OP Asset Management Ltd Buys Shares of 9,248 CECO Environmental Corp. $CECO

OP Asset Management Ltd purchased a new position in CECO Environmental Corp. (NASDAQ:CECO) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 9,248 shares of the company’s stock, valued at approximately $551,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new position in shares of CECO Environmental during the third quarter valued at approximately $25,000. Aventura Private Wealth LLC acquired a new stake in CECO Environmental in the fourth quarter worth approximately $30,000. Advisory Services Network LLC bought a new position in CECO Environmental during the 3rd quarter valued at $31,000. Comerica Bank boosted its stake in CECO Environmental by 10,578.6% during the 4th quarter. Comerica Bank now owns 1,495 shares of the company’s stock valued at $89,000 after purchasing an additional 1,481 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in shares of CECO Environmental during the 4th quarter valued at $90,000. 68.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Richard F. Wallman purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average price of $76.85 per share, with a total value of $1,537,000.00. Following the purchase, the director owned 105,500 shares of the company’s stock, valued at $8,107,675. This trade represents a 23.39% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jason Dezwirek sold 34,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total value of $3,284,740.00. Following the sale, the director owned 166,000 shares in the company, valued at approximately $16,037,260. The trade was a 17.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 16.90% of the stock is currently owned by company insiders.

CECO Environmental Stock Performance

CECO opened at $90.74 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. The firm has a market cap of $3.25 billion, a PE ratio of 245.24 and a beta of 1.49. The business has a fifty day simple moving average of $83.39 and a 200-day simple moving average of $70.64. CECO Environmental Corp. has a fifty-two week low of $28.26 and a fifty-two week high of $101.24.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The company had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. During the same period in the previous year, the firm earned $0.10 earnings per share. CECO Environmental’s revenue for the quarter was up 16.5% compared to the same quarter last year. As a group, equities analysts predict that CECO Environmental Corp. will post 1.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CECO shares. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Craig Hallum reaffirmed a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a research note on Tuesday, April 28th. Needham & Company LLC lifted their target price on CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings cut shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Finally, Lake Street Capital upped their price target on shares of CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $102.83.

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.