CECO Environmental Corp. $CECO Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in shares of CECO Environmental Corp. (NASDAQ:CECO) by 24.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 146,701 shares of the company’s stock after selling 47,621 shares during the period. Allspring Global Investments Holdings LLC’s holdings in CECO Environmental were worth $8,740,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Calamos Advisors LLC boosted its holdings in CECO Environmental by 9.7% in the 1st quarter. Calamos Advisors LLC now owns 58,053 shares of the company’s stock valued at $3,459,000 after purchasing an additional 5,143 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its position in CECO Environmental by 20.5% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 314,005 shares of the company’s stock worth $18,708,000 after purchasing an additional 53,407 shares during the period. Emerald Advisers LLC raised its stake in shares of CECO Environmental by 14.1% during the 1st quarter. Emerald Advisers LLC now owns 523,017 shares of the company’s stock worth $31,161,000 after buying an additional 64,492 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of CECO Environmental by 22.2% during the 1st quarter. Principal Financial Group Inc. now owns 34,485 shares of the company’s stock worth $2,055,000 after buying an additional 6,260 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of CECO Environmental in the 1st quarter valued at approximately $69,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on CECO Environmental in a research note on Thursday, July 9th. They issued an “overweight” rating and a $130.00 price target on the stock. Weiss Ratings cut 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 issued a $103.00 target price on shares of CECO Environmental in a report on Tuesday, April 28th. Northland Securities set a $118.00 target price on shares of CECO Environmental in a research report on Friday, June 12th. Finally, Lake Street Capital upped their price target on shares of CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, CECO Environmental currently has a consensus rating of “Buy” and a consensus target price of $106.71.

Insider Buying and Selling

In other news, Director Richard F. Wallman bought 20,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were bought at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the completion of the transaction, the director owned 105,500 shares in the company, valued at $8,107,675. This trade represents a 23.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jason Dezwirek sold 34,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total value of $3,284,740.00. Following the completion of the sale, the director directly owned 166,000 shares in the company, valued at $16,037,260. This trade represents a 17.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 18.40% of the stock is currently owned by insiders.

CECO Environmental Price Performance

CECO stock opened at $81.82 on Thursday. The firm has a 50 day moving average of $85.73 and a 200-day moving average of $73.02. CECO Environmental Corp. has a 12-month low of $32.07 and a 12-month 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. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 221.14 and a beta of 1.47.

CECO Environmental (NASDAQ:CECO) last announced its quarterly 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 business had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 EPS. As a group, equities analysts expect that CECO Environmental Corp. will post 1.97 EPS for the current fiscal 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.