Panoramic Capital LLC Invests $7.94 Million in CECO Environmental Corp. $CECO

Panoramic Capital LLC bought a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 87,460 shares of the company’s stock, valued at approximately $7,936,000. CECO Environmental comprises approximately 3.4% of Panoramic Capital LLC’s portfolio, making the stock its 10th largest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CECO. GAMMA Investing LLC raised its position in 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 purchasing an additional 154 shares in the last quarter. Allworth Financial LP acquired a new stake in CECO Environmental during the second quarter valued at approximately $29,000. ProShare Advisors LLC grew its stake in shares of CECO Environmental by 8.0% in the 4th quarter. ProShare Advisors LLC now owns 5,390 shares of the company’s stock valued at $323,000 after purchasing an additional 399 shares during the period. Osaic Holdings Inc. grew its stake in shares of CECO Environmental by 3.5% in the 2nd quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock valued at $348,000 after purchasing an additional 412 shares during the period. Finally, Morton Brown Family Wealth LLC acquired a new position in shares of CECO Environmental in the 1st quarter worth approximately $29,000. Institutional investors own 68.08% of the company’s stock.

CECO Environmental Stock Performance

NASDAQ:CECO opened at $70.33 on Thursday. The stock has a market capitalization of $4.12 billion, a P/E ratio of -101.93 and a beta of 1.51. The company has a current ratio of 1.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34. CECO Environmental Corp. has a 1 year low of $42.78 and a 1 year high of $101.24. The firm has a 50 day moving average of $79.32 and a 200-day moving average of $74.10.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CECO. Zacks Research lowered CECO Environmental from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Weiss Ratings lowered CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 12th. Lake Street Capital lifted their price objective on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. JPMorgan Chase & Co. initiated coverage on shares of CECO Environmental in a research note on Thursday, July 9th. They issued an “overweight” rating and a $130.00 target price on the stock. Finally, Roth Capital reaffirmed a “buy” rating and issued a $85.00 target price on shares of CECO Environmental in a report on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, CECO Environmental presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.88.

Insiders Place Their Bets

In other CECO Environmental news, Director Richard F. Wallman bought 20,000 shares of the stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the completion of the purchase, the director owned 105,500 shares in the company, valued at $8,107,675. This represents a 23.39% increase in their position. The acquisition 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 CECO Environmental stock in a transaction dated 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 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 represents a 42.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 18.40% of the company’s stock.

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.