American Century Companies Inc. Grows Stake in CECO Environmental Corp. $CECO

American Century Companies Inc. lifted its position in CECO Environmental Corp. (NASDAQ:CECO) by 16,844.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,257,796 shares of the company’s stock after buying an additional 1,250,373 shares during the period. American Century Companies Inc.’s holdings in CECO Environmental were worth $64,399,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CECO. Quantbot Technologies LP increased its stake in CECO Environmental by 314.5% in the 3rd quarter. Quantbot Technologies LP now owns 31,088 shares of the company’s stock worth $1,592,000 after acquiring an additional 23,587 shares during the last quarter. TD Asset Management Inc purchased a new position in CECO Environmental in the 3rd quarter worth approximately $621,000. Vanguard Group Inc. lifted its holdings in shares of CECO Environmental by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,770,756 shares of the company’s stock worth $90,663,000 after acquiring an additional 16,708 shares during the last quarter. JPMorgan Chase & Co. raised its position in CECO Environmental by 38.8% during the third quarter. JPMorgan Chase & Co. now owns 23,559 shares of the company’s stock valued at $1,206,000 after purchasing an additional 6,587 shares in the last quarter. Finally, Wedbush Securities Inc. bought a new stake in CECO Environmental during the third quarter worth about $216,000. Institutional investors own 68.08% of the company’s stock.

Wall Street Analysts Forecast Growth

CECO has been the topic of several recent research reports. Needham & Company LLC increased their price objective on CECO Environmental from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Lake Street Capital reaffirmed a “buy” rating and issued a $80.00 target price on shares of CECO Environmental in a research note on Wednesday, February 25th. Zacks Research raised shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, January 21st. Finally, Roth Mkm increased their target price on shares of CECO Environmental from $58.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.20.

CECO Environmental Price Performance

CECO opened at $55.51 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.34. The stock has a market capitalization of $1.98 billion, a PE ratio of 40.82 and a beta of 1.39. The stock’s 50 day moving average price is $67.05 and its 200-day moving average price is $56.78. CECO Environmental Corp. has a 52-week low of $17.57 and a 52-week high of $81.72.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.35). The company had revenue of $214.69 million during the quarter, compared to the consensus estimate of $205.39 million. CECO Environmental had a net margin of 6.46% and a return on equity of 10.60%. The business’s revenue was up 35.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. On average, equities research analysts predict that CECO Environmental Corp. will post 0.67 EPS for the current year.

CECO Environmental 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.