Janus Henderson Group PLC Sells 14,218 Shares of CECO Environmental Corp. $CECO

Janus Henderson Group PLC cut its stake in CECO Environmental Corp. (NASDAQ:CECO) by 1.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 907,782 shares of the company’s stock after selling 14,218 shares during the quarter. Janus Henderson Group PLC’s holdings in CECO Environmental were worth $54,087,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of CECO Environmental by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock valued at $106,569,000 after purchasing an additional 9,840 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of CECO Environmental by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 903,291 shares of the company’s stock valued at $53,813,000 after purchasing an additional 7,751 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of CECO Environmental by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 729,700 shares of the company’s stock worth $43,680,000 after acquiring an additional 8,734 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in CECO Environmental by 104.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock worth $43,032,000 after purchasing an additional 366,611 shares during the period. Finally, William Blair Investment Management LLC increased its stake in CECO Environmental by 3.0% in the 4th quarter. William Blair Investment Management LLC now owns 706,273 shares of the company’s stock worth $42,270,000 after purchasing an additional 20,531 shares during the period. Hedge funds and other institutional investors own 68.08% of the company’s stock.

CECO Environmental Stock Performance

Shares of CECO opened at $65.89 on Friday. The business has a 50-day simple moving average of $84.12 and a two-hundred day simple moving average of $73.39. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 178.08 and a beta of 1.47. CECO Environmental Corp. has a 52 week low of $41.72 and a 52 week high of $101.24. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78.

Analysts Set New Price Targets

A number of brokerages have issued reports on CECO. JPMorgan Chase & Co. assumed coverage on shares of CECO Environmental in a report on Thursday, July 9th. They issued an “overweight” rating and a $130.00 price target on the stock. Needham & Company LLC increased their price objective on CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Craig Hallum reissued a “buy” rating and set a $103.00 price objective on shares of CECO Environmental in a research note on Tuesday, April 28th. Lake Street Capital boosted their target price on CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, Weiss Ratings downgraded shares of CECO Environmental from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $106.71.

Insider Activity at CECO Environmental

In related news, CFO Peter K. Johansson sold 30,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total value of $2,894,700.00. Following the completion of the transaction, the chief financial officer owned 40,746 shares of the company’s stock, valued at approximately $3,931,581.54. This represents a 42.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jason Dezwirek sold 34,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total value of $3,284,740.00. Following the completion of the transaction, the director directly owned 166,000 shares of the company’s stock, valued at approximately $16,037,260. This trade represents a 17.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 18.40% of the stock is owned by corporate insiders.

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.