Round Rock Advisors LLC Buys Shares of 10,950 CECO Environmental Corp. $CECO

Round Rock Advisors LLC bought a new stake in CECO Environmental Corp. (NASDAQ:CECO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,950 shares of the company’s stock, valued at approximately $608,000.

Several other institutional investors and hedge funds have also made changes to their positions in CECO. Royal Bank of Canada raised its position 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 acquiring an additional 1,982 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 buying an additional 790 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in 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 valued at $2,124,000 after buying an additional 5,000 shares in the last quarter. Jane Street Group LLC bought a new position in CECO Environmental during the first quarter valued at about $1,047,000. Finally, Rhumbline Advisers boosted its position in shares of CECO Environmental by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock valued at $1,221,000 after purchasing an additional 991 shares during the period. 68.08% of the stock is owned by institutional investors and hedge funds.

CECO Environmental Price Performance

Shares of CECO stock opened at $65.07 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.34 and a quick ratio of 1.16. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 47.85 and a beta of 1.41. The stock’s fifty day simple moving average is $63.26 and its 200 day simple moving average is $59.53. CECO Environmental Corp. has a one year low of $17.57 and a one year high of $81.72.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Tuesday, February 24th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.35). The business had revenue of $214.69 million for the quarter, compared to the consensus estimate of $205.39 million. CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.CECO Environmental’s revenue for the quarter was up 35.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 EPS. On average, analysts expect that CECO Environmental Corp. will post 1.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CECO shares. 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. Needham & Company LLC reiterated a “buy” rating and issued a $80.00 price target on shares of CECO Environmental in a research report on Thursday, March 26th. HC Wainwright increased their price objective on CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Weiss Ratings downgraded CECO Environmental from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, March 4th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $80.00 price target on shares of CECO Environmental in a research note on Wednesday, February 25th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.20.

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.