Bessemer Group Inc. Boosts Stake in CECO Environmental Corp. $CECO

Bessemer Group Inc. grew its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 108,147.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 216,494 shares of the company’s stock after acquiring an additional 216,294 shares during the quarter. Bessemer Group Inc. owned about 0.60% of CECO Environmental worth $12,898,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its stake in shares of CECO Environmental by 104.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock valued at $43,032,000 after purchasing an additional 366,611 shares in the last quarter. Capital World Investors acquired a new stake in CECO Environmental during the 4th quarter worth approximately $19,936,000. Two Sigma Investments LP increased its position in CECO Environmental by 3,620.8% during the 3rd quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock worth $15,498,000 after purchasing an additional 294,556 shares in the last quarter. IES Holdings Inc. purchased a new position in CECO Environmental in the fourth quarter valued at approximately $16,963,000. Finally, Franklin Resources Inc. raised its holdings in CECO Environmental by 818.9% in the fourth quarter. Franklin Resources Inc. now owns 253,491 shares of the company’s stock valued at $15,171,000 after buying an additional 225,906 shares during the period. 68.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CECO shares. Craig Hallum reaffirmed a “buy” rating and set a $103.00 price target on shares of CECO Environmental in a research report on Tuesday, April 28th. Needham & Company LLC increased their price objective on shares of CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Roth Capital reissued a “buy” rating and issued a $85.00 target price on shares of CECO Environmental in a research note on Wednesday, April 29th. Lake Street Capital lifted their target price on shares of CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. initiated coverage on shares of CECO Environmental in a research report on Thursday, July 9th. They set an “overweight” rating and a $130.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $106.71.

CECO Environmental Stock Performance

Shares of NASDAQ:CECO opened at $79.93 on Monday. The company has a market cap of $2.87 billion, a P/E ratio of 216.03 and a beta of 1.47. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33. CECO Environmental Corp. has a one year low of $31.00 and a one year high of $101.24. The business’s 50-day simple moving average is $85.78 and its 200 day simple moving average is $72.58.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The firm had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. During the same period in the previous year, the company posted $0.10 EPS. CECO Environmental’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, sell-side analysts forecast that CECO Environmental Corp. will post 1.97 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Peter K. Johansson sold 30,000 shares of CECO Environmental stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total value of $2,894,700.00. Following the completion of the sale, the chief financial officer owned 40,746 shares in the company, valued at approximately $3,931,581.54. The trade was a 42.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard F. Wallman purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the completion of the acquisition, the director directly owned 105,500 shares of the company’s stock, valued at $8,107,675. This represents a 23.39% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 18.40% of the company’s stock.

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.