Oliver Luxxe Assets LLC Purchases Shares of 24,575 CECO Environmental Corp. $CECO

Oliver Luxxe Assets LLC acquired a new position in shares of CECO Environmental Corp. (NASDAQ:CECO) in the 2nd quarter, HoldingsChannel reports. The fund acquired 24,575 shares of the company’s stock, valued at approximately $2,230,000.

Several other large investors also recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. boosted its position in CECO Environmental by 104.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock worth $43,032,000 after purchasing an additional 366,611 shares during the period. Capital World Investors purchased a new position in CECO Environmental in the fourth quarter valued at about $19,936,000. Two Sigma Investments LP lifted its stake in shares of CECO Environmental by 3,620.8% during the third quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock worth $15,498,000 after purchasing an additional 294,556 shares in the last quarter. IES Holdings Inc. acquired a new position in shares of CECO Environmental during the fourth quarter worth about $16,963,000. Finally, Franklin Resources Inc. boosted its position in shares of CECO Environmental by 818.9% in the fourth quarter. Franklin Resources Inc. now owns 253,491 shares of the company’s stock worth $15,171,000 after buying an additional 225,906 shares during the period. Institutional investors and hedge funds own 68.08% of the company’s stock.

CECO Environmental Stock Up 3.4%

Shares of NASDAQ:CECO opened at $70.92 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78. The company has a fifty day simple moving average of $82.73 and a 200 day simple moving average of $73.53. The firm has a market cap of $2.54 billion, a PE ratio of 191.68 and a beta of 1.51. CECO Environmental Corp. has a 12-month low of $42.78 and a 12-month high of $101.24.

Wall Street Analyst Weigh In

CECO has been the subject of a number of recent research reports. JPMorgan Chase & Co. assumed coverage on CECO Environmental in a research note on Thursday, July 9th. They issued an “overweight” rating and a $130.00 target price for the company. TD Cowen assumed coverage on CECO Environmental in a research report on Wednesday. They set a “buy” rating and a $85.00 price target on the stock. Lake Street Capital upped their price target on CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Craig Hallum reaffirmed a “buy” rating and issued a $103.00 price objective on shares of CECO Environmental in a research report on Tuesday, April 28th. Finally, Roth Capital reiterated a “buy” rating and set a $85.00 price objective on shares of CECO Environmental in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, CECO Environmental presently has an average rating of “Buy” and a consensus target price of $104.00.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the completion of the transaction, the director directly owned 166,000 shares of the company’s stock, valued at $16,037,260. This trade represents a 17.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Peter K. Johansson sold 30,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the completion of the sale, the chief financial officer directly owned 40,746 shares of the company’s stock, valued at $3,931,581.54. The trade was a 42.41% decrease in their position. The SEC filing for this sale provides additional information. 18.40% of the stock is currently owned by insiders.

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.