Segall Bryant & Hamill LLC Invests $7.39 Million in CECO Environmental Corp. $CECO

Segall Bryant & Hamill LLC bought a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) in the second quarter, Holdings Channel.com reports. The institutional investor bought 261,173 shares of the company’s stock, valued at approximately $7,394,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rhumbline Advisers increased its position in shares of CECO Environmental by 2.4% during the second quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock worth $1,221,000 after purchasing an additional 991 shares in the last quarter. Legal & General Group Plc increased its position in CECO Environmental by 12.9% during the 2nd quarter. Legal & General Group Plc now owns 652,258 shares of the company’s stock valued at $18,472,000 after buying an additional 74,461 shares in the last quarter. White Pine Capital LLC increased its position in CECO Environmental by 10.2% during the 2nd quarter. White Pine Capital LLC now owns 65,457 shares of the company’s stock valued at $1,853,000 after buying an additional 6,047 shares in the last quarter. Calamos Advisors LLC raised its stake in CECO Environmental by 85.0% in the second quarter. Calamos Advisors LLC now owns 31,224 shares of the company’s stock valued at $884,000 after buying an additional 14,346 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in CECO Environmental by 20.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 7,158 shares of the company’s stock worth $203,000 after acquiring an additional 1,210 shares in the last quarter. 68.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CECO Environmental

In related news, Director Richard F. Wallman acquired 3,000 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was acquired at an average price of $46.93 per share, with a total value of $140,790.00. Following the acquisition, the director directly owned 80,500 shares in the company, valued at $3,777,865. This represents a 3.87% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Todd R. Gleason sold 98,101 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $50.45, for a total value of $4,949,195.45. Following the sale, the chief executive officer directly owned 410,835 shares in the company, valued at approximately $20,726,625.75. This trade represents a 19.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders acquired 7,500 shares of company stock worth $339,915 and sold 300,000 shares worth $15,104,854. 18.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CECO. Weiss Ratings restated a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, October 8th. Zacks Research upgraded shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Needham & Company LLC raised their price target on shares of CECO Environmental from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Lake Street Capital reiterated a “buy” rating and set a $56.00 price objective on shares of CECO Environmental in a research note on Wednesday, July 30th. Finally, Northland Securities set a $60.00 target price on CECO Environmental in a research report on Monday, October 20th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, CECO Environmental has an average rating of “Moderate Buy” and an average price target of $53.60.

CECO Environmental Stock Performance

CECO opened at $50.17 on Monday. CECO Environmental Corp. has a 12-month low of $17.57 and a 12-month high of $56.19. The company has a current ratio of 1.33, a quick ratio of 1.13 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $1.79 billion, a PE ratio of 35.58, a P/E/G ratio of 3.25 and a beta of 1.27. The firm has a 50 day moving average of $50.64 and a two-hundred day moving average of $40.60.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The business had revenue of $197.60 million for the quarter, compared to the consensus estimate of $190.36 million. CECO Environmental had a net margin of 7.22% and a return on equity of 10.84%. The business’s revenue for the quarter was up 45.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. CECO Environmental has set its FY 2026 guidance at EPS. FY 2025 guidance at EPS. On average, analysts anticipate that CECO Environmental Corp. will post 0.67 EPS for the current year.

CECO Environmental Company Profile

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.