30,464 Shares in CECO Environmental Corp. $CECO Acquired by Cvfg LLC

Cvfg LLC bought a new position in CECO Environmental Corp. (NASDAQ:CECO) during the 1st quarter, Holdings Channel reports. The institutional investor bought 30,464 shares of the company’s stock, valued at approximately $1,815,000.

Several other large investors have also recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in shares of CECO Environmental by 15.6% in the first quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock worth $335,000 after purchasing an additional 1,982 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in CECO Environmental by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock worth $398,000 after buying an additional 790 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in CECO Environmental by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 93,137 shares of the company’s stock worth $2,124,000 after acquiring an additional 5,000 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of CECO Environmental in the 1st quarter valued at about $1,047,000. Finally, Rhumbline Advisers raised its holdings in shares of CECO Environmental by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock valued at $1,221,000 after acquiring an additional 991 shares in the last quarter. 68.08% of the stock is owned by institutional investors.

CECO Environmental Trading Down 2.3%

NASDAQ:CECO opened at $78.84 on Wednesday. The firm has a market capitalization of $2.83 billion, a P/E ratio of 213.08 and a beta of 1.47. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average of $85.18 and a 200 day moving average of $71.40. CECO Environmental Corp. has a 52 week low of $29.49 and a 52 week high of $101.24.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. The firm had revenue of $205.92 million for 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%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 earnings per share. On average, research analysts predict that CECO Environmental Corp. will post 1.96 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on CECO shares. Needham & Company LLC boosted their price objective on CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Craig Hallum reiterated a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a research report on Tuesday, April 28th. Roth Capital reissued a “buy” rating and issued a $85.00 price target on shares of CECO Environmental in a research note on Wednesday, April 29th. Northland Securities set a $118.00 price target on shares of CECO Environmental in a report on Friday, June 12th. Finally, Lake Street Capital raised their price objective on shares of CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $102.83.

Insider Buying and Selling

In related news, 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 transaction of $3,284,740.00. Following the transaction, the director owned 166,000 shares in the company, valued at $16,037,260. The trade was a 17.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter K. Johansson sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total value of $2,894,700.00. Following the completion of the sale, the chief financial officer owned 40,746 shares of the company’s stock, valued at approximately $3,931,581.54. This trade represents a 42.41% decrease in their position. The SEC filing for this sale provides additional information. 16.90% of the stock is owned by insiders.

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.