UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $7.65 Million Holdings in CECO Environmental Corp. $CECO

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of CECO Environmental Corp. (NASDAQ:CECO) by 39.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 84,269 shares of the company’s stock after purchasing an additional 23,959 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in CECO Environmental were worth $7,647,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CECO. GAMMA Investing LLC boosted its stake in CECO Environmental by 71.6% during the 2nd quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock valued at $33,000 after purchasing an additional 154 shares during the last quarter. Allworth Financial LP bought a new stake in CECO Environmental during the 2nd quarter worth approximately $29,000. ProShare Advisors LLC raised its stake in shares of CECO Environmental by 8.0% in the fourth quarter. ProShare Advisors LLC now owns 5,390 shares of the company’s stock worth $323,000 after purchasing an additional 399 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of CECO Environmental by 3.5% in the second quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock worth $348,000 after purchasing an additional 412 shares during the last quarter. Finally, Morton Brown Family Wealth LLC bought a new position in shares of CECO Environmental in the first quarter valued at approximately $29,000. Institutional investors own 68.08% of the company’s stock.

Insider Transactions at CECO Environmental

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of CECO Environmental stock in a transaction dated 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 sale, the director owned 166,000 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this link. Also, CFO Peter K. Johansson sold 30,000 shares of CECO Environmental stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the completion of the sale, the chief financial officer directly owned 40,746 shares in the company, valued at approximately $3,931,581.54. This represents a 42.41% decrease in their position. The disclosure for this sale is available in the SEC filing. 16.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CECO shares. TD Cowen started coverage on CECO Environmental in a report on Wednesday, August 5th. They set a “buy” rating and a $85.00 price target for the company. Lake Street Capital raised their price objective on 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 reaffirmed a “buy” rating and set a $110.00 price objective on shares of CECO Environmental in a report on Tuesday, August 11th. Weiss Ratings upgraded shares of CECO Environmental from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, August 27th. Finally, Zacks Research downgraded shares of CECO Environmental from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.88.

CECO Environmental Stock Performance

Shares of CECO Environmental stock opened at $74.10 on Tuesday. The business’s fifty day simple moving average is $75.54 and its 200 day simple moving average is $73.89. The company has a current ratio of 1.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34. CECO Environmental Corp. has a 12 month low of $42.82 and a 12 month high of $101.24. The firm has a market capitalization of $4.34 billion, a P/E ratio of -107.39 and a beta of 1.51.

CECO Environmental (NASDAQ:CECO) last announced 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 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 prior year, the company earned $0.26 EPS. The business’s revenue for the quarter was up 53.7% on a year-over-year basis. As a group, analysts anticipate that CECO Environmental Corp. will post 2.43 EPS for the current year.

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.