Royce & Associates LP Sells 180,453 Shares of CECO Environmental Corp. $CECO

Royce & Associates LP lowered its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 17.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 825,160 shares of the company’s stock after selling 180,453 shares during the period. Royce & Associates LP owned about 2.32% of CECO Environmental worth $42,248,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Hood River Capital Management LLC lifted its position in CECO Environmental by 0.7% in the 2nd quarter. Hood River Capital Management LLC now owns 1,941,741 shares of the company’s stock worth $54,971,000 after buying an additional 14,073 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of CECO Environmental by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,770,756 shares of the company’s stock valued at $90,663,000 after purchasing an additional 16,708 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of CECO Environmental by 16,844.6% during the 3rd quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock valued at $64,399,000 after purchasing an additional 1,250,373 shares during the last quarter. King Luther Capital Management Corp raised its position in CECO Environmental by 4.6% in the 2nd quarter. King Luther Capital Management Corp now owns 1,177,461 shares of the company’s stock worth $33,334,000 after purchasing an additional 51,357 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in CECO Environmental by 2.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 757,433 shares of the company’s stock worth $21,443,000 after purchasing an additional 15,176 shares during the period. 68.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CECO shares. Needham & Company LLC raised their price objective on CECO Environmental from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday. Northland Securities lifted their price target on CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 24th. HC Wainwright increased their price objective on CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday. Roth Mkm lifted their target price on shares of CECO Environmental from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday. 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. Seven equities research 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.20.

More CECO Environmental News

Here are the key news stories impacting CECO Environmental this week:

• Positive Sentiment: HC Wainwright raised FY2026 EPS and multiple quarterly estimates and reiterates a “Buy” rating with a $90 price target — this is constructive for expectations of higher future earnings and likely supported buying interest earlier. HC Wainwright Notes
• Positive Sentiment: Independent broker commentary from Needham and Roth MKM published bullish price-appreciation forecasts for CECO, which helped lift analyst-driven enthusiasm. Needham Forecast Roth MKM Forecast
• Positive Sentiment: An analyst upgrade generated heavy trading volume and short-term interest, indicating the market initially reacted positively to the revised forecasts. Volume After Upgrade
• Neutral Sentiment: Coverage pieces highlight CECO’s continued M&A strategy as a growth driver; M&A can boost long-term scale but also adds integration risk and near-term execution uncertainty. M&A Growth Note
• Neutral Sentiment: An investor alert and filing activity around Thermon Group (a separate company) has shown up in headlines; its direct impact on CECO depends on the specifics of any transaction linkage flagged in recent coverage. Thermon Investor Alert
• Negative Sentiment: CECO’s latest quarterly results (Feb. 24) showed an EPS miss — $0.08 vs. consensus ~$0.43 — despite a revenue beat; an earnings miss of that magnitude can trigger profit-taking and reset near-term expectations. Earnings Recap
• Negative Sentiment: A recent Seeking Alpha piece argues CECO’s momentum may be faltering in light of a “big Thermon deal,” which could be read by traders as a catalyst that reduces growth runway or creates near-term uncertainty — this likely pressured the stock. Thermon Deal Analysis

CECO Environmental Price Performance

CECO opened at $60.45 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.13 and a current ratio of 1.34. The stock has a market capitalization of $2.15 billion, a PE ratio of 44.45 and a beta of 1.38. The stock’s 50 day moving average price is $67.37 and its 200-day moving average price is $56.55. CECO Environmental Corp. has a 52-week low of $17.57 and a 52-week high of $81.72.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.35). CECO Environmental had a net margin of 6.46% and a return on equity of 10.60%. The company had revenue of $214.69 million during the quarter, compared to the consensus estimate of $205.39 million. During the same quarter last year, the firm earned $0.27 EPS. The business’s revenue was up 35.4% on a year-over-year basis. On average, equities research analysts predict that CECO Environmental Corp. will post 0.67 EPS for the current year.

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.