Great Lakes Advisors LLC Purchases Shares of 83,420 CECO Environmental Corp. $CECO

Great Lakes Advisors LLC acquired a new position in shares of CECO Environmental Corp. (NASDAQ:CECO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 83,420 shares of the company’s stock, valued at approximately $7,570,000. Great Lakes Advisors LLC owned 0.23% of CECO Environmental at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada boosted its holdings in CECO Environmental by 15.6% during the first quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock worth $335,000 after buying an additional 1,982 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of CECO Environmental by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock worth $398,000 after acquiring an additional 790 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in CECO Environmental by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 93,137 shares of the company’s stock valued at $2,124,000 after purchasing an additional 5,000 shares during the period. Jane Street Group LLC acquired a new position in shares of CECO Environmental during the 1st quarter worth approximately $1,047,000. Finally, Rhumbline Advisers lifted its position in shares of CECO Environmental by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock valued at $1,221,000 after buying an additional 991 shares in the last quarter. 68.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $16,037,260. The trade was a 17.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard F. Wallman purchased 20,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were purchased at an average price of $76.85 per share, for a total transaction of $1,537,000.00. Following the completion of the purchase, the director directly owned 105,500 shares of the company’s stock, valued at $8,107,675. This represents a 23.39% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 18.40% of the stock is currently owned by corporate insiders.

CECO Environmental Trading Down 1.7%

Shares of CECO stock opened at $75.22 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -109.01 and a beta of 1.51. The company’s 50-day moving average price is $81.70 and its 200-day moving average price is $74.01. CECO Environmental Corp. has a twelve month low of $42.78 and a twelve month high of $101.24.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.21. The business had revenue of $284.96 million during the quarter, compared to analysts’ expectations of $282.21 million. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The business’s revenue for the quarter was up 53.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 EPS. As a group, equities analysts predict that CECO Environmental Corp. will post 2.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

CECO has been the subject of several recent analyst reports. TD Cowen began coverage on shares of CECO Environmental in a report on Wednesday, August 5th. They issued a “buy” rating and a $85.00 price target for the company. Northland Securities set a $125.00 target price on shares of CECO Environmental in a research report on Thursday, August 13th. JPMorgan Chase & Co. began coverage on shares of CECO Environmental in a research report on Thursday, July 9th. They set an “overweight” rating and a $130.00 price target for the company. Craig Hallum reaffirmed a “buy” rating and issued a $103.00 price target on shares of CECO Environmental in a research note on Tuesday, April 28th. Finally, Roth Capital reiterated a “buy” rating and issued a $85.00 price objective on shares of CECO Environmental in a report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.88.

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.