Bailard Inc. Sells 30,319 Shares of CECO Environmental Corp. $CECO

Bailard Inc. cut its position in CECO Environmental Corp. (NASDAQ:CECO) by 52.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 27,022 shares of the company’s stock after selling 30,319 shares during the period. Bailard Inc.’s holdings in CECO Environmental were worth $1,617,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CECO. Caitong International Asset Management Co. Ltd bought a new stake in shares of CECO Environmental in the third quarter valued at $25,000. Aventura Private Wealth LLC bought a new stake in shares of CECO Environmental in the fourth quarter valued at $30,000. Advisory Services Network LLC bought a new stake in shares of CECO Environmental in the third quarter valued at $31,000. Global Retirement Partners LLC bought a new stake in shares of CECO Environmental in the third quarter valued at $50,000. Finally, First Horizon Corp bought a new stake in shares of CECO Environmental in the third quarter valued at $64,000. 68.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CECO has been the topic of several research reports. Craig Hallum restated a “buy” rating and issued a $103.00 target price on shares of CECO Environmental in a research note on Tuesday, April 28th. Zacks Research upgraded CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Weiss Ratings lowered CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Lake Street Capital reiterated a “buy” rating and set a $80.00 price objective on shares of CECO Environmental in a research note on Wednesday, February 25th. Finally, HC Wainwright boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $86.83.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $83.14 on Thursday. The firm has a market capitalization of $2.98 billion, a P/E ratio of 224.70 and a beta of 1.53. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. The stock’s 50-day simple moving average is $64.09 and its two-hundred day simple moving average is $62.12. CECO Environmental Corp. has a twelve month low of $25.58 and a twelve month high of $90.25.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. The business had revenue of $205.92 million for the quarter, compared to the consensus estimate of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. CECO Environmental’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. As a group, equities analysts anticipate that CECO Environmental Corp. will post 1.77 EPS for the current fiscal year.

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.