23,585 Shares in CECO Environmental Corp. $CECO Acquired by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. acquired a new position in CECO Environmental Corp. (NASDAQ:CECO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,585 shares of the company’s stock, valued at approximately $1,412,000. Cookson Peirce & Co. Inc. owned 0.07% of CECO Environmental at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of CECO Environmental in the third quarter worth approximately $25,000. Aventura Private Wealth LLC acquired a new position in shares of CECO Environmental in the fourth quarter worth approximately $30,000. Advisory Services Network LLC acquired a new position in shares of CECO Environmental in the third quarter worth approximately $31,000. Comerica Bank lifted its stake in shares of CECO Environmental by 10,578.6% in the fourth quarter. Comerica Bank now owns 1,495 shares of the company’s stock worth $89,000 after acquiring an additional 1,481 shares during the period. Finally, USA Financial Formulas acquired a new position in shares of CECO Environmental in the fourth quarter worth approximately $90,000. 68.08% of the stock is owned by institutional investors and hedge funds.

CECO Environmental Price Performance

Shares of CECO opened at $78.02 on Monday. CECO Environmental Corp. has a 52-week low of $25.96 and a 52-week high of $92.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33. The business’s 50 day moving average price is $72.63 and its two-hundred day moving average price is $65.70. The firm has a market cap of $2.80 billion, a PE ratio of 210.86 and a beta of 1.49.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The firm had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The company’s revenue was up 16.5% compared to the same quarter last year. On average, equities analysts anticipate that CECO Environmental Corp. will post 1.77 EPS for the current year.

Insider Buying and Selling at CECO Environmental

In other news, Director Richard F. Wallman bought 20,000 shares of the stock in a transaction dated Monday, June 1st. The shares were bought at an average cost of $76.85 per share, with a total value of $1,537,000.00. Following the completion of the transaction, the director directly owned 105,500 shares of the company’s stock, valued at $8,107,675. This trade represents a 23.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. HC Wainwright lifted their price objective on CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Needham & Company LLC boosted their price target on CECO Environmental from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Craig Hallum reissued a “buy” rating and issued a $103.00 price target on shares of CECO Environmental in a research note on Tuesday, April 28th. Lake Street Capital reissued a “buy” rating and issued a $80.00 price target on shares of CECO Environmental in a research note on Wednesday, February 25th. Finally, Roth Mkm reissued a “buy” rating and issued a $85.00 price target on shares of CECO Environmental in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, CECO Environmental currently has an average rating of “Buy” and a consensus price target of $86.83.

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.