Vanguard Group Inc. Boosts Stock Holdings in CECO Environmental Corp. $CECO

Vanguard Group Inc. boosted its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,780,596 shares of the company’s stock after buying an additional 9,840 shares during the period. Vanguard Group Inc.’s holdings in CECO Environmental were worth $106,569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of CECO Environmental during the 3rd quarter worth approximately $25,000. Aventura Private Wealth LLC acquired a new position in shares of CECO Environmental during the 4th quarter worth approximately $30,000. Advisory Services Network LLC acquired a new position in CECO Environmental in the third quarter valued at approximately $31,000. Global Retirement Partners LLC acquired a new position in CECO Environmental in the third quarter valued at approximately $50,000. Finally, First Horizon Corp acquired a new position in CECO Environmental during the third quarter worth $64,000. 68.08% of the stock is currently owned by institutional investors and hedge funds.

CECO Environmental Trading Down 1.3%

Shares of CECO opened at $80.45 on Wednesday. The stock has a fifty day moving average of $63.58 and a two-hundred day moving average of $61.90. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33. The company has a market capitalization of $2.89 billion, a PE ratio of 217.43 and a beta of 1.53. CECO Environmental Corp. has a fifty-two week low of $25.23 and a fifty-two week high of $90.25.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.24. The company had revenue of $205.92 million during the quarter, compared to the consensus estimate of $198.88 million. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.CECO Environmental’s revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. As a group, analysts forecast that CECO Environmental Corp. will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Needham & Company LLC upped their price target on CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Roth Mkm restated a “buy” rating and issued a $85.00 price target on shares of CECO Environmental in a research note on Wednesday, April 29th. Craig Hallum reaffirmed a “buy” rating and set a $103.00 price objective on shares of CECO Environmental in a report on Tuesday, April 28th. HC Wainwright raised their price target on CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Finally, Weiss Ratings lowered CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CECO Environmental presently has an average rating of “Buy” and a consensus price target of $86.83.

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.