Martin & Co. Inc. TN Has $12.24 Million Stock Holdings in CECO Environmental Corp. $CECO

Martin & Co. Inc. TN cut its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 16.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 239,035 shares of the company’s stock after selling 48,550 shares during the quarter. CECO Environmental accounts for 2.2% of Martin & Co. Inc. TN’s portfolio, making the stock its 8th largest position. Martin & Co. Inc. TN owned about 0.67% of CECO Environmental worth $12,239,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CECO. Global Retirement Partners LLC acquired a new position in CECO Environmental during the third quarter worth about $50,000. First Horizon Corp bought a new position in shares of CECO Environmental during the 3rd quarter valued at about $64,000. AlphaQuest LLC acquired a new position in shares of CECO Environmental in the 3rd quarter worth approximately $80,000. State of Alaska Department of Revenue bought a new stake in shares of CECO Environmental in the 3rd quarter worth approximately $94,000. Finally, Raymond James Financial Inc. bought a new stake in shares of CECO Environmental in the 2nd quarter worth approximately $102,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

CECO Environmental Trading Down 0.3%

NASDAQ CECO opened at $78.93 on Wednesday. The firm’s 50 day moving average price is $65.66 and its two-hundred day moving average price is $55.21. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.13 and a current ratio of 1.33. CECO Environmental Corp. has a twelve month low of $17.57 and a twelve month high of $79.96. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 55.98 and a beta of 1.38.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, January 21st. Zacks Research raised CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Northland Securities boosted their target price on CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 24th. Finally, Needham & Company LLC upped their target price on CECO Environmental from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 16th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.75.

About CECO Environmental

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.