Ellsworth Advisors LLC Invests $766,000 in CECO Environmental Corp. $CECO

Ellsworth Advisors LLC purchased a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,585 shares of the company’s stock, valued at approximately $766,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hood River Capital Management LLC grew its stake in shares of CECO Environmental by 0.7% in the 2nd quarter. Hood River Capital Management LLC now owns 1,941,741 shares of the company’s stock valued at $54,971,000 after buying an additional 14,073 shares during the period. King Luther Capital Management Corp grew its position in CECO Environmental by 4.6% in the second quarter. King Luther Capital Management Corp now owns 1,177,461 shares of the company’s stock worth $33,334,000 after acquiring an additional 51,357 shares during the period. William Blair Investment Management LLC increased its stake in CECO Environmental by 4.9% during the second quarter. William Blair Investment Management LLC now owns 945,897 shares of the company’s stock worth $26,778,000 after acquiring an additional 44,310 shares during the last quarter. Thrivent Financial for Lutherans raised its position in CECO Environmental by 2.0% in the second quarter. Thrivent Financial for Lutherans now owns 757,433 shares of the company’s stock valued at $21,443,000 after purchasing an additional 15,176 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of CECO Environmental by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 712,331 shares of the company’s stock valued at $20,168,000 after purchasing an additional 18,501 shares during the last quarter. 68.08% of the stock is currently owned by institutional investors and hedge funds.

CECO Environmental Trading Down 1.8%

NASDAQ CECO opened at $61.40 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.13 and a current ratio of 1.33. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 43.55 and a beta of 1.37. The firm has a 50 day simple moving average of $53.97 and a 200-day simple moving average of $45.64. CECO Environmental Corp. has a one year low of $17.57 and a one year high of $63.98.

CECO Environmental (NASDAQ:CECO) last released its earnings results on Tuesday, October 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The company 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%. The firm’s quarterly revenue was up 45.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 EPS. Equities research analysts anticipate that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CECO. Weiss Ratings reissued a “buy (b-)” rating on shares of CECO Environmental in a research report on Wednesday, October 8th. Needham & Company LLC lifted their price target on shares of CECO Environmental from $57.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Northland Securities upped their price objective on shares of CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Zacks Research raised shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.80.

CECO Environmental 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.