Capital International Investors Sells 953,369 Shares of CECO Environmental Corp. $CECO

Capital International Investors trimmed its stake in CECO Environmental Corp. (NASDAQ:CECO) by 56.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 721,982 shares of the company’s stock after selling 953,369 shares during the period. Capital International Investors’ holdings in CECO Environmental were worth $43,211,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CECO. Caitong International Asset Management Co. Ltd bought a new stake in CECO Environmental in the third quarter valued at $25,000. Aventura Private Wealth LLC bought a new stake in CECO Environmental in the fourth quarter valued at $30,000. Advisory Services Network LLC bought a new stake in CECO Environmental in the third quarter valued at $31,000. AlphaQuest LLC bought a new stake in CECO Environmental in the third quarter valued at $80,000. Finally, Comerica Bank grew its position in CECO Environmental by 10,578.6% in the fourth quarter. Comerica Bank now owns 1,495 shares of the company’s stock valued at $89,000 after acquiring an additional 1,481 shares during the period. 68.08% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Richard F. Wallman bought 20,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were purchased at an average price of $76.85 per share, with a total value of $1,537,000.00. Following the completion of the purchase, the director owned 105,500 shares of the company’s stock, valued at $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 available at this hyperlink. Insiders own 16.90% of the company’s stock.

CECO Environmental Stock Performance

CECO Environmental stock opened at $95.44 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78. CECO Environmental Corp. has a 1 year low of $26.32 and a 1 year high of $95.68. The company has a market cap of $3.42 billion, a PE ratio of 257.95 and a beta of 1.49. The company’s 50-day moving average is $73.71 and its two-hundred day moving average is $66.24.

CECO Environmental (NASDAQ:CECO) last released its earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $198.88 million. During the same period in the prior year, the company posted $0.10 EPS. The company’s revenue was up 16.5% compared to the same quarter last year. Equities analysts anticipate that CECO Environmental Corp. will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CECO shares. Needham & Company LLC boosted their price objective on CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. HC Wainwright boosted their price objective on CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Roth Mkm reissued a “buy” rating and issued a $85.00 price objective on shares of CECO Environmental in a research note on Wednesday, April 29th. Finally, Craig Hallum reissued a “buy” rating and issued a $103.00 price objective on shares of CECO Environmental in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, CECO Environmental presently has a consensus rating of “Buy” and a consensus target price of $86.83.

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.