17,890 Shares in CECO Environmental Corp. $CECO Purchased by Commerce Bank

Commerce Bank acquired a new position in CECO Environmental Corp. (NASDAQ:CECO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 17,890 shares of the company’s stock, valued at approximately $1,623,000.

A number of other hedge funds have also recently modified their holdings of the business. Royal Bank of Canada raised its holdings in shares of CECO Environmental by 15.6% in 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in CECO Environmental by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock worth $398,000 after purchasing an additional 790 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of CECO Environmental by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 93,137 shares of the company’s stock worth $2,124,000 after buying an additional 5,000 shares in the last quarter. Jane Street Group LLC bought a new position in CECO Environmental during the 1st quarter worth about $1,047,000. Finally, Rhumbline Advisers raised its holdings in shares of CECO Environmental by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock valued at $1,221,000 after purchasing an additional 991 shares in the last quarter. Institutional investors own 68.08% of the company’s stock.

Insider Buying and Selling

In other news, Director Richard F. Wallman acquired 20,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the acquisition, the director owned 105,500 shares in the company, valued at approximately $8,107,675. This represents a 23.39% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 SEC filing for this sale provides additional information. 16.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Lake Street Capital increased their target price on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. TD Cowen began coverage on shares of CECO Environmental in a research note on Wednesday, August 5th. They set a “buy” rating and a $85.00 price objective for the company. Craig Hallum reissued a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a research report on Tuesday, April 28th. Northland Securities set a $125.00 target price on shares of CECO Environmental in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. initiated coverage on CECO Environmental in a research report on Thursday, July 9th. They set an “overweight” rating and a $130.00 target price on the stock. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.88.

CECO Environmental Stock Down 1.4%

NASDAQ:CECO opened at $70.27 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 1.18. The company’s fifty day moving average price is $79.80 and its 200-day moving average price is $74.09. CECO Environmental Corp. has a 1-year low of $42.78 and a 1-year high of $101.24. The firm has a market capitalization of $4.12 billion, a P/E ratio of -101.84 and a beta of 1.51.

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

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.