CECO Environmental Corp. $CECO Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 34.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 493,255 shares of the company’s stock after selling 264,178 shares during the period. Thrivent Financial for Lutherans’ holdings in CECO Environmental were worth $25,254,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in CECO Environmental by 224.7% during the second quarter. Farther Finance Advisors LLC now owns 1,445 shares of the company’s stock worth $41,000 after purchasing an additional 1,000 shares during the period. Global Retirement Partners LLC acquired a new position in shares of CECO Environmental in the third quarter valued at approximately $50,000. First Horizon Corp acquired a new position in shares of CECO Environmental in the third quarter valued at approximately $64,000. AlphaQuest LLC acquired a new stake in CECO Environmental during the 3rd quarter worth approximately $80,000. Finally, State of Alaska Department of Revenue acquired a new stake in CECO Environmental during the 3rd quarter worth approximately $94,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CECO has been the topic of a number of recent research reports. Northland Securities upped their price objective on CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 24th. Needham & Company LLC upped their price target on CECO Environmental from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Zacks Research raised CECO Environmental from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CECO Environmental in a research report on Wednesday, January 21st. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.75.

CECO Environmental Price Performance

CECO stock opened at $68.12 on Tuesday. The business has a 50 day moving average price of $61.16 and a 200 day moving average price of $52.33. The company has a quick ratio of 1.13, a current ratio of 1.33 and a debt-to-equity ratio of 0.70. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 48.31 and a beta of 1.38. CECO Environmental Corp. has a fifty-two week low of $17.57 and a fifty-two week high of $71.69.

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.