CECO Environmental Corp. $CECO Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC lowered its holdings in CECO Environmental Corp. (NASDAQ:CECO) by 33.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 234,699 shares of the company’s stock after selling 117,392 shares during the period. Granahan Investment Management LLC’s holdings in CECO Environmental were worth $12,017,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in CECO Environmental by 15.6% during the 1st 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 acquiring an additional 790 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of CECO Environmental by 5.7% during the first 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 acquiring an additional 5,000 shares during the period. Jane Street Group LLC acquired a new stake in shares of CECO Environmental in the first quarter valued at $1,047,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of CECO Environmental in the second quarter valued at $306,000. 68.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on CECO shares. HC Wainwright boosted their target price on CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Northland Securities increased their price target on CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, December 24th. Weiss Ratings cut CECO Environmental from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, March 4th. Lake Street Capital reissued a “buy” rating and set a $80.00 price objective on shares of CECO Environmental in a research report on Wednesday, February 25th. Finally, Roth Mkm upped their target price on shares of CECO Environmental from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $78.20.

CECO Environmental Trading Up 0.4%

CECO opened at $54.50 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.34. CECO Environmental Corp. has a one year low of $17.57 and a one year high of $81.72. The company has a market cap of $1.94 billion, a P/E ratio of 40.07 and a beta of 1.39. The business’s 50-day simple moving average is $66.09 and its 200-day simple moving average is $57.20.

CECO Environmental (NASDAQ:CECO) last posted its earnings results on Tuesday, February 24th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.35). CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.The business had revenue of $214.69 million for the quarter, compared to analysts’ expectations of $205.39 million. During the same quarter in the previous year, the firm earned $0.27 EPS. CECO Environmental’s revenue for the quarter was up 35.4% compared to the same quarter last year. As a group, equities research analysts expect that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

CECO Environmental Company 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.