Martin & Co. Inc. TN Buys New Stake in CECO Environmental Corp. $CECO

Martin & Co. Inc. TN bought a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 111,401 shares of the company’s stock, valued at approximately $10,109,000. CECO Environmental comprises about 1.6% of Martin & Co. Inc. TN’s holdings, making the stock its 10th biggest position. Martin & Co. Inc. TN owned about 0.31% of CECO Environmental at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CECO. BlackRock Inc. acquired a new position in shares of CECO Environmental in the second quarter worth $392,358,000. Vanguard Group Inc. boosted its stake in shares of CECO Environmental by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock valued at $106,569,000 after acquiring an additional 9,840 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of CECO Environmental by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 903,291 shares of the company’s stock valued at $53,813,000 after acquiring an additional 7,751 shares during the last quarter. Geode Capital Management LLC increased its position in CECO Environmental by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 729,700 shares of the company’s stock worth $43,680,000 after purchasing an additional 8,734 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its position in CECO Environmental by 104.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock worth $43,032,000 after purchasing an additional 366,611 shares in the last quarter. Hedge funds and other institutional investors own 68.08% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CECO. Lake Street Capital boosted 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. Needham & Company LLC reiterated a “buy” rating and set a $110.00 price target on shares of CECO Environmental in a report on Tuesday, August 11th. Roth Capital reissued a “buy” rating and issued a $85.00 price objective on shares of CECO Environmental in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 12th. Finally, TD Cowen started coverage on shares of CECO Environmental in a research note on Wednesday, August 5th. They set a “buy” rating and a $85.00 price objective on the stock. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, CECO Environmental currently has a consensus rating of “Moderate Buy” and an average price target of $104.88.

Insider Activity at CECO Environmental

In other news, CFO Peter K. Johansson sold 30,000 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total value of $2,894,700.00. Following the completion of the sale, the chief financial officer owned 40,746 shares of the company’s stock, valued at $3,931,581.54. This represents a 42.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jason Dezwirek sold 34,000 shares of the stock in a transaction 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 completion of the sale, the director owned 166,000 shares of the company’s stock, valued at approximately $16,037,260. This represents a 17.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 18.40% of the stock is owned by insiders.

CECO Environmental Stock Down 2.0%

Shares of NASDAQ:CECO opened at $71.52 on Friday. The stock’s 50-day moving average price is $80.72 and its two-hundred day moving average price is $74.03. The company has a current ratio of 1.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34. CECO Environmental Corp. has a 12-month low of $42.78 and a 12-month high of $101.24. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of -103.65 and a beta of 1.51.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.21. The company had revenue of $284.96 million during the quarter, compared to the consensus estimate of $282.21 million. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The company’s quarterly revenue was up 53.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.26 EPS. On average, research analysts forecast that CECO Environmental Corp. will post 2.35 EPS for the current 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.