Divisadero Street Capital Management LP Makes New $7.68 Million Investment in CECO Environmental Corp. $CECO

Divisadero Street Capital Management LP acquired a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 150,000 shares of the company’s stock, valued at approximately $7,680,000. Divisadero Street Capital Management LP owned about 0.42% of CECO Environmental at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CECO. Royal Bank of Canada boosted its position in shares of CECO Environmental by 15.6% during the first quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock worth $335,000 after acquiring an additional 1,982 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CECO Environmental by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock worth $398,000 after purchasing an additional 790 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in CECO Environmental by 5.7% in 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 purchasing an additional 5,000 shares in the last quarter. Jane Street Group LLC bought a new position in shares of CECO Environmental during the 1st quarter valued at about $1,047,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of CECO Environmental during the second quarter valued at about $306,000. Hedge funds and other institutional investors own 68.08% of the company’s stock.

Wall Street Analyst Weigh In

CECO has been the topic of several research reports. Needham & Company LLC lifted their target price on CECO Environmental from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Roth Mkm lifted their price objective on CECO Environmental from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. HC Wainwright upped their price objective on CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Lake Street Capital reiterated a “buy” rating and set a $80.00 target price on shares of CECO Environmental in a research report on Wednesday, February 25th. Finally, Northland Securities raised their target price on shares of CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, December 24th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $78.20.

CECO Environmental Stock Up 0.4%

Shares of NASDAQ:CECO opened at $54.50 on Monday. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 40.07 and a beta of 1.39. CECO Environmental Corp. has a 12 month low of $17.57 and a 12 month high of $81.72. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $66.09 and a 200 day moving average price of $57.20.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data 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). The company had revenue of $214.69 million for the quarter, compared to the consensus estimate of $205.39 million. CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.The company’s revenue was up 35.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. As a group, equities research analysts predict that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

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.