William Blair Investment Management LLC Purchases Shares of 134,020 CECO Environmental Corp. $CECO

William Blair Investment Management LLC purchased a new stake in CECO Environmental Corp. (NASDAQ:CECO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 134,020 shares of the company’s stock, valued at approximately $12,161,000. William Blair Investment Management LLC owned 0.37% of CECO Environmental as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new stake in shares of CECO Environmental during the 2nd quarter worth $392,358,000. T. Rowe Price Investment Management Inc. raised its holdings in CECO Environmental by 104.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock worth $43,032,000 after acquiring an additional 366,611 shares during the period. Deutsche Bank AG acquired a new position in CECO Environmental during the 2nd quarter worth $30,475,000. Capital World Investors acquired a new position in CECO Environmental during the 4th quarter worth $19,936,000. Finally, Two Sigma Investments LP boosted its holdings in CECO Environmental by 3,620.8% during the third quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock valued at $15,498,000 after acquiring an additional 294,556 shares during the period. 68.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CECO has been the topic of several research reports. Craig Hallum restated a “buy” rating and set a $103.00 price target on shares of CECO Environmental in a research note on Tuesday, April 28th. Lake Street Capital raised their price objective on shares of CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price on shares of CECO Environmental in a research note on Tuesday, August 11th. JPMorgan Chase & Co. started coverage on shares of CECO Environmental in a research report on Thursday, July 9th. They issued an “overweight” rating and a $130.00 price target for the company. Finally, Northland Securities set a $125.00 price target on shares of CECO Environmental in a research note on Thursday, August 13th. Eight equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, CECO Environmental presently has an average rating of “Moderate Buy” and a consensus price target of $104.88.

Insider Activity at CECO Environmental

In related news, Director Richard F. Wallman acquired 20,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were purchased at an average price of $76.85 per share, with a total value of $1,537,000.00. Following the acquisition, the director directly owned 105,500 shares in the company, valued at $8,107,675. The trade was a 23.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Peter K. Johansson sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the sale, the chief financial officer directly owned 40,746 shares in the company, valued at $3,931,581.54. This trade represents a 42.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 18.40% of the company’s stock.

CECO Environmental Stock Down 2.0%

Shares of NASDAQ CECO opened at $71.52 on Friday. CECO Environmental Corp. has a 52-week low of $42.78 and a 52-week high of $101.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50. The business has a fifty day moving average of $80.72 and a two-hundred day moving average of $74.03. The stock has a market cap of $4.19 billion, a PE ratio of -103.65 and a beta of 1.51.

CECO Environmental (NASDAQ:CECO) last posted its earnings results on Monday, August 10th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.21. The business had revenue of $284.96 million for the quarter, compared to analyst estimates of $282.21 million. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The firm’s quarterly revenue was up 53.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. As a group, equities research analysts expect that CECO Environmental Corp. will post 2.35 earnings per share for the current fiscal year.

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.