Public Employees Retirement System of Ohio Takes Position in CECO Environmental Corp. $CECO

Public Employees Retirement System of Ohio acquired a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) in the second quarter, Holdings Channel.com reports. The firm acquired 81,665 shares of the company’s stock, valued at approximately $7,410,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in CECO Environmental during the second quarter valued at about $392,358,000. Jupiter Topco LLC bought a new stake in shares of CECO Environmental in the 2nd quarter worth approximately $86,194,000. Legal & General Group Plc bought a new stake in shares of CECO Environmental in the 2nd quarter worth approximately $40,461,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 366,611 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of CECO Environmental during the second quarter valued at approximately $30,475,000. 68.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CECO. TD Cowen initiated coverage on CECO Environmental in a research note on Wednesday, August 5th. They issued a “buy” rating and a $85.00 target price for the company. Zacks Research lowered shares of CECO Environmental from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Lake Street Capital increased their price objective on shares of CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Needham & Company LLC reiterated a “buy” rating and set a $110.00 target price on shares of CECO Environmental in a research report on Tuesday, August 11th. Finally, Weiss Ratings raised shares of CECO Environmental from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.88.

Insider Activity

In other CECO Environmental news, CFO Peter K. Johansson sold 30,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the sale, the chief financial officer directly owned 40,746 shares of the company’s stock, valued at approximately $3,931,581.54. This represents a 42.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jason Dezwirek sold 34,000 shares of the firm’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 transaction of $3,284,740.00. Following the sale, the director directly owned 166,000 shares of the company’s stock, 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. Company insiders own 16.90% of the company’s stock.

CECO Environmental Stock Performance

Shares of NASDAQ:CECO opened at $70.55 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 business’s fifty day moving average price is $77.12 and its two-hundred day moving average price is $74.02. CECO Environmental Corp. has a fifty-two week low of $42.82 and a fifty-two week high of $101.24. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of -102.25 and a beta of 1.51.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $284.96 million during the quarter, compared to analysts’ expectations of $282.21 million. During the same period last year, the business earned $0.26 earnings per share. The business’s revenue was up 53.7% on a year-over-year basis. As a group, analysts predict that CECO Environmental Corp. will post 2.35 EPS for the current fiscal 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.