Peregrine Asset Advisers Inc. Sells 39,984 Shares of CECO Environmental Corp. $CECO

Peregrine Asset Advisers Inc. trimmed its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 35.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 73,886 shares of the company’s stock after selling 39,984 shares during the period. CECO Environmental comprises 1.2% of Peregrine Asset Advisers Inc.’s holdings, making the stock its 28th biggest position. Peregrine Asset Advisers Inc.’s holdings in CECO Environmental were worth $4,402,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Royal Bank of Canada boosted its holdings in shares of CECO Environmental by 15.6% during the 1st quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock valued at $335,000 after purchasing an additional 1,982 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of CECO Environmental by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock valued at $398,000 after purchasing an additional 790 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of CECO Environmental by 5.7% in 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 purchasing an additional 5,000 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of CECO Environmental in the first quarter worth about $1,047,000. Finally, Rhumbline Advisers lifted its position in shares of CECO Environmental by 2.4% in the second quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock worth $1,221,000 after buying an additional 991 shares in the last quarter. 68.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on CECO shares. Craig Hallum reissued a “buy” rating and set a $103.00 price target on shares of CECO Environmental in a research note on Tuesday, April 28th. Roth Mkm reaffirmed a “buy” rating and issued a $85.00 price objective on shares of CECO Environmental in a research note on Wednesday, April 29th. Needham & Company LLC upped their price objective on CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Northland Securities set a $118.00 target price on CECO Environmental in a research report on Friday, June 12th. Finally, Weiss Ratings lowered shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, CECO Environmental currently has a consensus rating of “Buy” and a consensus price target of $102.83.

Insider Buying and Selling at CECO Environmental

In other news, Director Jason Dezwirek sold 34,000 shares of CECO Environmental stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total value of $3,284,740.00. Following the completion of the transaction, the director owned 166,000 shares in the company, valued at approximately $16,037,260. The trade was a 17.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter K. Johansson sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total value of $2,894,700.00. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 18.40% of the company’s stock.

CECO Environmental Stock Down 4.0%

Shares of NASDAQ CECO opened at $82.15 on Friday. The firm’s 50-day moving average price is $84.22 and its 200-day moving average price is $70.96. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 222.03 and a beta of 1.47. CECO Environmental Corp. has a 12-month low of $28.68 and a 12-month high of $101.24.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. The firm had revenue of $205.92 million during the quarter, compared to the consensus estimate of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. On average, equities research analysts anticipate that CECO Environmental Corp. will post 1.96 EPS for the current fiscal 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.