.0%

Shares of NASDAQ CECO opened at $75.63 on Friday. The firm has a market capitalization of $2.71 billion, a PE ratio of 204.41 and a beta of 1.47. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78. CECO Environmental Corp. has a 1 year low of $33.08 and a 1 year high of $101.24. The firm’s 50-day moving average is $85.50 and its 200-day moving average is $73.18.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.12 by $0.24. The company had revenue of $205.92 million during the quarter, compared to analysts’ expectations of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. CECO Environmental’s revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 EPS. Equities analysts expect that CECO Environmental Corp. will post 1.97 EPS for the current year.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of CECO Environmental stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the completion of the sale, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter K. Johansson sold 30,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the sale, the chief financial officer owned 40,746 shares of the company’s stock, valued at $3,931,581.54. The trade was a 42.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 18.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Roth Capital reiterated a “buy” rating and issued a $85.00 target price on shares of CECO Environmental in a research note on Wednesday, April 29th. Weiss Ratings lowered CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Northland Securities set a $118.00 price target on CECO Environmental in a report on Friday, June 12th. Lake Street Capital lifted their price objective on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $106.71.

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.