81,441 Shares in CECO Environmental Corp. $CECO Acquired by De Lisle Partners LLP

De Lisle Partners LLP acquired a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) in the second quarter, Holdings Channel reports. The fund acquired 81,441 shares of the company’s stock, valued at approximately $7,389,000.

A number of other institutional investors have also recently added to or reduced their stakes in CECO. William Blair Investment Management LLC bought a new stake in CECO Environmental in the second quarter valued at $12,161,000. EP Wealth Advisors LLC acquired a new position in shares of CECO Environmental during the second quarter valued at $386,000. Bard Associates Inc. bought a new position in shares of CECO Environmental during the second quarter worth about $578,000. Allworth Financial LP bought a new position in shares of CECO Environmental during the second quarter worth about $29,000. Finally, Vise Technologies Inc. acquired a new stake in shares of CECO Environmental in the 2nd quarter worth about $255,000. 68.08% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Jason Dezwirek sold 34,000 shares of CECO Environmental stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total value of $3,284,740.00. Following the transaction, the director directly owned 166,000 shares of the company’s stock, valued at $16,037,260. This trade represents a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard F. Wallman purchased 20,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were purchased at an average price of $76.85 per share, for a total transaction of $1,537,000.00. Following the acquisition, the director directly owned 105,500 shares of the company’s stock, valued at $8,107,675. This trade represents a 23.39% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 18.40% of the company’s stock.

CECO Environmental Stock Performance

CECO opened at $71.52 on Friday. 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 firm has a market cap of $4.19 billion, a PE ratio of -103.65 and a beta of 1.51. The business has a fifty day simple moving average of $80.72 and a 200-day simple moving average of $74.03. CECO Environmental Corp. has a fifty-two week low of $42.78 and a fifty-two week high of $101.24.

CECO Environmental (NASDAQ:CECO) last announced its 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 company had revenue of $284.96 million for the quarter, compared to analyst estimates of $282.21 million. During the same period in the previous year, the firm earned $0.26 earnings per share. CECO Environmental’s revenue for the quarter was up 53.7% compared to the same quarter last year. As a group, equities analysts predict that CECO Environmental Corp. will post 2.35 EPS for the current fiscal year.

Analysts Set New Price Targets

CECO has been the topic of several recent research reports. Craig Hallum reiterated a “buy” rating and issued a $103.00 price objective on shares of CECO Environmental in a research report on Tuesday, April 28th. JPMorgan Chase & Co. assumed coverage on shares of CECO Environmental in a research report on Thursday, July 9th. They issued an “overweight” rating and a $130.00 target price for the company. Zacks Research lowered shares of CECO Environmental from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Roth Capital reaffirmed a “buy” rating and set a $85.00 price target on shares of CECO Environmental in a report on Wednesday, April 29th. Finally, Lake Street Capital raised their target price on shares of CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, CECO Environmental presently has an average rating of “Moderate Buy” and a consensus target price of $104.88.

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.