Counterpoint Mutual Funds LLC Increases Stock Holdings in CECO Environmental Corp. $CECO

Counterpoint Mutual Funds LLC raised its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 75.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,744 shares of the company’s stock after purchasing an additional 6,334 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in CECO Environmental were worth $878,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Morton Brown Family Wealth LLC purchased a new position in shares of CECO Environmental in the first quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new stake in CECO Environmental during the third quarter valued at approximately $25,000. Aventura Private Wealth LLC purchased a new stake in CECO Environmental during the fourth quarter valued at approximately $30,000. Advisory Services Network LLC bought a new position in CECO Environmental in the third quarter worth approximately $31,000. Finally, Strs Ohio bought a new position in CECO Environmental in the first quarter worth approximately $66,000. Institutional investors own 68.08% of the company’s stock.

CECO Environmental Price Performance

NASDAQ CECO opened at $82.15 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78. CECO Environmental Corp. has a 12 month low of $28.68 and a 12 month high of $101.24. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 222.03 and a beta of 1.47. The company’s 50 day moving average is $84.58 and its two-hundred day moving average is $71.04.

CECO Environmental (NASDAQ:CECO) last posted its quarterly 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. The business had revenue of $205.92 million during the quarter, compared to analyst estimates of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The company’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. As a group, research analysts anticipate that CECO Environmental Corp. will post 1.96 earnings per share for the current year.

Insider Activity at CECO Environmental

In related news, CFO Peter K. Johansson sold 30,000 shares of CECO Environmental stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the transaction, the chief financial officer owned 40,746 shares in the company, valued at approximately $3,931,581.54. The trade was a 42.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jason Dezwirek sold 34,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the completion of the transaction, the director directly owned 166,000 shares of the company’s stock, valued at $16,037,260. This represents a 17.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 18.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CECO. Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Needham & Company LLC upped their price objective on CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Craig Hallum reaffirmed a “buy” rating and issued a $103.00 target price on shares of CECO Environmental in a report on Tuesday, April 28th. Weiss Ratings downgraded CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Finally, Northland Securities set a $118.00 price target on CECO Environmental in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, CECO Environmental has an average rating of “Buy” and an average price target of $102.83.

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.