Boothbay Fund Management LLC Purchases 25,657 Shares of CECO Environmental Corp. $CECO

Boothbay Fund Management LLC grew its position in CECO Environmental Corp. (NASDAQ:CECO) by 83.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,403 shares of the company’s stock after acquiring an additional 25,657 shares during the quarter. Boothbay Fund Management LLC owned 0.16% of CECO Environmental worth $2,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Emerald Mutual Fund Advisers Trust bought a new stake in shares of CECO Environmental in the 3rd quarter worth about $3,678,000. Peregrine Asset Advisers Inc. bought a new position in shares of CECO Environmental in the 3rd quarter valued at about $2,408,000. Arete Wealth Advisors LLC bought a new position in shares of CECO Environmental in the 3rd quarter valued at about $1,042,000. Osterweis Capital Management Inc. purchased a new position in CECO Environmental in the second quarter worth about $7,175,000. Finally, Marex Group plc purchased a new position in CECO Environmental in the second quarter worth about $707,000. 68.08% of the stock is owned by hedge funds and other institutional investors.

CECO Environmental Stock Performance

CECO stock opened at $57.06 on Tuesday. CECO Environmental Corp. has a 1-year low of $17.57 and a 1-year high of $81.72. The business has a 50-day moving average price of $65.98 and a 200 day moving average price of $57.27. The company has a market capitalization of $2.04 billion, a P/E ratio of 41.96 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.34 and a quick ratio of 1.16.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CECO. Needham & Company LLC upped their price objective on CECO Environmental from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Weiss Ratings cut CECO Environmental from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, March 4th. Northland Securities boosted their target price on CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, December 24th. Lake Street Capital restated a “buy” rating and set a $80.00 price target on shares of CECO Environmental in a report on Wednesday, February 25th. Finally, HC Wainwright raised their price target on CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $78.20.

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.