CECO Environmental Corp. $CECO Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC grew its position in CECO Environmental Corp. (NASDAQ:CECO) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 706,273 shares of the company’s stock after acquiring an additional 20,531 shares during the period. William Blair Investment Management LLC owned about 1.98% of CECO Environmental worth $42,270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CECO. Royal Bank of Canada increased its stake in shares of CECO Environmental by 15.6% during the first quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock worth $335,000 after purchasing an additional 1,982 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of CECO Environmental by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock worth $398,000 after purchasing an additional 790 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of CECO Environmental by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 93,137 shares of the company’s stock worth $2,124,000 after purchasing an additional 5,000 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of CECO Environmental during the first quarter worth about $1,047,000. Finally, Rhumbline Advisers increased its stake in shares of CECO Environmental by 2.4% during the second quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock worth $1,221,000 after purchasing an additional 991 shares in the last quarter. Hedge funds and other institutional investors own 68.08% of the company’s stock.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $81.71 on Monday. CECO Environmental Corp. has a 12-month low of $25.96 and a 12-month high of $90.25. The stock has a market cap of $2.93 billion, a PE ratio of 220.84 and a beta of 1.53. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average of $67.91 and a 200 day moving average of $63.65.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.24. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The company had revenue of $205.92 million during the quarter, compared to analysts’ expectations of $198.88 million. During the same quarter in the prior year, the company earned $0.10 EPS. CECO Environmental’s revenue was up 16.5% compared to the same quarter last year. As a group, sell-side analysts predict that CECO Environmental Corp. will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CECO has been the subject of a number of research reports. Zacks Research raised shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Weiss Ratings cut shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Lake Street Capital reissued a “buy” rating and set a $80.00 target price on shares of CECO Environmental in a research note on Wednesday, February 25th. Needham & Company LLC boosted their target price on shares of CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, HC Wainwright boosted their target price on shares of CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $86.83.

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.