CECO Environmental Corp. $CECO Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC lifted its holdings in CECO Environmental Corp. (NASDAQ:CECO) by 132.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,577 shares of the company’s stock after purchasing an additional 11,713 shares during the quarter. HighTower Advisors LLC owned about 0.06% of CECO Environmental worth $1,232,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of CECO Environmental in the 3rd quarter worth $25,000. Aventura Private Wealth LLC acquired a new stake in shares of CECO Environmental in the 4th quarter worth $30,000. Advisory Services Network LLC acquired a new stake in shares of CECO Environmental in the 3rd quarter worth $31,000. Comerica Bank boosted its position in shares of CECO Environmental by 10,578.6% in the 4th quarter. Comerica Bank now owns 1,495 shares of the company’s stock worth $89,000 after purchasing an additional 1,481 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of CECO Environmental in the 4th quarter worth $90,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CECO shares. Craig Hallum reissued a “buy” rating and issued a $103.00 price objective on shares of CECO Environmental in a research report on Tuesday, April 28th. Roth Mkm reissued a “buy” rating and issued a $85.00 price objective on shares of CECO Environmental in a research report on Wednesday, April 29th. Lake Street Capital restated a “buy” rating and issued a $80.00 target price on shares of CECO Environmental in a research note on Wednesday, February 25th. Weiss Ratings lowered CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Finally, Needham & Company LLC raised their target price on CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, CECO Environmental currently has a consensus rating of “Buy” and a consensus target price of $86.83.

Insider Buying and Selling at CECO Environmental

In related news, Director Richard F. Wallman acquired 20,000 shares of CECO Environmental stock in a transaction on Monday, June 1st. The stock was acquired at an average price of $76.85 per share, for a total transaction of $1,537,000.00. Following the purchase, the director owned 105,500 shares of the company’s stock, valued at approximately $8,107,675. This represents a 23.39% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 18.40% of the company’s stock.

CECO Environmental Stock Performance

Shares of CECO stock opened at $79.47 on Thursday. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 214.78 and a beta of 1.49. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18. The business has a fifty day moving average of $71.93 and a 200 day moving average of $65.26. CECO Environmental Corp. has a 1 year low of $25.96 and a 1 year high of $92.00.

CECO Environmental (NASDAQ:CECO) last issued its earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.24. The company had revenue of $205.92 million during the quarter, compared to analyst estimates of $198.88 million. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. As a group, research analysts expect that CECO Environmental Corp. will post 1.77 earnings per share for the current year.

CECO Environmental Company 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.