CECO Environmental Corp. $CECO is Martin & Co. Inc. TN’s 8th Largest Position

Martin & Co. Inc. TN reduced its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 16.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 239,035 shares of the company’s stock after selling 48,550 shares during the quarter. CECO Environmental comprises approximately 2.2% of Martin & Co. Inc. TN’s portfolio, making the stock its 8th largest holding. Martin & Co. Inc. TN’s holdings in CECO Environmental were worth $12,239,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in CECO Environmental in the 3rd quarter worth approximately $50,000. First Horizon Corp acquired a new position in shares of CECO Environmental in the third quarter worth $64,000. AlphaQuest LLC purchased a new stake in shares of CECO Environmental during the third quarter worth $80,000. State of Alaska Department of Revenue acquired a new stake in CECO Environmental during the third quarter valued at $94,000. Finally, Raymond James Financial Inc. purchased a new position in CECO Environmental in the second quarter valued at about $102,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CECO Environmental in a research note on Wednesday, January 21st. Needham & Company LLC increased their price objective on CECO Environmental from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Northland Securities raised 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. Finally, Zacks Research raised shares of 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 given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $64.75.

CECO Environmental Stock Down 0.3%

CECO opened at $78.93 on Wednesday. CECO Environmental Corp. has a twelve month low of $17.57 and a twelve month high of $79.96. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.13 and a current ratio of 1.33. The business has a 50 day moving average price of $65.66 and a 200 day moving average price of $55.21. The firm has a market cap of $2.81 billion, a P/E ratio of 55.98 and a beta of 1.38.

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.