Kornitzer Capital Management Inc. KS Invests $716,000 in CECO Environmental Corp. $CECO

Kornitzer Capital Management Inc. KS purchased a new position in shares of CECO Environmental Corp. (NASDAQ:CECO) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,015 shares of the company’s stock, valued at approximately $716,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Divisadero Street Capital Management LP acquired a new position in CECO Environmental in the 3rd quarter valued at $7,680,000. Peregrine Asset Advisers Inc. lifted its stake in shares of CECO Environmental by 142.1% in the 4th quarter. Peregrine Asset Advisers Inc. now owns 113,870 shares of the company’s stock worth $6,815,000 after acquiring an additional 66,843 shares during the period. Boothbay Fund Management LLC lifted its stake in shares of CECO Environmental by 83.4% in the 3rd quarter. Boothbay Fund Management LLC now owns 56,403 shares of the company’s stock worth $2,888,000 after acquiring an additional 25,657 shares during the period. Navellier & Associates Inc. boosted its holdings in shares of CECO Environmental by 48.5% in the fourth quarter. Navellier & Associates Inc. now owns 42,455 shares of the company’s stock valued at $2,541,000 after acquiring an additional 13,860 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of CECO Environmental by 638.3% in the fourth quarter. SG Americas Securities LLC now owns 80,736 shares of the company’s stock valued at $4,832,000 after acquiring an additional 69,800 shares in the last quarter. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

CECO Environmental Stock Performance

Shares of CECO stock opened at $83.63 on Monday. The stock has a fifty day moving average price of $85.90 and a 200 day moving average price of $71.89. The stock has a market cap of $3.00 billion, a PE ratio of 226.03 and a beta of 1.47. CECO Environmental Corp. has a 1 year low of $29.84 and a 1 year high of $101.24. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33.

CECO Environmental (NASDAQ:CECO) last posted its earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The company had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. CECO Environmental’s revenue was up 16.5% compared to the same quarter last year. Sell-side analysts forecast that CECO Environmental Corp. will post 1.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CECO shares. Lake Street Capital increased their price target on shares of CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Zacks Research upgraded CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Roth Capital reissued a “buy” rating and set a $85.00 target price on shares of CECO Environmental in a research note on Wednesday, April 29th. Weiss Ratings cut CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Finally, Northland Securities set a $118.00 price target on CECO Environmental in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, CECO Environmental presently has an average rating of “Buy” and an average price target of $106.71.

Insider Activity at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman purchased 20,000 shares of CECO Environmental stock in a transaction on Monday, June 1st. The shares were bought at an average price of $76.85 per share, with a total value of $1,537,000.00. Following the completion of the acquisition, the director directly owned 105,500 shares of the company’s stock, valued at approximately $8,107,675. This trade represents a 23.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Peter K. Johansson sold 30,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 40,746 shares in the company, valued at $3,931,581.54. This represents a 42.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 16.90% of the stock is owned by corporate insiders.

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.