William Blair Investment Management LLC Boosts Holdings in CECO Environmental Corp. $CECO

William Blair Investment Management LLC grew its position in CECO Environmental Corp. (NASDAQ:CECO) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 706,273 shares of the company’s stock after purchasing an additional 20,531 shares during the period. William Blair Investment Management LLC’s holdings in CECO Environmental were worth $42,270,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CECO. Caitong International Asset Management Co. Ltd purchased a new stake in shares of CECO Environmental in the 3rd quarter valued at approximately $25,000. Aventura Private Wealth LLC purchased a new stake in shares of CECO Environmental in the 4th quarter valued at approximately $30,000. Advisory Services Network LLC purchased a new stake in shares of CECO Environmental in the 3rd quarter valued at approximately $31,000. AlphaQuest LLC purchased a new stake in shares of CECO Environmental in the 3rd quarter valued at approximately $80,000. Finally, Comerica Bank grew its stake in shares of CECO Environmental by 10,578.6% in the 4th quarter. Comerica Bank now owns 1,495 shares of the company’s stock valued at $89,000 after buying an additional 1,481 shares during the period. Hedge funds and other institutional investors own 68.08% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on CECO shares. Roth Mkm reissued 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 restated a “buy” rating and issued a $103.00 price objective on shares of CECO Environmental in a report on Tuesday, April 28th. HC Wainwright upped their price objective on shares of CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Weiss Ratings lowered shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Finally, Needham & Company LLC upped their price objective on shares of CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $86.83.

CECO Environmental Stock Performance

Shares of CECO stock opened at $81.71 on Monday. The firm’s 50 day moving average price is $67.91 and its 200-day moving average price is $63.65. 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 Corp. has a one year low of $25.96 and a one year high of $90.25. The firm has a market cap of $2.93 billion, a P/E ratio of 220.84 and a beta of 1.53.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.12 by $0.24. The firm had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 EPS. As a group, equities research analysts predict that CECO Environmental Corp. will post 1.77 EPS for the current 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.