Legato Capital Management LLC Has $4.86 Million Position in CECO Environmental Corp. $CECO

Legato Capital Management LLC grew its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 77.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 81,123 shares of the company’s stock after buying an additional 35,529 shares during the period. Legato Capital Management LLC’s holdings in CECO Environmental were worth $4,855,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of CECO Environmental during the third quarter valued at about $25,000. Aventura Private Wealth LLC acquired a new position in shares of CECO Environmental during the fourth quarter valued at about $30,000. Advisory Services Network LLC acquired a new position in shares of CECO Environmental during the third quarter valued at about $31,000. Comerica Bank raised its position in shares of CECO Environmental by 10,578.6% during the fourth quarter. Comerica Bank now owns 1,495 shares of the company’s stock valued at $89,000 after buying an additional 1,481 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in shares of CECO Environmental during the fourth quarter valued at about $90,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CECO. Lake Street Capital reissued a “buy” rating and issued a $80.00 price target on shares of CECO Environmental in a research report on Wednesday, February 25th. Roth Mkm reissued a “buy” rating and issued a $85.00 price target on shares of CECO Environmental in a research report on Wednesday, April 29th. Craig Hallum reissued a “buy” rating and issued a $103.00 price target on shares of CECO Environmental in a research report on Tuesday, April 28th. Zacks Research raised shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, Needham & Company LLC increased their price target on shares of CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One equities research 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $86.83.

CECO Environmental Stock Performance

NASDAQ CECO opened at $81.71 on Friday. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 220.84 and a beta of 1.53. The company has a 50 day moving average of $67.91 and a 200-day moving average of $63.57. 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 $25.96 and a 1-year high of $90.25.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.24. The company had revenue of $205.92 million during the quarter, compared to analyst estimates of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The company’s revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. On average, equities analysts forecast that CECO Environmental Corp. will post 1.77 earnings per share for the current fiscal year.

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.