166,997 Shares in CECO Environmental Corp. $CECO Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp purchased a new stake in CECO Environmental Corp. (NASDAQ:CECO - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 166,997 shares of the company's stock, valued at approximately $15,153,000. Bank of New York Mellon Corp owned approximately 0.47% of CECO Environmental at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of CECO Environmental by 71.6% in the second quarter. GAMMA Investing LLC now owns 369 shares of the company's stock valued at $33,000 after acquiring an additional 154 shares in the last quarter. ProShare Advisors LLC increased its position in shares of CECO Environmental by 8.0% during the fourth quarter. ProShare Advisors LLC now owns 5,390 shares of the company's stock worth $323,000 after purchasing an additional 399 shares in the last quarter. Osaic Holdings Inc. raised its stake in CECO Environmental by 3.5% in the 2nd quarter. Osaic Holdings Inc. now owns 12,297 shares of the company's stock valued at $348,000 after purchasing an additional 412 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in CECO Environmental in the 1st quarter valued at $29,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in CECO Environmental in the 3rd quarter valued at $25,000. 68.08% of the stock is currently owned by institutional investors and hedge funds.

CECO Environmental Stock Performance

NASDAQ CECO opened at $71.20 on Tuesday. The stock's fifty day moving average is $77.64 and its two-hundred day moving average is $74.06. The firm has a market capitalization of $4.17 billion, a P/E ratio of -103.19 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50. CECO Environmental Corp. has a fifty-two week low of $42.78 and a fifty-two week high of $101.24.

CECO Environmental (NASDAQ:CECO - Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.21. CECO Environmental had a positive return on equity of 7.36% and a negative net margin of 3.39%.The business had revenue of $284.96 million during the quarter, compared to the consensus estimate of $282.21 million. During the same period last year, the company earned $0.26 EPS. The company's revenue for the quarter was up 53.7% on a year-over-year basis. On average, research analysts anticipate that CECO Environmental Corp. will post 2.35 earnings per share for the current year.

Wall Street Analyst Weigh In

CECO has been the topic of several recent research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $110.00 target price on shares of CECO Environmental in a research note on Tuesday, August 11th. Zacks Research cut shares of CECO Environmental from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Lake Street Capital raised 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. Northland Securities set a $125.00 price target on shares of CECO Environmental in a research report on Thursday, August 13th. Finally, Weiss Ratings raised shares of CECO Environmental from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, CECO Environmental has a consensus rating of "Moderate Buy" and a consensus target price of $104.88.

Insider Activity

In other news, CFO Peter K. Johansson sold 30,000 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total value of $2,894,700.00. Following the completion of the sale, the chief financial officer owned 40,746 shares of the company's stock, valued at $3,931,581.54. This represents a 42.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jason Dezwirek sold 34,000 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 166,000 shares of the company's stock, valued at $16,037,260. This represents a 17.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 16.90% of the company's stock.

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.

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