CECO Environmental Corp. $CECO Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its position in CECO Environmental Corp. (NASDAQ:CECO) by 9.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,568 shares of the company’s stock after selling 2,426 shares during the quarter. Deutsche Bank AG owned 0.07% of CECO Environmental worth $537,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CECO. Expect Equity LLC acquired a new position in shares of CECO Environmental in the 4th quarter worth approximately $3,267,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of CECO Environmental in the 1st quarter worth approximately $1,695,000. Harbor Capital Advisors Inc. bought a new stake in shares of CECO Environmental in the 1st quarter worth approximately $1,519,000. Bank of America Corp DE lifted its holdings in shares of CECO Environmental by 118.8% in the 4th quarter. Bank of America Corp DE now owns 100,484 shares of the company’s stock worth $3,038,000 after purchasing an additional 54,551 shares during the last quarter. Finally, North Star Investment Management Corp. bought a new stake in shares of CECO Environmental in the 1st quarter worth approximately $1,003,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

Wall Street Analyst Weigh In

CECO has been the topic of several recent research reports. Lake Street Capital reissued a “buy” rating and issued a $56.00 price target on shares of CECO Environmental in a report on Wednesday, July 30th. HC Wainwright boosted their price target on CECO Environmental from $33.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Northland Securities set a $51.00 price target on CECO Environmental in a research report on Wednesday, July 30th. Citigroup reiterated an “outperform” rating on shares of CECO Environmental in a research report on Wednesday, July 30th. Finally, Needham & Company LLC boosted their price target on CECO Environmental from $44.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $50.80.

CECO Environmental Stock Up 1.2%

CECO opened at $48.09 on Wednesday. CECO Environmental Corp. has a one year low of $17.57 and a one year high of $48.59. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.34. The stock’s fifty day moving average is $36.78 and its 200-day moving average is $28.54. The company has a market capitalization of $1.70 billion, a PE ratio of 33.63, a P/E/G ratio of 2.77 and a beta of 1.39.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $185.39 million for the quarter, compared to the consensus estimate of $178.66 million. CECO Environmental had a return on equity of 10.00% and a net margin of 7.99%. CECO Environmental has set its FY 2025 guidance at EPS. On average, equities analysts predict that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Claudio A. Mannarino sold 20,000 shares of the business’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $41.51, for a total transaction of $830,200.00. Following the sale, the director directly owned 77,589 shares of the company’s stock, valued at $3,220,719.39. The trade was a 20.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jason Dezwirek sold 30,000 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $43.54, for a total value of $1,306,200.00. Following the sale, the director directly owned 200,000 shares in the company, valued at $8,708,000. This trade represents a 13.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 120,000 shares of company stock worth $5,128,900 over the last ninety days. 16.90% of the stock is owned by insiders.

CECO Environmental Company Profile

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.