Capital World Investors Purchases Shares of 333,098 CECO Environmental Corp. $CECO

Capital World Investors purchased a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 333,098 shares of the company’s stock, valued at approximately $19,936,000. Capital World Investors owned approximately 0.93% of CECO Environmental as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CECO. American Century Companies Inc. lifted its position in CECO Environmental by 16,844.6% during the third quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock valued at $64,399,000 after buying an additional 1,250,373 shares in the last quarter. Two Sigma Investments LP lifted its position in CECO Environmental by 3,620.8% during the third quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock valued at $15,498,000 after buying an additional 294,556 shares in the last quarter. UBS Group AG lifted its position in CECO Environmental by 449.0% during the fourth quarter. UBS Group AG now owns 267,288 shares of the company’s stock valued at $15,997,000 after buying an additional 218,599 shares in the last quarter. Thrivent Financial for Lutherans lifted 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 valued at $40,229,000 after buying an additional 178,892 shares in the last quarter. Finally, Castleark Management LLC acquired a new position in CECO Environmental during the third quarter valued at approximately $7,853,000. 68.08% of the stock is owned by institutional investors and hedge funds.

CECO Environmental Trading Up 18.5%

NASDAQ CECO opened at $95.44 on Wednesday. The company’s fifty day simple moving average is $73.71 and its 200-day simple moving average is $66.24. CECO Environmental Corp. has a 52 week low of $26.32 and a 52 week high of $95.68. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78. The stock has a market cap of $3.42 billion, a P/E ratio of 257.95 and a beta of 1.49.

CECO Environmental (NASDAQ:CECO) last posted its earnings results on Tuesday, April 28th. The company reported $0.36 EPS 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 analysts’ expectations of $198.88 million. During the same period in the previous year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. Equities research analysts predict that CECO Environmental Corp. will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CECO shares. Roth Mkm reaffirmed a “buy” rating and set a $85.00 price target on shares of CECO Environmental in a research report on Wednesday, April 29th. Zacks Research raised shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Weiss Ratings cut shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Craig Hallum reissued a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a research report on Tuesday, April 28th. Finally, Needham & Company LLC boosted their target price on shares of CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $86.83.

Insider Activity

In related news, Director Richard F. Wallman purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average price of $76.85 per share, for a total transaction of $1,537,000.00. Following the completion of the purchase, the director owned 105,500 shares in the company, valued at approximately $8,107,675. This represents a 23.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 16.90% of the company’s stock.

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.