BNP Paribas Financial Markets Boosts Holdings in CECO Environmental Corp. $CECO

BNP Paribas Financial Markets raised its holdings in CECO Environmental Corp. (NASDAQ:CECO) by 94.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 176,885 shares of the company’s stock after acquiring an additional 85,768 shares during the period. BNP Paribas Financial Markets’ holdings in CECO Environmental were worth $10,587,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in CECO Environmental by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 729,700 shares of the company’s stock valued at $43,680,000 after purchasing an additional 8,734 shares during the last quarter. Legal & General Group Plc grew its position in shares of CECO Environmental by 3.0% during the 4th quarter. Legal & General Group Plc now owns 418,255 shares of the company’s stock valued at $25,033,000 after acquiring an additional 12,074 shares during the period. William Blair Investment Management LLC grew its position in shares of CECO Environmental by 3.0% during the 4th quarter. William Blair Investment Management LLC now owns 706,273 shares of the company’s stock valued at $42,270,000 after acquiring an additional 20,531 shares during the period. Lisanti Capital Growth LLC acquired a new stake in shares of CECO Environmental during the 4th quarter valued at about $5,041,000. Finally, Legato Capital Management LLC grew its position in shares of CECO Environmental by 77.9% during the 4th quarter. Legato Capital Management LLC now owns 81,123 shares of the company’s stock valued at $4,855,000 after acquiring an additional 35,529 shares during the period. 68.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CECO Environmental

In other news, Director Richard F. Wallman purchased 20,000 shares of CECO Environmental stock in a transaction dated Monday, June 1st. The shares were purchased at an average price of $76.85 per share, with a total value of $1,537,000.00. Following the transaction, the director owned 105,500 shares in the company, valued at $8,107,675. This represents a 23.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.90% of the company’s stock.

CECO Environmental Trading Up 3.2%

CECO opened at $80.53 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18. The company’s 50 day simple moving average is $73.02 and its two-hundred day simple moving average is $65.93. CECO Environmental Corp. has a 1-year low of $25.96 and a 1-year high of $92.00. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 217.65 and a beta of 1.49.

CECO Environmental (NASDAQ:CECO) last released its earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.24. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The business had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. During the same period last year, the company posted $0.10 EPS. The business’s revenue was up 16.5% on a year-over-year basis. Analysts expect that CECO Environmental Corp. will post 1.77 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CECO shares. Roth Mkm restated a “buy” rating and set a $85.00 target price on shares of CECO Environmental in a research report on Wednesday, April 29th. HC Wainwright raised their price target 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. Needham & Company LLC lifted their price objective on CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings cut CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Finally, Zacks Research upgraded CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $86.83.

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.