CECO Environmental Corp. $CECO Position Trimmed by Continuum Advisory LLC

Continuum Advisory LLC trimmed its stake in CECO Environmental Corp. (NASDAQ:CECO) by 50.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,443 shares of the company’s stock after selling 37,443 shares during the quarter. Continuum Advisory LLC’s holdings in CECO Environmental were worth $1,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. American Century Companies Inc. lifted its stake in CECO Environmental by 8.6% in the first quarter. American Century Companies Inc. now owns 57,272 shares of the company’s stock valued at $1,306,000 after acquiring an additional 4,552 shares during the last quarter. Caption Management LLC acquired a new position in shares of CECO Environmental during the 1st quarter worth $182,000. Royal Bank of Canada raised its holdings in shares of CECO Environmental by 15.6% during the 1st quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock valued at $335,000 after purchasing an additional 1,982 shares in the last quarter. Granahan Investment Management LLC bought a new position in shares of CECO Environmental during the 1st quarter valued at $7,237,000. Finally, 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 purchasing an additional 790 shares during the last quarter. 68.08% of the stock is currently owned by institutional investors and hedge funds.

CECO Environmental Price Performance

NASDAQ CECO opened at $60.98 on Tuesday. The stock has a 50-day simple moving average of $54.19 and a 200 day simple moving average of $46.13. CECO Environmental Corp. has a twelve month low of $17.57 and a twelve month high of $63.98. The stock has a market capitalization of $2.17 billion, a PE ratio of 43.25 and a beta of 1.37. 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 (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. CECO Environmental had a return on equity of 10.84% and a net margin of 7.22%.The company had revenue of $197.60 million for the quarter, compared to the consensus estimate of $190.36 million. During the same period in the previous year, the business posted $0.14 EPS. The company’s revenue for the quarter was up 45.8% on a year-over-year basis. Research analysts anticipate that CECO Environmental Corp. will post 0.67 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on CECO shares. Northland Securities boosted their price target on CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 24th. Zacks Research raised CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Needham & Company LLC boosted 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. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CECO Environmental in a research report on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.80.

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.