Principal Financial Group Inc. Buys Shares of 19,720 CECO Environmental Corp. $CECO

Principal Financial Group Inc. purchased a new position in shares of CECO Environmental Corp. (NASDAQ:CECO) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 19,720 shares of the company’s stock, valued at approximately $1,010,000.

A number of other institutional investors have also modified their holdings of CECO. Independent Advisor Alliance acquired a new position in CECO Environmental during the 3rd quarter worth about $292,000. AlphaQuest LLC acquired a new stake in shares of CECO Environmental during the third quarter worth about $80,000. New York State Common Retirement Fund grew its holdings in shares of CECO Environmental by 31.9% in the third quarter. New York State Common Retirement Fund now owns 10,750 shares of the company’s stock valued at $550,000 after purchasing an additional 2,600 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new stake in CECO Environmental during the 3rd quarter worth approximately $3,678,000. Finally, NorthCrest Asset Manangement LLC lifted its holdings in CECO Environmental by 38.9% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 32,128 shares of the company’s stock worth $1,638,000 after buying an additional 8,998 shares in the last quarter. 68.08% of the stock is owned by institutional investors and hedge funds.

CECO Environmental Stock Performance

Shares of CECO Environmental stock opened at $78.41 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.33 and a debt-to-equity ratio of 0.70. CECO Environmental Corp. has a 52 week low of $17.57 and a 52 week high of $81.72. The firm’s 50 day moving average is $66.07 and its two-hundred day moving average is $55.38. The firm has a market capitalization of $2.79 billion, a P/E ratio of 55.61 and a beta of 1.38.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of CECO Environmental in a research note on Wednesday, January 21st. Northland Securities boosted their target price on CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 24th. Zacks Research raised CECO Environmental from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Needham & Company LLC lifted their price objective on CECO Environmental from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.75.

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.