Deutsche Bank AG Makes New $30.48 Million Investment in CECO Environmental Corp. $CECO

Deutsche Bank AG purchased a new position in CECO Environmental Corp. (NASDAQ:CECO) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 335,846 shares of the company’s stock, valued at approximately $30,475,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in CECO Environmental by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock worth $106,569,000 after purchasing an additional 9,840 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of CECO Environmental by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 903,291 shares of the company’s stock worth $53,813,000 after purchasing an additional 7,751 shares during the period. Geode Capital Management LLC lifted its position in shares of CECO Environmental by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 729,700 shares of the company’s stock worth $43,680,000 after buying an additional 8,734 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of 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 valued at $43,032,000 after buying an additional 366,611 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in CECO Environmental by 3.0% during the fourth quarter. William Blair Investment Management LLC now owns 706,273 shares of the company’s stock worth $42,270,000 after acquiring an additional 20,531 shares during the period. 68.08% of the stock is owned by institutional investors and hedge funds.

CECO Environmental Price Performance

NASDAQ:CECO opened at $71.52 on Friday. CECO Environmental Corp. has a 52-week low of $42.78 and a 52-week high of $101.24. The company has a quick ratio of 1.18, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The firm has a market cap of $2.57 billion, a P/E ratio of -103.65 and a beta of 1.51. The business’s 50-day moving average price is $80.72 and its 200 day moving average price is $74.03.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.21. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The company had revenue of $284.96 million during the quarter, compared to analyst estimates of $282.21 million. During the same quarter last year, the firm posted $0.26 EPS. The business’s revenue for the quarter was up 53.7% on a year-over-year basis. As a group, sell-side analysts predict that CECO Environmental Corp. will post 2.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CECO Environmental news, 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 value of $2,894,700.00. Following the transaction, the chief financial officer owned 40,746 shares in the company, valued at approximately $3,931,581.54. The trade was a 42.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jason Dezwirek sold 34,000 shares of the company’s stock in a transaction on 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 in the company, valued at $16,037,260. This represents a 17.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 18.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CECO. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of CECO Environmental in a report on Tuesday, August 11th. JPMorgan Chase & Co. assumed coverage on CECO Environmental in a report on Thursday, July 9th. They issued an “overweight” rating and a $130.00 price target on the stock. Weiss Ratings downgraded CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 12th. Craig Hallum reiterated a “buy” rating and issued a $103.00 target price on shares of CECO Environmental in a research note on Tuesday, April 28th. Finally, Lake Street Capital upped their price target on shares of CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Eight investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CECO Environmental currently has a consensus rating of “Moderate Buy” and an average price target of $104.88.

CECO Environmental 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.