Rice Hall James & Associates LLC Invests $3.51 Million in CECO Environmental Corp. $CECO

Rice Hall James & Associates LLC purchased a new stake in CECO Environmental Corp. (NASDAQ:CECO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 38,687 shares of the company’s stock, valued at approximately $3,510,000. Rice Hall James & Associates LLC owned approximately 0.11% of CECO Environmental as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in CECO Environmental by 71.6% in the 2nd quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after purchasing an additional 154 shares during the period. Morton Brown Family Wealth LLC purchased a new position in CECO Environmental during the 1st quarter valued at about $29,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of CECO Environmental during the third quarter valued at about $25,000. Advisory Services Network LLC bought a new stake in shares of CECO Environmental during the third quarter valued at about $31,000. Finally, KBC Group NV purchased a new stake in shares of CECO Environmental in the first quarter worth about $44,000. 68.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CECO has been the subject of a number of analyst reports. JPMorgan Chase & Co. assumed coverage on shares of CECO Environmental in a research report on Thursday, July 9th. They issued an “overweight” rating and a $130.00 price objective for the company. TD Cowen started coverage on shares of CECO Environmental in a research note on Wednesday, August 5th. They issued a “buy” rating and a $85.00 target price on the stock. Northland Securities set a $125.00 price target on shares of CECO Environmental in a report on Thursday. Roth Capital reissued a “buy” rating and issued a $85.00 price target on shares of CECO Environmental in a report on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.88.

CECO Environmental Stock Performance

Shares of CECO opened at $84.15 on Tuesday. CECO Environmental Corp. has a 12-month low of $42.78 and a 12-month high of $101.24. The company has a current ratio of 1.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34. The company has a market cap of $3.02 billion, a PE ratio of -121.96 and a beta of 1.51. The stock has a 50-day moving average price of $82.41 and a 200-day moving average price of $73.93.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.21. The company had revenue of $284.96 million for the quarter, compared to analysts’ expectations of $282.21 million. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. CECO Environmental’s revenue for the quarter was up 53.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 earnings per share. As a group, equities analysts forecast that CECO Environmental Corp. will post 2.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CECO Environmental news, 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 completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jason Dezwirek sold 34,000 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 166,000 shares in the company, valued at $16,037,260. The trade was a 17.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 16.90% of the company’s stock.

About CECO Environmental

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.