The Manufacturers Life Insurance Company Purchases New Stake in CECO Environmental Corp. $CECO

The Manufacturers Life Insurance Company 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 Securities & Exchange Commission. The institutional investor acquired 24,784 shares of the company’s stock, valued at approximately $2,249,000. The Manufacturers Life Insurance Company owned 0.07% of CECO Environmental at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of CECO Environmental during the 2nd quarter worth $392,358,000. Vanguard Group Inc. grew its position in CECO Environmental by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock worth $106,569,000 after buying an additional 9,840 shares during the period. Dimensional Fund Advisors LP increased its holdings in CECO Environmental by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 903,291 shares of the company’s stock valued at $53,813,000 after buying an additional 7,751 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of CECO Environmental by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 729,700 shares of the company’s stock valued at $43,680,000 after acquiring an additional 8,734 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its stake 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 acquiring an additional 366,611 shares in the last quarter. Hedge funds and other institutional investors own 68.08% of the company’s stock.

CECO Environmental Stock Performance

Shares of CECO stock opened at $71.11 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of -103.06 and a beta of 1.51. CECO Environmental Corp. has a one year low of $42.82 and a one year high of $101.24. The company has a 50 day moving average price of $76.63 and a 200 day moving average price of $73.99.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings results 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 firm had revenue of $284.96 million during the quarter, compared to the consensus estimate of $282.21 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. The firm’s quarterly revenue was up 53.7% compared to the same quarter last year. Sell-side analysts anticipate that CECO Environmental Corp. will post 2.35 EPS for the current year.

Insider Buying and Selling at CECO Environmental

In related news, Director Jason Dezwirek sold 34,000 shares of CECO Environmental stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total value of $3,284,740.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Peter K. Johansson sold 30,000 shares of the stock in a transaction on 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 transaction, the chief financial officer owned 40,746 shares in the company, valued at $3,931,581.54. This trade represents a 42.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 18.40% of the company’s stock.

Wall Street Analysts Forecast Growth

CECO has been the subject of several research reports. 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 objective for the company. TD Cowen began coverage on CECO Environmental in a research report on Wednesday, August 5th. They issued a “buy” rating and a $85.00 price target for the company. Lake Street Capital boosted their price objective on shares of CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Zacks Research downgraded shares of CECO Environmental from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings upgraded 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average 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.