Quantbot Technologies LP Has $1.59 Million Position in CECO Environmental Corp. $CECO

Quantbot Technologies LP grew its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 314.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,088 shares of the company’s stock after purchasing an additional 23,587 shares during the quarter. Quantbot Technologies LP owned approximately 0.09% of CECO Environmental worth $1,592,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CECO. Hood River Capital Management LLC raised its holdings in CECO Environmental by 0.7% in the 2nd quarter. Hood River Capital Management LLC now owns 1,941,741 shares of the company’s stock valued at $54,971,000 after buying an additional 14,073 shares during the last quarter. Vanguard Group Inc. increased its position in CECO Environmental by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,770,756 shares of the company’s stock valued at $90,663,000 after acquiring an additional 16,708 shares during the period. King Luther Capital Management Corp raised its stake in shares of CECO Environmental by 4.6% during the second quarter. King Luther Capital Management Corp now owns 1,177,461 shares of the company’s stock valued at $33,334,000 after acquiring an additional 51,357 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of CECO Environmental by 2.0% during the second quarter. Thrivent Financial for Lutherans now owns 757,433 shares of the company’s stock valued at $21,443,000 after acquiring an additional 15,176 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of CECO Environmental by 2.7% during the second quarter. Geode Capital Management LLC now owns 712,331 shares of the company’s stock worth $20,168,000 after purchasing an additional 18,501 shares during the period. 68.08% of the stock is currently owned by institutional investors.

CECO Environmental Stock Down 1.7%

Shares of NASDAQ:CECO opened at $54.55 on Friday. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 40.11 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.34 and a quick ratio of 1.16. The business’s 50-day moving average is $66.89 and its 200-day moving average is $56.76. CECO Environmental Corp. has a 1 year low of $17.57 and a 1 year high of $81.72.

CECO Environmental (NASDAQ:CECO) last issued its earnings results 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). CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.The business had revenue of $214.69 million during the quarter, compared to the consensus estimate of $205.39 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s revenue for the quarter was up 35.4% compared to the same quarter last year. Equities research analysts predict that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Lake Street Capital restated a “buy” rating and issued a $80.00 price objective on shares of CECO Environmental in a report on Wednesday, February 25th. Needham & Company LLC upped their price target on CECO Environmental from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Roth Mkm raised their price objective on CECO Environmental from $58.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Zacks Research raised CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Northland Securities increased their target price on shares of 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 two have issued a Hold rating to the stock. Based on data from MarketBeat, CECO Environmental currently has a consensus rating of “Moderate Buy” and an average target price of $78.20.

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.