Osterweis Capital Management Inc. Invests $4.70 Million in CECO Environmental Corp. $CECO

Osterweis Capital Management Inc. acquired a new position in shares of CECO Environmental Corp. (NASDAQ:CECO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 51,772 shares of the company’s stock, valued at approximately $4,698,000. Osterweis Capital Management Inc. owned about 0.14% of CECO Environmental as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CECO. Caitong International Asset Management Co. Ltd bought a new position in CECO Environmental in the 3rd quarter worth approximately $25,000. Morton Brown Family Wealth LLC acquired a new position in shares of CECO Environmental during the first quarter worth approximately $29,000. Allworth Financial LP bought a new stake in shares of CECO Environmental in the second quarter valued at approximately $29,000. Advisory Services Network LLC bought a new stake in shares of CECO Environmental in the third quarter valued at approximately $31,000. Finally, GAMMA Investing LLC grew its stake in shares of CECO Environmental by 71.6% in the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after acquiring an additional 154 shares during the last quarter. Institutional investors own 68.08% of the company’s stock.

Insider Activity at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of $76.85 per share, with a total value of $1,537,000.00. Following the completion of the transaction, the director directly owned 105,500 shares of the company’s stock, valued at approximately $8,107,675. This trade represents a 23.39% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Peter K. Johansson sold 30,000 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the completion of the transaction, the chief financial officer directly owned 40,746 shares of the company’s stock, valued at $3,931,581.54. This trade represents a 42.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 16.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CECO shares. TD Cowen began coverage on shares of CECO Environmental in a research report on Wednesday, August 5th. They set a “buy” rating and a $85.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of CECO Environmental in a research report on Thursday, July 9th. They issued an “overweight” rating and a $130.00 price target on the stock. Lake Street Capital boosted their price objective on shares of CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Craig Hallum reissued a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a research report on Tuesday, April 28th. Finally, Zacks Research downgraded CECO Environmental from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.88.

CECO Environmental Stock Down 1.4%

Shares of CECO stock opened at $70.27 on Wednesday. CECO Environmental Corp. has a one year low of $42.78 and a one year high of $101.24. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 1.18. The stock has a fifty day moving average price of $79.80 and a 200 day moving average price of $74.09. The stock has a market cap of $4.12 billion, a P/E ratio of -101.84 and a beta of 1.51.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings results 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. The firm had revenue of $284.96 million for the quarter, compared to analyst estimates of $282.21 million. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The business’s revenue for the quarter was up 53.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 EPS. Analysts predict that CECO Environmental Corp. will post 2.35 earnings per share for the current year.

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.