CECO Environmental Corp. $CECO Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. reduced its holdings in CECO Environmental Corp. (NASDAQ:CECO) by 25.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,722 shares of the company’s stock after selling 11,558 shares during the period. Navellier & Associates Inc. owned approximately 0.09% of CECO Environmental worth $3,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CECO. BlackRock Inc. purchased a new stake in CECO Environmental in the second quarter valued at $392,358,000. Jupiter Topco LLC acquired a new stake in shares of CECO Environmental during the second quarter worth about $86,194,000. Legal & General Group Plc purchased a new position in CECO Environmental in the 2nd quarter valued at approximately $40,461,000. T. Rowe Price Investment Management Inc. increased its holdings in CECO Environmental by 104.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock worth $43,032,000 after purchasing an additional 366,611 shares during the period. Finally, Deutsche Bank AG acquired a new stake in CECO Environmental in the second quarter valued at approximately $30,475,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $69.67 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50. CECO Environmental Corp. has a one year low of $42.78 and a one year high of $101.24. The firm has a market capitalization of $4.08 billion, a P/E ratio of -100.97 and a beta of 1.51. The company’s fifty day moving average is $78.21 and its two-hundred day moving average is $74.07.

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 analysts’ consensus estimates of $0.26 by $0.21. The business had revenue of $284.96 million during the quarter, compared to the consensus estimate 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 was up 53.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 EPS. Analysts forecast that CECO Environmental Corp. will post 2.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Zacks Research cut CECO Environmental from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Northland Securities set a $125.00 price objective on shares of CECO Environmental in a research report on Thursday, August 13th. TD Cowen assumed coverage on shares of CECO Environmental in a research note on Wednesday, August 5th. They set a “buy” rating and a $85.00 target price for the company. Lake Street Capital increased their price objective on CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. began coverage on CECO Environmental in a report on Thursday, July 9th. They set an “overweight” rating and a $130.00 price target for the company. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, CECO Environmental has a consensus rating of “Moderate Buy” and an average target price of $104.88.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total value of $3,284,740.00. Following the completion of the transaction, the director directly owned 166,000 shares of the company’s stock, valued at approximately $16,037,260. This trade represents a 17.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Peter K. Johansson sold 30,000 shares of CECO Environmental stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the sale, the chief financial officer owned 40,746 shares of the company’s stock, valued at approximately $3,931,581.54. The trade was a 42.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 18.40% of the stock is currently owned by corporate insiders.

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.