Van ECK Associates Corp Acquires New Shares in CECO Environmental Corp. $CECO

Van ECK Associates Corp acquired a new position in CECO Environmental Corp. (NASDAQ:CECO) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 35,298 shares of the company’s stock, valued at approximately $3,203,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CECO. Caitong International Asset Management Co. Ltd purchased a new position in CECO Environmental during the 3rd quarter valued at about $25,000. Morton Brown Family Wealth LLC purchased a new stake in shares of CECO Environmental in the 1st quarter worth approximately $29,000. Allworth Financial LP bought a new position in shares of CECO Environmental during the second quarter valued at approximately $29,000. Advisory Services Network LLC bought a new position in shares of CECO Environmental during the third quarter valued at approximately $31,000. Finally, GAMMA Investing LLC increased its holdings in CECO Environmental by 71.6% during the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock valued at $33,000 after buying an additional 154 shares during the period. 68.08% of the stock is currently owned by institutional investors.

CECO Environmental Price Performance

Shares of CECO opened at $74.35 on Friday. The company has a market cap of $4.35 billion, a price-to-earnings ratio of -107.75 and a beta of 1.51. CECO Environmental Corp. has a twelve month low of $42.82 and a twelve month high of $101.24. The company has a quick ratio of 1.18, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $76.21 and a two-hundred day moving average of $73.96.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.47 earnings per share (EPS) for the quarter, topping 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 business had revenue of $284.96 million for the quarter, compared to the consensus estimate of $282.21 million. During the same period in the prior year, the firm posted $0.26 earnings per share. The business’s quarterly revenue was up 53.7% on a year-over-year basis. As a group, analysts predict that CECO Environmental Corp. will post 2.43 earnings per share for the current fiscal year.

Insider Transactions at CECO Environmental

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the firm’s stock in a transaction dated 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 sale, the director owned 166,000 shares of the company’s stock, valued at approximately $16,037,260. This trade represents a 17.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter Johansson sold 30,000 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer owned 40,746 shares in the company, valued at approximately $3,931,581.54. This trade represents a 42.41% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 18.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CECO shares. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price objective on shares of CECO Environmental in a research note on Tuesday, August 11th. Lake Street Capital lifted their price target on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Zacks Research lowered CECO Environmental from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded CECO Environmental from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, August 27th. Finally, Northland Securities set a $125.00 price objective on CECO Environmental in a research report on Thursday, August 13th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CECO Environmental currently has a consensus rating of “Moderate Buy” and an average target price of $104.88.

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.