American Century Companies Inc. Boosts Stock Holdings in CECO Environmental Corp. $CECO

American Century Companies Inc. grew its position in CECO Environmental Corp. (NASDAQ:CECO) by 16,844.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,257,796 shares of the company’s stock after purchasing an additional 1,250,373 shares during the period. American Century Companies Inc. owned about 3.53% of CECO Environmental worth $64,399,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CECO. Quantbot Technologies LP increased its stake in CECO Environmental by 314.5% in the 3rd quarter. Quantbot Technologies LP now owns 31,088 shares of the company’s stock valued at $1,592,000 after buying an additional 23,587 shares during the last quarter. TD Asset Management Inc purchased a new position in shares of CECO Environmental in the 3rd quarter worth approximately $621,000. Vanguard Group Inc. grew its holdings in shares of CECO Environmental by 1.0% in the third quarter. Vanguard Group Inc. now owns 1,770,756 shares of the company’s stock valued at $90,663,000 after acquiring an additional 16,708 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of CECO Environmental by 38.8% during the third quarter. JPMorgan Chase & Co. now owns 23,559 shares of the company’s stock valued at $1,206,000 after acquiring an additional 6,587 shares during the last quarter. Finally, Wedbush Securities Inc. bought a new stake in CECO Environmental during the third quarter worth $216,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $55.51 on Thursday. 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 Corp. has a fifty-two week low of $17.57 and a fifty-two week high of $81.72. The stock has a market cap of $1.98 billion, a PE ratio of 40.82 and a beta of 1.39. The stock has a fifty day moving average of $67.05 and a 200-day moving average of $56.78.

CECO Environmental (NASDAQ:CECO) last issued its 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). CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.The company had revenue of $214.69 million during the quarter, compared to the consensus estimate of $205.39 million. During the same quarter in the prior year, the business earned $0.27 EPS. The firm’s revenue for the quarter was up 35.4% compared to the same quarter last year. Equities research analysts anticipate that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CECO. Weiss Ratings reissued a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, January 21st. Lake Street Capital reiterated a “buy” rating and issued a $80.00 target price on shares of CECO Environmental in a research note on Wednesday, February 25th. Needham & Company LLC increased their target price on shares of CECO Environmental from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Northland Securities lifted their price target on shares of CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, December 24th. Finally, HC Wainwright upped their price objective on CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.20.

CECO Environmental Company 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.