CECO Environmental Corp. $CECO Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP lessened its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 2.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 259,680 shares of the company’s stock after selling 7,326 shares during the quarter. CECO Environmental accounts for 2.0% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 3rd biggest position. Advantage Alpha Capital Partners LP owned 0.74% of CECO Environmental worth $7,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of CECO. SageView Advisory Group LLC lifted its position in CECO Environmental by 1.6% during the 1st quarter. SageView Advisory Group LLC now owns 29,305 shares of the company’s stock worth $668,000 after acquiring an additional 465 shares in the last quarter. Redwood Investments LLC raised its stake in shares of CECO Environmental by 0.6% during the first quarter. Redwood Investments LLC now owns 87,993 shares of the company’s stock valued at $2,006,000 after purchasing an additional 490 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of CECO Environmental by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock worth $398,000 after purchasing an additional 790 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CECO Environmental by 7.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,652 shares of the company’s stock valued at $266,000 after purchasing an additional 794 shares during the period. Finally, Rhumbline Advisers grew its holdings in CECO Environmental by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock valued at $1,221,000 after purchasing an additional 991 shares in the last quarter. Institutional investors and hedge funds own 68.08% of the company’s stock.

Insiders Place Their Bets

In other CECO Environmental news, CEO Todd R. Gleason sold 101,899 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $49.32, for a total value of $5,025,658.68. Following the sale, the chief executive officer owned 410,835 shares in the company, valued at approximately $20,262,382.20. This trade represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard F. Wallman bought 3,000 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was acquired at an average price of $46.93 per share, for a total transaction of $140,790.00. Following the completion of the transaction, the director owned 80,500 shares in the company, valued at $3,777,865. This trade represents a 3.87% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have sold 300,000 shares of company stock valued at $15,104,854. 16.90% of the stock is owned by company insiders.

CECO Environmental Price Performance

Shares of CECO opened at $51.92 on Friday. CECO Environmental Corp. has a 52 week low of $17.57 and a 52 week high of $56.19. The company has a current ratio of 1.33, a quick ratio of 1.13 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 36.82, a PEG ratio of 3.25 and a beta of 1.27. The stock has a 50 day moving average of $50.77 and a 200-day moving average of $41.12.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $197.60 million for the quarter, compared to analyst estimates of $190.36 million. CECO Environmental had a net margin of 7.22% and a return on equity of 10.84%. CECO Environmental’s quarterly revenue was up 45.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 earnings per share. CECO Environmental has set its FY 2026 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts forecast that CECO Environmental Corp. will post 0.67 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Needham & Company LLC upped their price objective on shares of CECO Environmental from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Zacks Research upgraded CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Northland Securities set a $60.00 price objective on CECO Environmental in a research note on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CECO Environmental in a research report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $53.60.

About CECO Environmental

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.