CECO Environmental Corp. $CECO Position Boosted by Bessemer Group Inc.

Bessemer Group Inc. increased its position in CECO Environmental Corp. (NASDAQ:CECO) by 108,147.0% in the first quarter, Holdings Channel reports. The firm owned 216,494 shares of the company’s stock after purchasing an additional 216,294 shares during the quarter. Bessemer Group Inc.’s holdings in CECO Environmental were worth $12,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in CECO Environmental during the third quarter valued at approximately $25,000. Morton Brown Family Wealth LLC bought a new position in CECO Environmental during the 1st quarter worth approximately $29,000. Aventura Private Wealth LLC acquired a new position in shares of CECO Environmental in the 4th quarter worth approximately $30,000. Advisory Services Network LLC acquired a new position in shares of CECO Environmental in the 3rd quarter worth approximately $31,000. Finally, Strs Ohio bought a new stake in shares of CECO Environmental in the 1st quarter valued at approximately $66,000. 68.08% of the stock is owned by institutional investors.

CECO Environmental Price Performance

NASDAQ:CECO opened at $79.93 on Monday. The firm has a market capitalization of $2.87 billion, a PE ratio of 216.03 and a beta of 1.47. The stock has a 50 day moving average of $85.78 and a 200-day moving average of $72.58. CECO Environmental Corp. has a 52 week low of $31.00 and a 52 week high of $101.24. 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 (NASDAQ:CECO) last announced 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 for the quarter, compared to analysts’ expectations of $198.88 million. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The business’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. Analysts predict that CECO Environmental Corp. will post 1.97 EPS for the current year.

Insider Buying and Selling

In other CECO Environmental news, CFO Peter K. Johansson sold 30,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total value of $2,894,700.00. Following the sale, the chief financial officer directly owned 40,746 shares in the company, valued at approximately $3,931,581.54. This trade represents a 42.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 cost of $76.85 per share, with a total value of $1,537,000.00. Following the acquisition, the director owned 105,500 shares of the company’s stock, valued at approximately $8,107,675. This trade represents a 23.39% increase in their position. The SEC filing for this purchase provides additional information. 18.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CECO. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Craig Hallum reaffirmed a “buy” rating and issued a $103.00 price objective on shares of CECO Environmental in a report on Tuesday, April 28th. Weiss Ratings lowered shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Needham & Company LLC increased their target price on shares of CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, Northland Securities set a $118.00 price target on shares of CECO Environmental in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, CECO Environmental has a consensus rating of “Buy” and a consensus price target of $106.71.

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.