King Luther Capital Management Corp Lowers Stock Holdings in CECO Environmental Corp. $CECO

King Luther Capital Management Corp reduced its holdings in CECO Environmental Corp. (NASDAQ:CECO) by 4.4% during the 3rd quarter, Holdings Channel reports. The firm owned 1,125,322 shares of the company’s stock after selling 52,139 shares during the quarter. King Luther Capital Management Corp’s holdings in CECO Environmental were worth $57,616,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of CECO Environmental by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,770,756 shares of the company’s stock valued at $90,663,000 after buying an additional 16,708 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in CECO Environmental by 38.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,559 shares of the company’s stock worth $1,206,000 after acquiring an additional 6,587 shares in the last quarter. Wedbush Securities Inc. acquired a new position in CECO Environmental during the third quarter worth $216,000. Essex Investment Management Co. LLC lifted its holdings in CECO Environmental by 3.4% during the third quarter. Essex Investment Management Co. LLC now owns 157,980 shares of the company’s stock valued at $8,089,000 after purchasing an additional 5,237 shares in the last quarter. Finally, Versor Investments LP purchased a new position in CECO Environmental during the third quarter valued at $348,000. 68.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CECO shares. Weiss Ratings restated a “buy (b-)” rating on shares of CECO Environmental in a research report on Wednesday, January 21st. Zacks Research upgraded CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Needham & Company LLC increased their target price on CECO Environmental from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 16th. Finally, Northland Securities raised their target price on CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, December 24th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.75.

CECO Environmental Stock Down 0.7%

Shares of NASDAQ CECO opened at $78.41 on Thursday. The stock has a market cap of $2.79 billion, a PE ratio of 55.61 and a beta of 1.38. The company has a current ratio of 1.33, a quick ratio of 1.13 and a debt-to-equity ratio of 0.70. CECO Environmental Corp. has a 12-month low of $17.57 and a 12-month high of $81.72. The company has a 50-day moving average of $66.07 and a 200 day moving average of $55.38.

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.