OP Asset Management Ltd Purchases New Stake in CECO Environmental Corp. $CECO

OP Asset Management Ltd acquired a new position in shares of CECO Environmental Corp. (NASDAQ:CECO) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,248 shares of the company’s stock, valued at approximately $551,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in shares of CECO Environmental by 15.6% during the first quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock worth $335,000 after purchasing an additional 1,982 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CECO Environmental by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock valued at $398,000 after buying an additional 790 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of CECO Environmental by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 93,137 shares of the company’s stock valued at $2,124,000 after buying an additional 5,000 shares during the period. Jane Street Group LLC bought a new stake in shares of CECO Environmental during the 1st quarter valued at about $1,047,000. Finally, Rhumbline Advisers grew its position in shares of CECO Environmental by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock valued at $1,221,000 after buying an additional 991 shares during the last quarter. Institutional investors and hedge funds own 68.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CECO shares. Craig Hallum reissued a “buy” rating and issued a $103.00 target price on shares of CECO Environmental in a report on Tuesday, April 28th. Northland Securities set a $118.00 price target on CECO Environmental in a research report on Friday, June 12th. Roth Mkm reiterated a “buy” rating and set a $85.00 price target on shares of CECO Environmental in a research report on Wednesday, April 29th. Needham & Company LLC raised their price target on CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, Weiss Ratings downgraded CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $102.83.

Insider Buying and Selling

In other CECO Environmental news, Director Richard F. Wallman bought 20,000 shares of the business’s stock in a transaction on 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 purchase, the director directly owned 105,500 shares of the company’s stock, valued at approximately $8,107,675. The trade was a 23.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jason Dezwirek sold 34,000 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total value of $3,284,740.00. Following the transaction, the director owned 166,000 shares of the company’s stock, valued at $16,037,260. This trade represents a 17.00% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 16.90% of the company’s stock.

CECO Environmental Trading Up 0.7%

CECO Environmental stock opened at $90.74 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $83.39 and a two-hundred day moving average price of $70.64. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 245.24 and a beta of 1.49. CECO Environmental Corp. has a 52-week low of $28.26 and a 52-week high of $101.24.

CECO Environmental (NASDAQ:CECO) last posted its earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.12 by $0.24. The firm had revenue of $205.92 million during the quarter, compared to analysts’ expectations of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. CECO Environmental’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. Sell-side analysts expect that CECO Environmental Corp. will post 1.96 earnings per share for the current year.

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.