35,298 Shares in CECO Environmental Corp. $CECO Bought by Van ECK Associates Corp

Van ECK Associates Corp purchased a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 35,298 shares of the company’s stock, valued at approximately $3,203,000. Van ECK Associates Corp owned approximately 0.10% of CECO Environmental as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of CECO Environmental in the 2nd quarter worth about $392,358,000. Jupiter Topco LLC bought a new position in shares of CECO Environmental in the 2nd quarter valued at about $86,194,000. Legal & General Group Plc purchased a new position in CECO Environmental in the second quarter worth about $40,461,000. T. Rowe Price Investment Management Inc. grew its position in CECO Environmental by 104.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock worth $43,032,000 after acquiring an additional 366,611 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in CECO Environmental during the second quarter worth approximately $30,475,000. Institutional investors own 68.08% of the company’s stock.

CECO Environmental Stock Performance

CECO stock opened at $74.35 on Friday. CECO Environmental Corp. has a twelve month low of $42.82 and a twelve month high of $101.24. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of -107.75 and a beta of 1.51. The business’s fifty day simple moving average is $76.21 and its two-hundred day simple moving average is $73.96. The company has a quick ratio of 1.18, a current ratio of 1.50 and a debt-to-equity ratio of 0.34.

CECO Environmental (NASDAQ:CECO) last issued its 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 firm had revenue of $284.96 million during the quarter, compared to analyst estimates of $282.21 million. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The business’s revenue was up 53.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.26 earnings per share. Analysts predict that CECO Environmental Corp. will post 2.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CECO shares. JPMorgan Chase & Co. initiated coverage on CECO Environmental in a research note on Thursday, July 9th. They issued an “overweight” rating and a $130.00 price objective for the company. Lake Street Capital boosted their target price on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. TD Cowen assumed coverage on CECO Environmental in a report on Wednesday, August 5th. They set a “buy” rating and a $85.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price objective on shares of CECO Environmental in a research note on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of CECO Environmental from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, August 27th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.88.

Insider Activity

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total value of $3,284,740.00. Following the transaction, the director directly owned 166,000 shares in the company, valued at $16,037,260. This 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 this hyperlink. Also, CFO Peter Johansson sold 30,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly 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. The SEC filing for this sale provides additional information. 18.40% of the stock is 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.