Royce & Associates LP Has $44.33 Million Stock Position in CECO Environmental Corp. $CECO

Royce & Associates LP lowered its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 740,687 shares of the company’s stock after selling 84,473 shares during the quarter. Royce & Associates LP’s holdings in CECO Environmental were worth $44,330,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CECO. American Century Companies Inc. raised its stake in shares of CECO Environmental by 16,844.6% during the 3rd quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock worth $64,399,000 after purchasing an additional 1,250,373 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of CECO Environmental by 3,620.8% during the 3rd quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock worth $15,498,000 after purchasing an additional 294,556 shares in the last quarter. UBS Group AG raised its stake in shares of CECO Environmental by 449.0% during the 4th quarter. UBS Group AG now owns 267,288 shares of the company’s stock worth $15,997,000 after purchasing an additional 218,599 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of CECO Environmental by 36.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 672,147 shares of the company’s stock worth $40,229,000 after purchasing an additional 178,892 shares in the last quarter. Finally, Castleark Management LLC bought a new stake in shares of CECO Environmental during the 3rd quarter worth approximately $7,853,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

Wall Street Analysts Forecast Growth

CECO has been the topic of a number of analyst reports. Weiss Ratings cut CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Zacks Research upgraded CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Needham & Company LLC upped their price objective on CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Lake Street Capital reiterated a “buy” rating and set a $80.00 price objective on shares of CECO Environmental in a research note on Wednesday, February 25th. Finally, Roth Mkm reiterated a “buy” rating and set a $85.00 price objective on shares of CECO Environmental in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $86.83.

CECO Environmental Price Performance

CECO stock opened at $81.71 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 220.84 and a beta of 1.53. The business’s fifty day moving average price is $68.46 and its two-hundred day moving average price is $63.85. CECO Environmental Corp. has a fifty-two week low of $25.96 and a fifty-two week high of $90.25.

CECO Environmental (NASDAQ:CECO) last released its earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.24. The company had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.CECO Environmental’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. On average, equities analysts anticipate that CECO Environmental Corp. will post 1.77 earnings per share for the current year.

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.