Janus Henderson Group PLC Sells 14,218 Shares of CECO Environmental Corp. $CECO

Janus Henderson Group PLC cut its position in CECO Environmental Corp. (NASDAQ:CECO) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 907,782 shares of the company’s stock after selling 14,218 shares during the period. Janus Henderson Group PLC owned about 2.53% of CECO Environmental worth $54,087,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CECO. T. Rowe Price Investment Management Inc. raised its holdings in CECO Environmental by 104.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock worth $43,032,000 after buying an additional 366,611 shares during the period. Capital World Investors acquired a new stake in CECO Environmental in the 4th quarter valued at $19,936,000. Two Sigma Investments LP raised its holdings in CECO Environmental by 3,620.8% during the third quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock worth $15,498,000 after acquiring an additional 294,556 shares in the last quarter. IES Holdings Inc. bought a new stake in shares of CECO Environmental during the 4th quarter worth approximately $16,963,000. Finally, Franklin Resources Inc. raised its position in CECO Environmental by 818.9% during the fourth quarter. Franklin Resources Inc. now owns 253,491 shares of the company’s stock worth $15,171,000 after acquiring an additional 225,906 shares in the last quarter. Institutional investors and hedge funds own 68.08% of the company’s stock.

Insider Buying and Selling at CECO Environmental

In related news, Director Richard F. Wallman acquired 20,000 shares of the company’s stock in a transaction on 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 purchase, the director owned 105,500 shares in the company, valued at approximately $8,107,675. The trade was a 23.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jason Dezwirek sold 34,000 shares of CECO Environmental stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the transaction, the director directly owned 166,000 shares in the company, valued at approximately $16,037,260. This represents a 17.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 18.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CECO shares. Weiss Ratings lowered CECO Environmental from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Northland Securities set a $118.00 price objective on shares of CECO Environmental in a research note on Friday, June 12th. Zacks Research upgraded CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Needham & Company LLC boosted their target price on shares of CECO Environmental from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. initiated coverage on CECO Environmental in a report on Thursday, July 9th. They set an “overweight” rating and a $130.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $106.71.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $65.89 on Friday. CECO Environmental Corp. has a 1-year low of $41.72 and a 1-year high of $101.24. The firm has a market capitalization of $2.36 billion, a P/E ratio of 178.08 and a beta of 1.47. The firm’s 50-day moving average price is $84.12 and its 200-day moving average price is $73.39. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78.

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.