CECO Environmental Corp. $CECO Shares Sold by Capital International Investors

Capital International Investors trimmed its position in CECO Environmental Corp. (NASDAQ:CECO) by 15.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,675,351 shares of the company’s stock after selling 295,983 shares during the period. Capital International Investors owned about 4.70% of CECO Environmental worth $85,778,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global Retirement Partners LLC purchased a new position in shares of CECO Environmental during the third quarter valued at approximately $50,000. First Horizon Corp acquired a new position in CECO Environmental in the 3rd quarter valued at $64,000. AlphaQuest LLC purchased a new position in shares of CECO Environmental during the 3rd quarter worth $80,000. State of Alaska Department of Revenue acquired a new stake in shares of CECO Environmental during the third quarter worth $94,000. Finally, Raymond James Financial Inc. acquired a new position in CECO Environmental in the second quarter valued at $102,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

CECO Environmental Stock Up 1.0%

Shares of NASDAQ:CECO opened at $54.89 on Thursday. The stock has a 50-day simple moving average of $66.30 and a 200-day simple moving average of $57.03. The stock has a market capitalization of $1.96 billion, a P/E ratio of 40.36 and a beta of 1.39. CECO Environmental Corp. has a 1 year low of $17.57 and a 1 year high of $81.72. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.34.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.35). The business had revenue of $214.69 million during the quarter, compared to analysts’ expectations of $205.39 million. CECO Environmental had a net margin of 6.46% and a return on equity of 10.60%. The company’s quarterly revenue was up 35.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 EPS. Equities analysts forecast that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the company. Roth Mkm lifted their price target on CECO Environmental from $58.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Lake Street Capital restated a “buy” rating and issued a $80.00 target price on shares of CECO Environmental in a report on Wednesday, February 25th. Weiss Ratings lowered shares of CECO Environmental from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, March 4th. HC Wainwright lifted their price target on shares of CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Finally, Needham & Company LLC upped their price objective on CECO Environmental from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, CECO Environmental presently has a consensus rating of “Moderate Buy” and an average price target of $78.20.

About CECO Environmental

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.