UBS Group AG Buys 218,599 Shares of CECO Environmental Corp. $CECO

UBS Group AG boosted its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 449.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 267,288 shares of the company’s stock after purchasing an additional 218,599 shares during the period. UBS Group AG owned about 0.75% of CECO Environmental worth $15,997,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Divisadero Street Capital Management LP bought a new position in CECO Environmental during the third quarter valued at approximately $7,680,000. Emerald Mutual Fund Advisers Trust bought a new position in CECO Environmental in the third quarter worth approximately $3,678,000. Peregrine Asset Advisers Inc. bought a new position in CECO Environmental in the third quarter worth approximately $2,408,000. American Century Companies Inc. raised its position in CECO Environmental by 16,844.6% in the third quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock worth $64,399,000 after acquiring an additional 1,250,373 shares during the period. Finally, Arete Wealth Advisors LLC bought a new position in CECO Environmental in the third quarter worth approximately $1,042,000. Institutional investors own 68.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Lake Street Capital reiterated a “buy” rating and issued a $80.00 price target on shares of CECO Environmental in a research report on Wednesday, February 25th. HC Wainwright increased their price target on shares of CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Weiss Ratings downgraded shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Roth Mkm reiterated a “buy” rating and issued a $85.00 price target on shares of CECO Environmental in a research report on Wednesday, April 29th. Finally, Needham & Company LLC increased their price target on shares of CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $86.83.

CECO Environmental Price Performance

CECO stock opened at $83.14 on Thursday. The company has a market capitalization of $2.98 billion, a PE ratio of 224.70 and a beta of 1.53. The company’s fifty day moving average price is $64.09 and its 200-day moving average price is $62.12. CECO Environmental Corp. has a one year low of $25.58 and a one year high of $90.25. 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 (NASDAQ:CECO) last posted its 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 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 quarterly revenue was up 16.5% on a year-over-year basis. During the same period last year, the company posted $0.10 earnings per share. On average, equities analysts anticipate that CECO Environmental Corp. will post 1.77 EPS for the current fiscal year.

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.