Amundi Sells 2,733 Shares of CECO Environmental Corp. $CECO

Amundi cut its holdings in CECO Environmental Corp. (NASDAQ:CECO) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 181,873 shares of the company’s stock after selling 2,733 shares during the period. Amundi owned about 0.52% of CECO Environmental worth $4,147,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CECO. Wellington Management Group LLP increased its holdings in shares of CECO Environmental by 74.6% in the 1st quarter. Wellington Management Group LLP now owns 541,980 shares of the company’s stock worth $12,357,000 after buying an additional 231,613 shares during the last quarter. King Luther Capital Management Corp boosted its stake in shares of CECO Environmental by 8.9% during the 1st quarter. King Luther Capital Management Corp now owns 1,126,104 shares of the company’s stock worth $25,675,000 after purchasing an additional 92,315 shares during the period. Nuveen LLC purchased a new position in shares of CECO Environmental during the 1st quarter worth about $1,818,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of CECO Environmental during the 1st quarter worth about $1,695,000. Finally, Advantage Alpha Capital Partners LP boosted its stake in shares of CECO Environmental by 35.6% during the 1st quarter. Advantage Alpha Capital Partners LP now owns 267,006 shares of the company’s stock worth $6,088,000 after purchasing an additional 70,102 shares during the period. 68.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

CECO Environmental Trading Up 4.1%

NASDAQ CECO opened at $47.15 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.34 and a debt-to-equity ratio of 0.78. The firm has a market cap of $1.67 billion, a PE ratio of 32.97, a price-to-earnings-growth ratio of 2.64 and a beta of 1.32. The company has a 50 day moving average price of $40.58 and a 200 day moving average price of $30.14. CECO Environmental Corp. has a 52 week low of $17.57 and a 52 week high of $50.00.

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

Insider Buying and Selling at CECO Environmental

In related news, Director Claudio A. Mannarino sold 20,000 shares of the firm’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $41.51, for a total transaction of $830,200.00. Following the completion of the transaction, the director owned 77,589 shares of the company’s stock, valued at $3,220,719.39. This trade represents a 20.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jason Dezwirek sold 70,000 shares of the firm’s stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $42.75, for a total transaction 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. This trade represents a 23.33% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 7,500 shares of company stock worth $339,915 and have sold 120,000 shares worth $5,128,900. 18.40% of the stock is currently owned by company 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.