CECO Environmental Corp. $CECO Shares Bought by Legal & General Group Plc

Legal & General Group Plc grew its position in CECO Environmental Corp. (NASDAQ:CECO) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 418,255 shares of the company’s stock after acquiring an additional 12,074 shares during the quarter. Legal & General Group Plc owned about 1.17% of CECO Environmental worth $25,033,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its stake in CECO Environmental by 16,844.6% in the 3rd quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock valued at $64,399,000 after purchasing an additional 1,250,373 shares during the last quarter. Two Sigma Investments LP grew its holdings in shares of CECO Environmental by 3,620.8% during the third quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock worth $15,498,000 after buying an additional 294,556 shares in the last quarter. UBS Group AG lifted its stake in shares of CECO Environmental by 449.0% in the fourth quarter. UBS Group AG now owns 267,288 shares of the company’s stock worth $15,997,000 after buying an additional 218,599 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in CECO Environmental by 36.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 672,147 shares of the company’s stock worth $40,229,000 after acquiring an additional 178,892 shares during the last quarter. Finally, Castleark Management LLC purchased a new stake in CECO Environmental during the 3rd quarter valued at about $7,853,000. 68.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Roth Mkm reissued a “buy” rating and issued a $85.00 target price on shares of CECO Environmental in a research note on Wednesday, April 29th. Lake Street Capital restated a “buy” rating and issued a $80.00 price target on shares of CECO Environmental in a research report on Wednesday, February 25th. Craig Hallum reiterated a “buy” rating and set a $103.00 price objective on shares of CECO Environmental in a research report on Tuesday, April 28th. Needham & Company LLC boosted their price objective on CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $86.83.

CECO Environmental Stock Performance

NASDAQ:CECO opened at $74.75 on Monday. The company’s 50-day moving average is $70.62 and its two-hundred day moving average is $64.69. CECO Environmental Corp. has a 1-year low of $25.96 and a 1-year high of $92.00. 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 firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 202.03 and a beta of 1.49.

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

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.