SG Americas Securities LLC Invests $560,000 in CECO Environmental Corp. $CECO

SG Americas Securities LLC acquired a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,936 shares of the company’s stock, valued at approximately $560,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new stake in CECO Environmental during the third quarter worth about $50,000. Farther Finance Advisors LLC increased its position in shares of CECO Environmental by 224.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,445 shares of the company’s stock valued at $41,000 after purchasing an additional 1,000 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of CECO Environmental during the 2nd quarter valued at about $102,000. Rockwood Wealth Management LLC bought a new stake in CECO Environmental in the 3rd quarter worth approximately $215,000. Finally, Canada Pension Plan Investment Board boosted its stake in CECO Environmental by 6,200.0% in the second quarter. Canada Pension Plan Investment Board now owns 6,300 shares of the company’s stock worth $178,000 after buying an additional 6,200 shares in the last quarter. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CECO shares. Weiss Ratings restated a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday. Zacks Research raised shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Northland Securities raised their price objective on CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, December 24th. Finally, Needham & Company LLC lifted their price objective on CECO Environmental from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $64.75.

CECO Environmental Price Performance

Shares of CECO stock opened at $68.44 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. CECO Environmental Corp. has a fifty-two week low of $17.57 and a fifty-two week high of $68.78. The firm has a market cap of $2.44 billion, a P/E ratio of 48.54 and a beta of 1.39. The business’s 50 day moving average price is $58.79 and its 200-day moving average price is $50.42.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Tuesday, October 28th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $197.60 million during the quarter, compared to the consensus estimate of $190.36 million. CECO Environmental had a return on equity of 10.84% and a net margin of 7.22%.The firm’s revenue for the quarter was up 45.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, equities research analysts anticipate that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

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.