31,524 Shares in CECO Environmental Corp. $CECO Bought by Expect Equity LLC

Key Points

• Expect Equity LLC acquired 31,524 CECO Environmental shares in the second quarter, worth approximately $2.86 million and representing 0.09% of the company. Institutional investors collectively own 68.08% of CECO.
• Analyst sentiment remains favorable, with eight Buy ratings and a consensus “Moderate Buy” rating; the average price target is $104.88, despite one Hold and one Sell rating.
• CECO reported strong quarterly results, with EPS of $0.47 versus the $0.26 consensus estimate and revenue growth of 53.7% year over year to $284.96 million. Shares opened at $70.27, down 1.4%, after trading between $42.78 and $101.24 over the past year.

Expect Equity LLC acquired a new stake in CECO Environmental Corp. (NASDAQ:CECO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 31,524 shares of the company's stock, valued at approximately $2,860,000. CECO Environmental makes up approximately 1.8% of Expect Equity LLC's holdings, making the stock its 20th biggest position. Expect Equity LLC owned 0.09% of CECO Environmental as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CECO. Allworth Financial LP bought a new stake in CECO Environmental in the second quarter valued at about $29,000. GAMMA Investing LLC boosted its holdings in CECO Environmental by 71.6% during the second quarter. GAMMA Investing LLC now owns 369 shares of the company's stock valued at $33,000 after purchasing an additional 154 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new stake in CECO Environmental during the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of CECO Environmental in the 3rd quarter valued at approximately $25,000. Finally, Advisory Services Network LLC bought a new stake in shares of CECO Environmental in the 3rd quarter valued at approximately $31,000. 68.08% of the stock is owned by institutional investors.

Insider Transactions at CECO Environmental

In related news, Director Jason Dezwirek sold 34,000 shares of CECO Environmental stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total value of $3,284,740.00. Following the completion of the transaction, the director directly owned 166,000 shares of the company's stock, valued at $16,037,260. The trade was a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard F. Wallman purchased 20,000 shares of CECO Environmental stock in a transaction that occurred on Monday, June 1st. The shares were bought at an average price of $76.85 per share, for a total transaction of $1,537,000.00. Following the transaction, the director owned 105,500 shares in the company, valued at $8,107,675. This represents a 23.39% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 16.90% of the company's stock.

Wall Street Analysts Forecast Growth

CECO has been the subject of several analyst reports. Northland Securities set a $125.00 target price on CECO Environmental in a research report on Thursday, August 13th. Needham & Company LLC reiterated a "buy" rating and issued a $110.00 price target on shares of CECO Environmental in a research report on Tuesday, August 11th. TD Cowen assumed coverage on CECO Environmental in a research note on Wednesday, August 5th. They set a "buy" rating and a $85.00 price objective for the company. Zacks Research downgraded shares of CECO Environmental from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Finally, Lake Street Capital upped their target price on shares of CECO Environmental from $80.00 to $111.00 and gave the stock a "buy" rating in a report on Wednesday, June 10th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.88.

CECO Environmental Stock Down 1.4%

Shares of CECO opened at $70.27 on Wednesday. The company has a market capitalization of $4.12 billion, a P/E ratio of -101.84 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 1.18. CECO Environmental Corp. has a one year low of $42.78 and a one year high of $101.24. The business's 50 day simple moving average is $79.80 and its 200-day simple moving average is $74.09.

CECO Environmental (NASDAQ:CECO - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.47 earnings per share for the quarter, beating 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 firm had revenue of $284.96 million during the quarter, compared to analysts' expectations of $282.21 million. During the same period last year, the firm posted $0.26 EPS. The business's revenue was up 53.7% on a year-over-year basis. As a group, sell-side analysts predict that CECO Environmental Corp. will post 2.35 EPS for the current fiscal 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.

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