HighTower Advisors LLC Grows Stock Position in CECO Environmental Corp. $CECO

HighTower Advisors LLC raised its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 132.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,577 shares of the company’s stock after acquiring an additional 11,713 shares during the period. HighTower Advisors LLC’s holdings in CECO Environmental were worth $1,232,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of CECO Environmental by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock valued at $106,569,000 after buying an additional 9,840 shares during the last quarter. 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 valued at $64,399,000 after buying an additional 1,250,373 shares during 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 valued at $40,229,000 after buying an additional 178,892 shares during 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 valued at $15,498,000 after buying an additional 294,556 shares during the last quarter. Finally, 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 valued at $15,997,000 after buying an additional 218,599 shares during the last quarter. Hedge funds and other institutional investors own 68.08% of the company’s stock.

Analysts Set New Price Targets

CECO has been the topic of a number of analyst reports. Craig Hallum restated a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a research report on Tuesday, April 28th. Weiss Ratings cut CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Lake Street Capital restated a “buy” rating and set a $80.00 target price on shares of CECO Environmental in a research report on Wednesday, February 25th. Needham & Company LLC raised their target price on CECO Environmental from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, HC Wainwright raised their target price on CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, CECO Environmental has an average rating of “Buy” and a consensus target price of $86.83.

CECO Environmental Trading Up 1.3%

Shares of CECO Environmental stock opened at $79.47 on Thursday. The stock has a market cap of $2.85 billion, a P/E ratio of 214.78 and a beta of 1.49. The stock’s 50 day simple moving average is $71.93 and its 200-day simple moving average is $65.26. CECO Environmental Corp. has a 1-year low of $25.96 and a 1-year high of $92.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18.

CECO Environmental (NASDAQ:CECO) last issued its earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.24. The business had revenue of $205.92 million for the quarter, compared to analysts’ expectations of $198.88 million. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. Analysts predict that CECO Environmental Corp. will post 1.77 EPS for the current fiscal year.

Insider Buying and Selling at CECO Environmental

In related news, Director Richard F. Wallman bought 20,000 shares of the stock in a transaction dated Monday, June 1st. The shares were acquired at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the acquisition, the director directly owned 105,500 shares in the company, valued at approximately $8,107,675. This trade represents a 23.39% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 18.40% of the stock is currently owned by corporate insiders.

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.