CECO Environmental Corp. $CECO Position Lessened by Cox Capital Mgt LLC

Cox Capital Mgt LLC decreased its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 46.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,088 shares of the company’s stock after selling 10,367 shares during the period. Cox Capital Mgt LLC’s holdings in CECO Environmental were worth $776,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Divisadero Street Capital Management LP purchased a new stake in shares of CECO Environmental during the 3rd quarter worth about $7,680,000. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of CECO Environmental during the 3rd quarter valued at about $3,678,000. Peregrine Asset Advisers Inc. bought a new stake in shares of CECO Environmental in the 3rd quarter valued at approximately $2,408,000. Osterweis Capital Management Inc. acquired a new position in CECO Environmental in the second quarter worth approximately $7,175,000. Finally, Arete Wealth Advisors LLC bought a new position in CECO Environmental during the third quarter valued at approximately $1,042,000. Hedge funds and other institutional investors own 68.08% of the company’s stock.

CECO Environmental Trading Down 0.2%

NASDAQ:CECO opened at $60.95 on Friday. The company’s 50 day moving average is $65.28 and its 200-day moving average is $58.01. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.65. CECO Environmental Corp. has a 12 month low of $17.57 and a 12 month high of $81.72. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 44.82 and a beta of 1.39.

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

Analyst Ratings Changes

A number of research firms have issued reports on CECO. HC Wainwright lifted their target price on shares of CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Roth Mkm raised their price target 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. Weiss Ratings lowered shares of CECO Environmental from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, March 4th. Northland Securities upped their price objective on shares of CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, December 24th. Finally, Lake Street Capital reissued a “buy” rating and set a $80.00 target price on shares of CECO Environmental in a research report on Wednesday, February 25th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $78.20.

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.