45,916 Shares in CECO Environmental Corp. $CECO Purchased by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor acquired a new position in CECO Environmental Corp. (NASDAQ:CECO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 45,916 shares of the company’s stock, valued at approximately $4,166,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of CECO Environmental by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock valued at $106,569,000 after buying an additional 9,840 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of CECO Environmental by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 903,291 shares of the company’s stock worth $53,813,000 after acquiring an additional 7,751 shares during the period. Geode Capital Management LLC raised its stake in CECO Environmental by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 729,700 shares of the company’s stock valued at $43,680,000 after acquiring an additional 8,734 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in CECO Environmental by 104.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock valued at $43,032,000 after acquiring an additional 366,611 shares during the period. Finally, William Blair Investment Management LLC lifted its holdings in CECO Environmental by 3.0% during the fourth quarter. William Blair Investment Management LLC now owns 706,273 shares of the company’s stock valued at $42,270,000 after purchasing an additional 20,531 shares during the last quarter. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

CECO Environmental Price Performance

Shares of NASDAQ:CECO opened at $84.15 on Tuesday. The company’s fifty day moving average price is $82.41 and its 200-day moving average price is $73.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 1.18. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of -121.96 and a beta of 1.51. CECO Environmental Corp. has a one year low of $42.78 and a one year high of $101.24.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.21. The firm had revenue of $284.96 million during the quarter, compared to analyst estimates of $282.21 million. CECO Environmental had a positive return on equity of 7.36% and a negative net margin of 3.39%.The company’s revenue was up 53.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share. On average, equities research analysts anticipate that CECO Environmental Corp. will post 2.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CECO shares. Zacks Research cut shares of CECO Environmental from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Weiss Ratings lowered shares of CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 12th. Craig Hallum reissued a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a report on Tuesday, April 28th. Northland Securities set a $125.00 target price on CECO Environmental in a research report on Thursday. Finally, TD Cowen initiated coverage on CECO Environmental in a report on Wednesday, August 5th. They issued a “buy” rating and a $85.00 price target for the company. Eight analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.88.

Insider Activity

In other news, CFO Peter K. Johansson sold 30,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total value of $2,894,700.00. Following the completion of the sale, the chief financial officer owned 40,746 shares of the company’s stock, valued at approximately $3,931,581.54. The trade was a 42.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jason Dezwirek sold 34,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total value of $3,284,740.00. Following the sale, the director directly owned 166,000 shares of the company’s stock, valued at approximately $16,037,260. This trade represents a 17.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 16.90% of the stock is currently owned by corporate insiders.

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.