9,700 Shares in CECO Environmental Corp. $CECO Acquired by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc bought a new stake in CECO Environmental Corp. (NASDAQ:CECO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,700 shares of the company’s stock, valued at approximately $497,000.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in CECO Environmental by 224.7% in the second quarter. Farther Finance Advisors LLC now owns 1,445 shares of the company’s stock valued at $41,000 after buying an additional 1,000 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of CECO Environmental in the third quarter worth $50,000. First Horizon Corp acquired a new stake in shares of CECO Environmental during the third quarter worth $64,000. State of Alaska Department of Revenue purchased a new stake in shares of CECO Environmental during the third quarter valued at $94,000. Finally, Raymond James Financial Inc. acquired a new stake in CECO Environmental during the 2nd quarter worth about $102,000. 68.08% of the stock is owned by institutional investors and hedge funds.

CECO Environmental Trading Up 1.3%

Shares of CECO stock opened at $67.04 on Friday. CECO Environmental Corp. has a 1-year low of $17.57 and a 1-year high of $67.88. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 47.55 and a beta of 1.39. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.33 and a quick ratio of 1.13. The stock has a 50 day simple moving average of $57.23 and a 200-day simple moving average of $49.25.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $197.60 million during the quarter, compared to analyst estimates of $190.36 million. CECO Environmental had a net margin of 7.22% and a return on equity of 10.84%. The firm’s revenue was up 45.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS. On average, equities research analysts expect that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on CECO. Zacks Research raised CECO Environmental from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Needham & Company LLC lifted their price objective on shares of CECO Environmental from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, October 8th. Finally, Northland Securities raised their target price on shares of CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, December 24th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CECO Environmental has a consensus rating of “Moderate Buy” and a consensus price target of $64.75.

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.