69,403 Shares in CECO Environmental Corp. $CECO Bought by Thames Capital Management LLC

Thames Capital Management LLC acquired a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 69,403 shares of the company’s stock, valued at approximately $3,553,000.

Several other hedge funds have also bought and sold shares of the business. Hood River Capital Management LLC raised its stake in CECO Environmental by 0.7% during the second quarter. Hood River Capital Management LLC now owns 1,941,741 shares of the company’s stock valued at $54,971,000 after buying an additional 14,073 shares during the last quarter. King Luther Capital Management Corp grew its holdings in shares of CECO Environmental by 4.6% in the second quarter. King Luther Capital Management Corp now owns 1,177,461 shares of the company’s stock worth $33,334,000 after acquiring an additional 51,357 shares during the period. William Blair Investment Management LLC lifted its holdings in CECO Environmental by 4.9% in the second quarter. William Blair Investment Management LLC now owns 945,897 shares of the company’s stock valued at $26,778,000 after acquiring an additional 44,310 shares during the period. Thrivent Financial for Lutherans boosted its position in CECO Environmental by 2.0% in the second quarter. Thrivent Financial for Lutherans now owns 757,433 shares of the company’s stock worth $21,443,000 after purchasing an additional 15,176 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of CECO Environmental by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 712,331 shares of the company’s stock worth $20,168,000 after purchasing an additional 18,501 shares during the period. Institutional investors own 68.08% of the company’s stock.

CECO Environmental Stock Up 0.7%

Shares of NASDAQ:CECO opened at $66.16 on Friday. The company has a 50-day moving average price of $56.96 and a 200 day moving average price of $48.83. The company has a current ratio of 1.33, a quick ratio of 1.13 and a debt-to-equity ratio of 0.70. CECO Environmental Corp. has a 12 month low of $17.57 and a 12 month high of $67.25. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 46.92 and a beta of 1.39.

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

Analysts Set New Price Targets

CECO has been the subject of a number of recent research reports. Northland Securities boosted their price objective on shares of CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, December 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, October 8th. Needham & Company LLC lifted their price target on shares of CECO Environmental from $57.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. Finally, Zacks Research raised CECO Environmental from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $63.50.

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.