American Century Companies Inc. Has $1.31 Million Stock Position in CECO Environmental Corp. $CECO

American Century Companies Inc. raised its stake in CECO Environmental Corp. (NASDAQ:CECO) by 8.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,272 shares of the company’s stock after acquiring an additional 4,552 shares during the quarter. American Century Companies Inc. owned about 0.16% of CECO Environmental worth $1,306,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CECO. Boston Partners bought a new position in shares of CECO Environmental during the first quarter worth approximately $539,000. Nuveen LLC acquired a new position in CECO Environmental in the 1st quarter valued at $1,818,000. King Luther Capital Management Corp grew its holdings in CECO Environmental by 8.9% in the 1st quarter. King Luther Capital Management Corp now owns 1,126,104 shares of the company’s stock valued at $25,675,000 after buying an additional 92,315 shares in the last quarter. Cynosure Group LLC increased its position in CECO Environmental by 40.0% during the 1st quarter. Cynosure Group LLC now owns 14,204 shares of the company’s stock worth $324,000 after buying an additional 4,055 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of CECO Environmental during the first quarter worth $217,000. Institutional investors own 68.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CECO shares. Needham & Company LLC upped their price target on shares of CECO Environmental from $44.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Northland Securities set a $51.00 price objective on shares of CECO Environmental in a report on Wednesday, July 30th. Citigroup restated an “outperform” rating on shares of CECO Environmental in a research report on Wednesday, July 30th. Lake Street Capital reaffirmed a “buy” rating and set a $56.00 target price on shares of CECO Environmental in a report on Wednesday, July 30th. Finally, HC Wainwright boosted their price target on CECO Environmental from $33.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $50.80.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Claudio A. Mannarino sold 20,000 shares of CECO Environmental stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $41.51, for a total value of $830,200.00. Following the transaction, the director owned 77,589 shares in the company, valued at $3,220,719.39. The trade was a 20.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jason Dezwirek sold 70,000 shares of the business’s stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $42.75, for a total value of $2,992,500.00. Following the transaction, the director directly owned 230,000 shares of the company’s stock, valued at approximately $9,832,500. The trade was a 23.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,000 shares of company stock worth $5,128,900. Corporate insiders own 16.90% of the company’s stock.

CECO Environmental Stock Performance

Shares of CECO Environmental stock opened at $45.52 on Wednesday. The company has a current ratio of 1.34, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.61 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 2.65 and a beta of 1.32. The company has a 50 day moving average of $38.48 and a 200-day moving average of $29.24. CECO Environmental Corp. has a 1-year low of $17.57 and a 1-year high of $48.58.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. CECO Environmental had a net margin of 7.99% and a return on equity of 10.00%. The business had revenue of $185.39 million during the quarter, compared to the consensus estimate of $178.66 million. CECO Environmental has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that CECO Environmental Corp. will post 0.67 earnings per share for the current fiscal year.

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.