Thrivent Financial for Lutherans Acquires 178,892 Shares of CECO Environmental Corp. $CECO

Thrivent Financial for Lutherans increased its holdings in shares of CECO Environmental Corp. (NASDAQ:CECO) by 36.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 672,147 shares of the company’s stock after acquiring an additional 178,892 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.89% of CECO Environmental worth $40,229,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of CECO Environmental during the 3rd quarter worth $25,000. Aventura Private Wealth LLC bought a new position in CECO Environmental during the fourth quarter valued at about $30,000. Advisory Services Network LLC bought a new position in CECO Environmental during the third quarter valued at about $31,000. First Horizon Corp bought a new position in CECO Environmental during the third quarter valued at about $64,000. Finally, AlphaQuest LLC bought a new position in CECO Environmental during the third quarter valued at about $80,000. 68.08% of the stock is currently owned by institutional investors.

CECO Environmental Stock Down 6.1%

Shares of NASDAQ CECO opened at $80.84 on Friday. CECO Environmental Corp. has a one year low of $25.92 and a one year high of $90.25. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18. The business’s fifty day moving average price is $65.24 and its 200-day moving average price is $62.49. The stock has a market capitalization of $2.90 billion, a PE ratio of 218.49 and a beta of 1.53.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The firm had revenue of $205.92 million for the quarter, compared to analysts’ expectations of $198.88 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, equities research analysts anticipate that CECO Environmental Corp. will post 1.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CECO shares. Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Roth Mkm restated a “buy” rating and set a $85.00 price target on shares of CECO Environmental in a research report on Wednesday, April 29th. Lake Street Capital restated a “buy” rating and set a $80.00 price target on shares of CECO Environmental in a research report on Wednesday, February 25th. Weiss Ratings lowered shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Finally, HC Wainwright increased their price target on shares of CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, CECO Environmental presently has a consensus rating of “Buy” and an average price target of $86.83.

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.