Segall Bryant & Hamill LLC Sells 9,066 Shares of CECO Environmental Corp. $CECO

Segall Bryant & Hamill LLC cut its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 4.9% in the 1st quarter, HoldingsChannel reports. The fund owned 175,054 shares of the company’s stock after selling 9,066 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in CECO Environmental were worth $10,430,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CECO. Peregrine Asset Advisers Inc. lifted its position in CECO Environmental by 142.1% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 113,870 shares of the company’s stock valued at $6,815,000 after purchasing an additional 66,843 shares during the last quarter. Moran Wealth Management LLC increased its stake in shares of CECO Environmental by 393.4% in the first quarter. Moran Wealth Management LLC now owns 56,953 shares of the company’s stock worth $3,393,000 after buying an additional 45,411 shares during the period. Navellier & Associates Inc. raised its holdings in CECO Environmental by 48.5% during the 4th quarter. Navellier & Associates Inc. now owns 42,455 shares of the company’s stock valued at $2,541,000 after buying an additional 13,860 shares during the last quarter. Capital World Investors bought a new stake in CECO Environmental during the 4th quarter valued at $19,936,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in CECO Environmental during the 1st quarter valued at $556,000. 68.08% of the stock is currently owned by institutional investors.

Insider Transactions at CECO Environmental

In related news, CFO Peter K. Johansson sold 30,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the transaction, the chief financial officer owned 40,746 shares in the company, valued at $3,931,581.54. The trade was a 42.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman purchased 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 16.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CECO. Weiss Ratings lowered shares of CECO Environmental from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Northland Securities set a $118.00 price objective on shares of CECO Environmental in a research note on Friday, June 12th. JPMorgan Chase & Co. initiated coverage on shares of CECO Environmental in a report on Thursday, July 9th. They set an “overweight” rating and a $130.00 target price for the company. Needham & Company LLC boosted their price target on CECO Environmental from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, Roth Capital reaffirmed a “buy” rating and set a $85.00 price target on shares of CECO Environmental in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $106.71.

CECO Environmental Stock Performance

NASDAQ:CECO opened at $65.89 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. The firm’s fifty day simple moving average is $84.12 and its 200 day simple moving average is $73.45. The stock has a market cap of $2.36 billion, a P/E ratio of 178.08 and a beta of 1.51. CECO Environmental Corp. has a twelve month low of $41.72 and a twelve month high of $101.24.

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.