Jupiter Topco LLC Acquires Shares of 949,904 CECO Environmental Corp. $CECO

Jupiter Topco LLC bought a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 949,904 shares of the company’s stock, valued at approximately $86,194,000. Jupiter Topco LLC owned approximately 2.65% of CECO Environmental at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CECO. Caitong International Asset Management Co. Ltd bought a new stake in CECO Environmental during the third quarter worth about $25,000. Morton Brown Family Wealth LLC bought a new position in shares of CECO Environmental during the first quarter valued at approximately $29,000. Allworth Financial LP bought a new position in shares of CECO Environmental during the second quarter valued at approximately $29,000. Advisory Services Network LLC purchased a new position in shares of CECO Environmental during the third quarter valued at approximately $31,000. Finally, GAMMA Investing LLC lifted its holdings in shares of CECO Environmental by 71.6% during the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock valued at $33,000 after purchasing an additional 154 shares during the last quarter. 68.08% of the stock is owned by hedge funds and other institutional investors.

CECO Environmental Price Performance

Shares of CECO opened at $70.33 on Thursday. CECO Environmental Corp. has a twelve month low of $42.78 and a twelve month high of $101.24. The company has a market capitalization of $4.12 billion, a P/E ratio of -101.93 and a beta of 1.51. The firm has a 50 day moving average of $79.32 and a 200 day moving average of $74.10. The company has a quick ratio of 1.18, a current ratio of 1.50 and a debt-to-equity ratio of 0.34.

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

Insider Transactions at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman acquired 20,000 shares of CECO Environmental stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the acquisition, the director owned 105,500 shares of the company’s stock, valued at $8,107,675. This represents a 23.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jason Dezwirek sold 34,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total value of $3,284,740.00. Following the completion of the transaction, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 18.40% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CECO shares. Weiss Ratings downgraded CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 12th. Zacks Research cut CECO Environmental from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Lake Street Capital increased their target price on CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Needham & Company LLC restated a “buy” rating and set a $110.00 price target on shares of CECO Environmental in a report on Tuesday, August 11th. Finally, Northland Securities set a $125.00 price target on CECO Environmental in a research report on Thursday, August 13th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $104.88.

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.