Great Lakes Advisors LLC Makes New $7.57 Million Investment in CECO Environmental Corp. $CECO

Great Lakes Advisors LLC purchased a new position in shares of CECO Environmental Corp. (NASDAQ:CECO) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 83,420 shares of the company’s stock, valued at approximately $7,570,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of CECO Environmental by 15.6% in the first quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock valued at $335,000 after purchasing an additional 1,982 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in CECO Environmental by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock worth $398,000 after buying an additional 790 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in CECO Environmental by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 93,137 shares of the company’s stock worth $2,124,000 after buying an additional 5,000 shares during the period. Jane Street Group LLC acquired a new stake in CECO Environmental during the 1st quarter worth approximately $1,047,000. Finally, Rhumbline Advisers boosted its position in CECO Environmental by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock valued at $1,221,000 after buying an additional 991 shares during the period. Hedge funds and other institutional investors own 68.08% of the company’s stock.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $75.22 on Thursday. The firm has a market capitalization of $2.70 billion, a P/E ratio of -109.01 and a beta of 1.51. CECO Environmental Corp. has a one year low of $42.78 and a one year high of $101.24. The company’s fifty day moving average is $81.70 and its two-hundred day moving average is $74.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.21. The firm had revenue of $284.96 million during the quarter, compared to analysts’ expectations of $282.21 million. CECO Environmental had a positive return on equity of 7.36% and a negative net margin of 3.39%.CECO Environmental’s revenue was up 53.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. Analysts forecast that CECO Environmental Corp. will post 2.35 EPS for the current fiscal year.

Insider Activity

In other CECO Environmental news, Director Richard F. Wallman acquired 20,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was acquired at an average cost of $76.85 per share, with a total value of $1,537,000.00. Following the purchase, the director directly owned 105,500 shares in the company, valued at approximately $8,107,675. This trade represents a 23.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CFO Peter K. Johansson sold 30,000 shares of CECO Environmental stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total value of $2,894,700.00. Following the transaction, the chief financial officer owned 40,746 shares of the company’s stock, valued at $3,931,581.54. This represents a 42.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 18.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Craig Hallum restated a “buy” rating and issued a $103.00 price target on shares of CECO Environmental in a research note on Tuesday, April 28th. Northland Securities set a $125.00 price objective on shares of CECO Environmental in a research report on Thursday, August 13th. JPMorgan Chase & Co. assumed coverage on CECO Environmental in a report on Thursday, July 9th. They issued an “overweight” rating and a $130.00 price target for the company. Lake Street Capital raised their price objective on CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, Roth Capital restated a “buy” rating and set a $85.00 target price on shares of CECO Environmental in a research report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.88.

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.