Granahan Investment Management LLC Reduces Stock Holdings in CECO Environmental Corp. $CECO

Granahan Investment Management LLC reduced its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 33.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 234,699 shares of the company’s stock after selling 117,392 shares during the period. Granahan Investment Management LLC owned 0.66% of CECO Environmental worth $12,017,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of CECO Environmental during the 3rd quarter worth approximately $50,000. First Horizon Corp purchased a new stake in shares of CECO Environmental during the 3rd quarter valued at approximately $64,000. AlphaQuest LLC acquired a new position in CECO Environmental in the third quarter valued at approximately $80,000. State of Alaska Department of Revenue purchased a new position in CECO Environmental in the third quarter worth approximately $94,000. Finally, State of Wyoming purchased a new position in CECO Environmental in the third quarter worth approximately $184,000. 68.08% of the stock is currently owned by institutional investors and hedge funds.

CECO Environmental Stock Up 0.4%

NASDAQ:CECO opened at $54.50 on Monday. CECO Environmental Corp. has a 52 week low of $17.57 and a 52 week high of $81.72. The stock’s fifty day moving average is $66.09 and its two-hundred day moving average is $57.20. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 40.07 and a beta of 1.39. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.65.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35). The firm had revenue of $214.69 million during the quarter, compared to analyst estimates of $205.39 million. CECO Environmental had a net margin of 6.46% and a return on equity of 10.60%. The company’s quarterly revenue was up 35.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. Research analysts anticipate that CECO Environmental Corp. will post 0.67 EPS for the current year.

Analyst Ratings Changes

CECO has been the subject of several recent analyst reports. Needham & Company LLC lifted their target price on CECO Environmental from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Lake Street Capital reiterated a “buy” rating and set a $80.00 price target on shares of CECO Environmental in a report on Wednesday, February 25th. HC Wainwright raised their price objective on CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Northland Securities boosted their price objective on shares of CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, December 24th. Finally, Weiss Ratings cut shares of CECO Environmental from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, March 4th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $78.20.

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.