Granahan Investment Management LLC Sells 125,810 Shares of CECO Environmental Corp. $CECO

Granahan Investment Management LLC reduced its holdings in shares of CECO Environmental Corp. (NASDAQ:CECO) by 53.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,889 shares of the company’s stock after selling 125,810 shares during the period. Granahan Investment Management LLC’s holdings in CECO Environmental were worth $6,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in CECO Environmental during the third quarter valued at approximately $25,000. Aventura Private Wealth LLC bought a new position in CECO Environmental during the fourth quarter valued at approximately $30,000. Advisory Services Network LLC bought a new position in CECO Environmental during the third quarter valued at approximately $31,000. Comerica Bank grew its position in CECO Environmental by 10,578.6% during the fourth quarter. Comerica Bank now owns 1,495 shares of the company’s stock valued at $89,000 after acquiring an additional 1,481 shares during the last quarter. Finally, USA Financial Formulas bought a new position in CECO Environmental during the fourth quarter valued at approximately $90,000. 68.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CECO has been the topic of a number of recent research reports. HC Wainwright increased their price target on shares of CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Roth Mkm reiterated a “buy” rating and set a $85.00 price target on shares of CECO Environmental in a research report on Wednesday, April 29th. Weiss Ratings cut shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Needham & Company LLC increased their price target on shares of CECO Environmental from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $103.00 target price on shares of CECO Environmental in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $102.83.

Insiders Place Their Bets

In related news, Director Richard F. Wallman purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average price of $76.85 per share, for a total transaction of $1,537,000.00. Following the completion of the acquisition, the director directly owned 105,500 shares in the company, valued at approximately $8,107,675. The trade was a 23.39% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 16.90% of the stock is currently owned by company insiders.

CECO Environmental Stock Down 2.6%

Shares of NASDAQ CECO opened at $92.55 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. CECO Environmental Corp. has a 52 week low of $27.50 and a 52 week high of $101.24. The firm’s fifty day moving average is $77.13 and its 200 day moving average is $67.78. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 250.14 and a beta of 1.49.

CECO Environmental (NASDAQ:CECO) last issued its earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.12 by $0.24. The company had revenue of $205.92 million for the quarter, compared to the consensus estimate of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 earnings per share. On average, equities research analysts expect that CECO Environmental Corp. will post 1.82 earnings per share 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.