Divisadero Street Capital Management LP Makes New Investment in CECO Environmental Corp. $CECO

Divisadero Street Capital Management LP acquired a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) during the third quarter, Holdings Channel.com reports. The firm acquired 150,000 shares of the company’s stock, valued at approximately $7,680,000.

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

CECO Environmental Price Performance

Shares of CECO stock opened at $54.50 on Monday. The company has a market capitalization of $1.94 billion, a P/E ratio of 40.07 and a beta of 1.39. The company’s 50-day simple moving average is $66.09 and its two-hundred day simple moving average is $57.20. CECO Environmental Corp. has a one year low of $17.57 and a one year high of $81.72. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.34 and a quick ratio of 1.16.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.35). CECO Environmental had a net margin of 6.46% and a return on equity of 10.60%. The company had revenue of $214.69 million for the quarter, compared to the consensus estimate of $205.39 million. During the same period in the prior year, the firm posted $0.27 EPS. The business’s revenue was up 35.4% on a year-over-year basis. As a group, equities analysts anticipate that CECO Environmental Corp. will post 0.67 EPS for the current year.

Wall Street Analysts Forecast Growth

CECO has been the topic of a number of analyst reports. HC Wainwright upped their target price on CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Roth Mkm raised their price target on CECO Environmental from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Needham & Company LLC boosted their price objective on CECO Environmental from $75.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Lake Street Capital reaffirmed a “buy” rating and issued a $80.00 price objective on shares of CECO Environmental in a research report on Wednesday, February 25th. Finally, Northland Securities increased their target price on CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 24th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.20.

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.