Deutsche Bank AG Makes New Investment in CECO Environmental Corp. $CECO

Deutsche Bank AG purchased a new position in shares of CECO Environmental Corp. (NASDAQ:CECO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 335,846 shares of the company’s stock, valued at approximately $30,475,000. Deutsche Bank AG owned 0.94% of CECO Environmental as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in CECO Environmental by 71.6% during the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after buying an additional 154 shares in the last quarter. ProShare Advisors LLC increased its holdings in CECO Environmental by 8.0% in the fourth quarter. ProShare Advisors LLC now owns 5,390 shares of the company’s stock valued at $323,000 after buying an additional 399 shares in the last quarter. Osaic Holdings Inc. increased its holdings in CECO Environmental by 3.5% in the second quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock valued at $348,000 after buying an additional 412 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new stake in shares of CECO Environmental during the 1st quarter valued at approximately $29,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of CECO Environmental during the 3rd quarter valued at approximately $25,000. Hedge funds and other institutional investors own 68.08% of the company’s stock.

CECO Environmental Trading Down 2.0%

Shares of CECO stock opened at $71.52 on Friday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -103.65 and a beta of 1.51. The company has a current ratio of 1.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $80.72 and a 200 day moving average price of $74.03. CECO Environmental Corp. has a twelve month low of $42.78 and a twelve month high of $101.24.

CECO Environmental (NASDAQ:CECO) last released 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 company had revenue of $284.96 million for the quarter, compared to analysts’ expectations of $282.21 million. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The firm’s revenue for the quarter was up 53.7% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. Research analysts forecast that CECO Environmental Corp. will post 2.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CECO has been the topic of a number of research reports. JPMorgan Chase & Co. initiated coverage on CECO Environmental in a report on Thursday, July 9th. They issued an “overweight” rating and a $130.00 price target on the stock. Northland Securities set a $125.00 target price on CECO Environmental in a research report on Thursday, August 13th. Roth Capital reissued a “buy” rating and issued a $85.00 target price on shares of CECO Environmental in a report on Wednesday, April 29th. Weiss Ratings cut CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price target on shares of CECO Environmental in a research note on Tuesday, August 11th. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, CECO Environmental has a consensus rating of “Moderate Buy” and an average price target of $104.88.

Insiders Place Their Bets

In related news, Director Jason Dezwirek sold 34,000 shares of the business’s 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 completion of the sale, the director directly owned 166,000 shares in the company, valued at approximately $16,037,260. The trade was a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard F. Wallman bought 20,000 shares of CECO Environmental stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of $76.85 per share, for a total transaction of $1,537,000.00. Following the acquisition, the director directly owned 105,500 shares of the company’s stock, valued at $8,107,675. The trade was a 23.39% increase in their position. The SEC filing for this purchase provides additional information. 18.40% of the stock is owned by corporate insiders.

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.