Commerce Bank Makes New Investment in CECO Environmental Corp. $CECO

Commerce Bank purchased a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 17,890 shares of the company’s stock, valued at approximately $1,623,000.

Other large investors have also made changes to their positions in the company. Allworth Financial LP bought a new position in shares of CECO Environmental in the second quarter worth about $29,000. GAMMA Investing LLC raised its stake in CECO Environmental by 71.6% during the 2nd quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock valued at $33,000 after purchasing an additional 154 shares during the period. Morton Brown Family Wealth LLC bought a new stake in CECO Environmental during the 1st quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new position in CECO Environmental in the 3rd quarter worth approximately $25,000. Finally, Advisory Services Network LLC purchased a new position in CECO Environmental in the 3rd quarter worth approximately $31,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CECO. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price objective on shares of CECO Environmental in a report on Tuesday, August 11th. Zacks Research lowered shares of CECO Environmental from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. started coverage on shares of CECO Environmental in a research note on Thursday, July 9th. They set an “overweight” rating and a $130.00 target price for the company. TD Cowen started coverage on shares of CECO Environmental in a report on Wednesday, August 5th. They issued a “buy” rating and a $85.00 price target on the stock. Finally, Northland Securities set a $125.00 price target on shares of CECO Environmental in a research note on Thursday, August 13th. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, CECO Environmental has an average rating of “Moderate Buy” and a consensus target price of $104.88.

CECO Environmental Trading Down 1.4%

CECO stock opened at $70.27 on Wednesday. The firm has a fifty day moving average price of $79.80 and a 200 day moving average price of $74.09. CECO Environmental Corp. has a fifty-two week low of $42.78 and a fifty-two week high of $101.24. The firm has a market cap of $4.12 billion, a PE ratio of -101.84 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings results on Monday, August 10th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.21. The company had revenue of $284.96 million for the quarter, compared to the consensus estimate of $282.21 million. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. CECO Environmental’s revenue was up 53.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Sell-side analysts anticipate that CECO Environmental Corp. will post 2.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the sale, the director directly owned 166,000 shares of the company’s stock, valued at $16,037,260. The trade was a 17.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Peter K. Johansson sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total value of $2,894,700.00. Following the sale, the chief financial officer owned 40,746 shares in the company, valued at approximately $3,931,581.54. This trade represents a 42.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 16.90% of the stock is currently owned by company insiders.

About CECO Environmental

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.