Royce & Associates LP Sells 180,453 Shares of CECO Environmental Corp. $CECO

Royce & Associates LP decreased its position in CECO Environmental Corp. (NASDAQ:CECO) by 17.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 825,160 shares of the company’s stock after selling 180,453 shares during the quarter. Royce & Associates LP’s holdings in CECO Environmental were worth $42,248,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CECO. Hood River Capital Management LLC grew its position in shares of CECO Environmental by 0.7% in the 2nd quarter. Hood River Capital Management LLC now owns 1,941,741 shares of the company’s stock worth $54,971,000 after buying an additional 14,073 shares during the period. Vanguard Group Inc. boosted its stake in CECO Environmental by 1.0% during the third quarter. Vanguard Group Inc. now owns 1,770,756 shares of the company’s stock worth $90,663,000 after acquiring an additional 16,708 shares in the last quarter. American Century Companies Inc. grew its holdings in CECO Environmental by 16,844.6% in the third quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock worth $64,399,000 after purchasing an additional 1,250,373 shares during the period. King Luther Capital Management Corp grew its holdings in CECO Environmental by 4.6% in the second quarter. King Luther Capital Management Corp now owns 1,177,461 shares of the company’s stock worth $33,334,000 after purchasing an additional 51,357 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of CECO Environmental by 2.0% during the second quarter. Thrivent Financial for Lutherans now owns 757,433 shares of the company’s stock valued at $21,443,000 after purchasing an additional 15,176 shares during the last quarter. Institutional investors own 68.08% of the company’s stock.

Key Headlines Impacting CECO Environmental

Here are the key news stories impacting CECO Environmental this week:

• Positive Sentiment: HC Wainwright raised FY2026 EPS and multiple quarterly estimates and reiterates a “Buy” rating with a $90 price target — this is constructive for expectations of higher future earnings and likely supported buying interest earlier. HC Wainwright Notes
• Positive Sentiment: Independent broker commentary from Needham and Roth MKM published bullish price-appreciation forecasts for CECO, which helped lift analyst-driven enthusiasm. Needham Forecast Roth MKM Forecast
• Positive Sentiment: An analyst upgrade generated heavy trading volume and short-term interest, indicating the market initially reacted positively to the revised forecasts. Volume After Upgrade
• Neutral Sentiment: Coverage pieces highlight CECO’s continued M&A strategy as a growth driver; M&A can boost long-term scale but also adds integration risk and near-term execution uncertainty. M&A Growth Note
• Neutral Sentiment: An investor alert and filing activity around Thermon Group (a separate company) has shown up in headlines; its direct impact on CECO depends on the specifics of any transaction linkage flagged in recent coverage. Thermon Investor Alert
• Negative Sentiment: CECO’s latest quarterly results (Feb. 24) showed an EPS miss — $0.08 vs. consensus ~$0.43 — despite a revenue beat; an earnings miss of that magnitude can trigger profit-taking and reset near-term expectations. Earnings Recap
• Negative Sentiment: A recent Seeking Alpha piece argues CECO’s momentum may be faltering in light of a “big Thermon deal,” which could be read by traders as a catalyst that reduces growth runway or creates near-term uncertainty — this likely pressured the stock. Thermon Deal Analysis

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Northland Securities upped their price target on CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of CECO Environmental in a research note on Wednesday, January 21st. Needham & Company LLC lifted their price target on CECO Environmental from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday. Roth Mkm upped their price target on shares of CECO Environmental from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Zacks Research upgraded shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.20.

CECO Environmental Trading Down 4.5%

CECO Environmental stock opened at $60.45 on Friday. CECO Environmental Corp. has a one year low of $17.57 and a one year high of $81.72. The business’s fifty day moving average is $67.37 and its 200 day moving average is $56.55. The stock has a market capitalization of $2.15 billion, a PE ratio of 44.45 and a beta of 1.38. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.34 and a quick ratio of 1.13.

CECO Environmental (NASDAQ:CECO) last issued its earnings results on Tuesday, February 24th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35). The business had revenue of $214.69 million during the quarter, compared to analysts’ expectations of $205.39 million. CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.CECO Environmental’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same period last year, the firm posted $0.27 EPS. On average, sell-side analysts predict that CECO Environmental Corp. will post 0.67 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.