Quantbot Technologies LP Makes New $1.10 Million Investment in CECO Environmental Corp. $CECO

Quantbot Technologies LP purchased a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) in the 2nd quarter, HoldingsChannel reports. The firm purchased 12,076 shares of the company’s stock, valued at approximately $1,096,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Royal Bank of Canada increased its holdings in shares of CECO Environmental by 15.6% in the first quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock worth $335,000 after buying an additional 1,982 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of CECO Environmental by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock valued at $398,000 after acquiring an additional 790 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in CECO Environmental by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 93,137 shares of the company’s stock valued at $2,124,000 after acquiring an additional 5,000 shares during the period. Jane Street Group LLC bought a new position in CECO Environmental during the 1st quarter worth approximately $1,047,000. Finally, Rhumbline Advisers grew its position in CECO Environmental by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock worth $1,221,000 after acquiring an additional 991 shares during the last quarter. 68.08% of the stock is owned by institutional investors.

Insider Activity at CECO Environmental

In related news, CFO Peter K. Johansson sold 30,000 shares of the firm’s stock in a transaction on 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 $3,931,581.54. This trade represents a 42.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard F. Wallman purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average price of $76.85 per share, for a total transaction of $1,537,000.00. Following the acquisition, 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. Additional details regarding this purchase are available in the official SEC disclosure. 16.90% of the stock is owned by corporate insiders.

CECO Environmental Trading Down 1.4%

CECO opened at $70.27 on Wednesday. CECO Environmental Corp. has a one year low of $42.78 and a one year high of $101.24. 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 business has a 50 day simple moving average of $79.80 and a two-hundred day simple moving average of $74.09. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of -101.84 and a beta of 1.51.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.21. CECO Environmental had a positive return on equity of 7.36% and a negative net margin of 3.39%.The firm had revenue of $284.96 million for the quarter, compared to analyst estimates of $282.21 million. During the same period last year, the company earned $0.26 EPS. The business’s quarterly revenue was up 53.7% compared to the same quarter last year. Analysts predict that CECO Environmental Corp. will post 2.35 EPS for the current year.

Analysts Set New Price Targets

CECO has been the topic of a number of analyst reports. TD Cowen assumed coverage on CECO Environmental in a research note on Wednesday, August 5th. They issued a “buy” rating and a $85.00 price target on the stock. Zacks Research cut shares of CECO Environmental from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Lake Street Capital lifted their target price on shares of CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Weiss Ratings lowered shares of CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. Finally, Northland Securities set a $125.00 price target on shares of CECO Environmental in a research report on Thursday, August 13th. Eight investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $104.88.

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.