Royce & Associates LP Sells 84,473 Shares of CECO Environmental Corp. $CECO

Royce & Associates LP decreased its position in CECO Environmental Corp. (NASDAQ:CECO) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 740,687 shares of the company’s stock after selling 84,473 shares during the quarter. Royce & Associates LP owned approximately 2.08% of CECO Environmental worth $44,330,000 as of its most recent SEC filing.

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

CECO Environmental Stock Performance

CECO Environmental stock opened at $81.71 on Tuesday. The stock has a 50-day simple moving average of $68.46 and a 200 day simple moving average of $63.85. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. CECO Environmental Corp. has a 12-month low of $25.96 and a 12-month high of $90.25. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 220.84 and a beta of 1.53.

CECO Environmental (NASDAQ:CECO) last announced 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 firm had revenue of $205.92 million during the quarter, compared to analysts’ expectations of $198.88 million. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 EPS. On average, research analysts anticipate that CECO Environmental Corp. will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

CECO has been the topic of several research analyst reports. Lake Street Capital restated a “buy” rating and issued a $80.00 price objective on shares of CECO Environmental in a research note on Wednesday, February 25th. HC Wainwright lifted their price target 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. Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Roth Mkm reiterated a “buy” rating and set a $85.00 price target on shares of CECO Environmental in a research note on Wednesday, April 29th. Finally, Craig Hallum restated a “buy” rating and issued a $103.00 target price on shares of CECO Environmental in a research note on Tuesday, April 28th. One 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.com, the stock has an average rating of “Buy” and a consensus 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.