Lisanti Capital Growth LLC Acquires New Holdings in CECO Environmental Corp. $CECO

Lisanti Capital Growth LLC acquired a new stake in CECO Environmental Corp. (NASDAQ:CECO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 84,235 shares of the company’s stock, valued at approximately $5,041,000. Lisanti Capital Growth LLC owned about 0.24% of CECO Environmental as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Legato Capital Management LLC lifted its position in CECO Environmental by 77.9% in the 4th quarter. Legato Capital Management LLC now owns 81,123 shares of the company’s stock valued at $4,855,000 after purchasing an additional 35,529 shares during the last quarter. ProShare Advisors LLC lifted its position in CECO Environmental by 8.0% in the 4th quarter. ProShare Advisors LLC now owns 5,390 shares of the company’s stock valued at $323,000 after purchasing an additional 399 shares during the last quarter. HighTower Advisors LLC lifted its position in CECO Environmental by 132.1% in the 4th quarter. HighTower Advisors LLC now owns 20,577 shares of the company’s stock valued at $1,232,000 after purchasing an additional 11,713 shares during the last quarter. Abacus Wealth Partners LLC bought a new stake in CECO Environmental in the 4th quarter valued at about $213,000. Finally, Thrivent Financial for Lutherans lifted its position in CECO Environmental by 36.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 672,147 shares of the company’s stock valued at $40,229,000 after purchasing an additional 178,892 shares during the last quarter. 68.08% of the stock is currently owned by institutional investors.

CECO Environmental Stock Up 1.3%

CECO stock opened at $81.71 on Friday. CECO Environmental Corp. has a 52 week low of $25.96 and a 52 week high of $90.25. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 220.84 and a beta of 1.53. The firm’s 50-day moving average is $67.91 and its two-hundred day moving average is $63.57. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.24. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The company had revenue of $205.92 million for the quarter, compared to the consensus estimate of $198.88 million. During the same period in the previous year, the firm earned $0.10 EPS. CECO Environmental’s revenue was up 16.5% on a year-over-year basis. On average, analysts forecast that CECO Environmental Corp. will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CECO has been the topic of several recent research reports. Roth Mkm reiterated a “buy” rating and issued a $85.00 price objective 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. Craig Hallum restated a “buy” rating and set a $103.00 price target on shares of CECO Environmental in a research report on Tuesday, April 28th. Needham & Company LLC boosted their price target on shares of CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price 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.