Principal Financial Group Inc. Purchases Shares of 19,720 CECO Environmental Corp. $CECO

Principal Financial Group Inc. bought a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,720 shares of the company’s stock, valued at approximately $1,010,000. Principal Financial Group Inc. owned approximately 0.06% of CECO Environmental at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hood River Capital Management LLC grew its position in shares of CECO Environmental by 0.7% during 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 acquiring an additional 14,073 shares during the period. King Luther Capital Management Corp raised its position in shares of CECO Environmental by 4.6% during the 2nd quarter. King Luther Capital Management Corp now owns 1,177,461 shares of the company’s stock worth $33,334,000 after purchasing an additional 51,357 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in CECO Environmental by 2.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 757,433 shares of the company’s stock worth $21,443,000 after buying an additional 15,176 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of CECO Environmental by 2.7% in the second quarter. Geode Capital Management LLC now owns 712,331 shares of the company’s stock worth $20,168,000 after acquiring an additional 18,501 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of CECO Environmental by 12.9% during the second quarter. Legal & General Group Plc now owns 652,258 shares of the company’s stock worth $18,472,000 after purchasing an additional 74,461 shares in the last quarter. Hedge funds and other institutional investors own 68.08% of the company’s stock.

CECO Environmental Price Performance

NASDAQ:CECO opened at $78.41 on Thursday. CECO Environmental Corp. has a 52 week low of $17.57 and a 52 week high of $81.72. The stock’s fifty day moving average is $66.07 and its two-hundred day moving average is $55.38. The company has a market capitalization of $2.79 billion, a P/E ratio of 55.61 and a beta of 1.38. The company has a quick ratio of 1.13, a current ratio of 1.33 and a debt-to-equity ratio of 0.70.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CECO. Needham & Company LLC raised their price target on shares of CECO Environmental from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Weiss Ratings restated a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, January 21st. Northland Securities increased their price target on CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, December 24th. Finally, Zacks Research upgraded CECO Environmental from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, CECO Environmental presently has a consensus rating of “Moderate Buy” and an average target price of $64.75.

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.