Kestra Private Wealth Services LLC Purchases Shares of 9,330 CECO Environmental Corp. $CECO

Kestra Private Wealth Services LLC purchased a new position in shares of CECO Environmental Corp. (NASDAQ:CECO) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 9,330 shares of the company’s stock, valued at approximately $556,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of CECO Environmental by 15.6% in the first quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock valued at $335,000 after buying an additional 1,982 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 worth $398,000 after buying an additional 790 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 worth $2,124,000 after acquiring an additional 5,000 shares in the last quarter. Jane Street Group LLC bought a new stake in CECO Environmental during the first quarter worth $1,047,000. Finally, Rhumbline Advisers lifted its stake in CECO Environmental by 2.4% in the second quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock valued at $1,221,000 after acquiring an additional 991 shares during the last quarter. Institutional investors own 68.08% of the company’s stock.

Insider Transactions at CECO Environmental

In related news, Director Richard F. Wallman bought 20,000 shares of CECO Environmental stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average price of $76.85 per share, with a total value of $1,537,000.00. Following the acquisition, the director owned 105,500 shares of the company’s stock, valued at approximately $8,107,675. This represents a 23.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jason Dezwirek sold 34,000 shares of CECO Environmental stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the sale, the director directly owned 166,000 shares of the company’s stock, valued at $16,037,260. The trade was a 17.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 18.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on CECO shares. Needham & Company LLC lifted their price objective on shares of CECO Environmental from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Craig Hallum reaffirmed a “buy” rating and issued a $103.00 target price on shares of CECO Environmental in a report on Tuesday, April 28th. Roth Mkm reiterated a “buy” rating and issued a $85.00 target price on shares of CECO Environmental in a research note on Wednesday, April 29th. Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings cut CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $102.83.

CECO Environmental Stock Performance

Shares of CECO Environmental stock opened at $82.15 on Friday. The business has a fifty day simple moving average of $84.58 and a two-hundred day simple moving average of $71.04. CECO Environmental Corp. has a 1 year low of $28.68 and a 1 year high of $101.24. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 222.03 and a beta of 1.47. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.12 by $0.24. The firm had revenue of $205.92 million for 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 company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share. Research analysts forecast that CECO Environmental Corp. will post 1.96 EPS for the current year.

CECO Environmental 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.