Susquehanna Fundamental Investments LLC Purchases Shares of 26,759 CECO Environmental Corp. $CECO

Susquehanna Fundamental Investments LLC acquired a new position in CECO Environmental Corp. (NASDAQ:CECO) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 26,759 shares of the company’s stock, valued at approximately $2,428,000. Susquehanna Fundamental Investments LLC owned 0.07% of CECO Environmental at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CECO. BlackRock Inc. purchased a new stake in shares of CECO Environmental during the 2nd quarter worth about $392,358,000. Jupiter Topco LLC purchased a new position in CECO Environmental in the second quarter valued at approximately $86,194,000. Legal & General Group Plc purchased a new position in CECO Environmental in the second quarter valued at approximately $40,461,000. T. Rowe Price Investment Management Inc. lifted its position in CECO Environmental by 104.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock valued at $43,032,000 after buying an additional 366,611 shares in the last quarter. Finally, Deutsche Bank AG acquired a new position in CECO Environmental during the second quarter valued at approximately $30,475,000. 68.08% of the stock is owned by institutional investors and hedge funds.

CECO Environmental Stock Down 0.9%

Shares of NASDAQ:CECO opened at $70.55 on Wednesday. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of -102.25 and a beta of 1.51. The company has a 50 day moving average of $77.12 and a two-hundred day moving average of $74.02. CECO Environmental Corp. has a 52-week low of $42.82 and a 52-week high of $101.24. The company has a quick ratio of 1.18, a current ratio of 1.50 and a debt-to-equity ratio of 0.34.

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

Insiders Place Their Bets

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the company’s stock in a transaction dated 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 transaction, the director directly owned 166,000 shares of the company’s stock, valued at $16,037,260. This represents a 17.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Peter K. Johansson sold 30,000 shares of the firm’s stock in a transaction dated 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 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 disclosure for this sale is available in the SEC filing. Insiders own 16.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $110.00 price objective on shares of CECO Environmental in a research report on Tuesday, August 11th. Weiss Ratings upgraded shares of CECO Environmental from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 27th. Zacks Research cut shares of CECO Environmental from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Northland Securities set a $125.00 price target on CECO Environmental in a report on Thursday, August 13th. Finally, Lake Street Capital raised their price objective on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.