Harbor Capital Advisors Inc. Sells 56,943 Shares of CECO Environmental Corp. $CECO

Harbor Capital Advisors Inc. reduced its stake in CECO Environmental Corp. (NASDAQ:CECO) by 78.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,784 shares of the company’s stock after selling 56,943 shares during the period. Harbor Capital Advisors Inc.’s holdings in CECO Environmental were worth $808,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CECO. SageView Advisory Group LLC grew its stake in CECO Environmental by 1.0% in the second quarter. SageView Advisory Group LLC now owns 29,595 shares of the company’s stock worth $838,000 after purchasing an additional 290 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of CECO Environmental by 3.5% in the 2nd quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock worth $348,000 after buying an additional 412 shares during the period. Redwood Investments LLC grew its position in shares of CECO Environmental by 0.6% during the 1st quarter. Redwood Investments LLC now owns 87,993 shares of the company’s stock worth $2,006,000 after buying an additional 490 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of CECO Environmental by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock valued at $398,000 after buying an additional 790 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of CECO Environmental by 2.4% during the second quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock valued at $1,221,000 after buying an additional 991 shares during the period. Institutional investors own 68.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CECO. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CECO Environmental in a research note on Wednesday, October 8th. Northland Securities increased their price objective on shares of CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday. Zacks Research raised shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Needham & Company LLC upped their target price on CECO Environmental from $57.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, December 16th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $58.80.

CECO Environmental Stock Down 1.8%

NASDAQ:CECO opened at $61.40 on Friday. The company’s 50-day simple moving average is $53.97 and its 200-day simple moving average is $45.77. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.13 and a current ratio of 1.33. CECO Environmental Corp. has a fifty-two week low of $17.57 and a fifty-two week high of $63.98. The stock has a market capitalization of $2.19 billion, a P/E ratio of 43.55 and a beta of 1.37.

CECO Environmental (NASDAQ:CECO) last posted its earnings results on Tuesday, October 28th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. CECO Environmental had a net margin of 7.22% and a return on equity of 10.84%. The company had revenue of $197.60 million during the quarter, compared to analysts’ expectations of $190.36 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. CECO Environmental’s revenue for the quarter was up 45.8% compared to the same quarter last year. On average, equities analysts anticipate that CECO Environmental Corp. will post 0.67 earnings per share for the current fiscal year.

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.