Caption Management LLC Acquires New Stake in CECO Environmental Corp. $CECO

Key Points

• Caption Management LLC acquired 8,000 shares of CECO Environmental Corp. valued at approximately $182,000, adding to the growing institutional investments in the company.
• Hedge funds and institutional investors own 68.08% of CECO Environmental, with several analysts boosting their price targets, projecting a consensus target of $50.80.
• CECO Environmental recently reported earnings surpassing expectations, with a quarterly revenue of $185.39 million, and has set its fiscal year 2025 guidance at an anticipated EPS of 0.67.

Caption Management LLC bought a new stake in CECO Environmental Corp. (NASDAQ:CECO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,000 shares of the company's stock, valued at approximately $182,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in shares of CECO Environmental by 18.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,373 shares of the company's stock worth $344,000 after purchasing an additional 1,779 shares during the period. Northern Trust Corp raised its stake in CECO Environmental by 1.0% during the fourth quarter. Northern Trust Corp now owns 275,310 shares of the company's stock worth $8,323,000 after buying an additional 2,638 shares during the last quarter. Bank of America Corp DE lifted its holdings in CECO Environmental by 118.8% in the fourth quarter. Bank of America Corp DE now owns 100,484 shares of the company's stock valued at $3,038,000 after buying an additional 54,551 shares during the period. Deutsche Bank AG boosted its position in CECO Environmental by 52.2% during the fourth quarter. Deutsche Bank AG now owns 25,994 shares of the company's stock valued at $786,000 after acquiring an additional 8,910 shares during the last quarter. Finally, Fred Alger Management LLC grew its holdings in CECO Environmental by 3.5% during the 4th quarter. Fred Alger Management LLC now owns 323,819 shares of the company's stock worth $9,789,000 after acquiring an additional 11,009 shares during the period. Institutional investors own 68.08% of the company's stock.

Analysts Set New Price Targets

CECO has been the topic of a number of research analyst reports. HC Wainwright increased their price target on CECO Environmental from $33.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Needham & Company LLC lifted their price target on shares of CECO Environmental from $44.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Citigroup reiterated an "outperform" rating on shares of CECO Environmental in a report on Wednesday, July 30th. Lake Street Capital restated a "buy" rating and issued a $56.00 target price on shares of CECO Environmental in a research note on Wednesday, July 30th. Finally, Northland Securities set a $51.00 target price on CECO Environmental in a research report on Wednesday, July 30th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $50.80.

CECO Environmental Stock Down 3.3%

Shares of NASDAQ:CECO traded down $1.60 during midday trading on Friday, hitting $47.17. 620,170 shares of the company's stock were exchanged, compared to its average volume of 409,178. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.34 and a quick ratio of 1.13. The stock has a 50 day moving average price of $39.55 and a 200-day moving average price of $29.76. The company has a market cap of $1.67 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 2.75 and a beta of 1.32. CECO Environmental Corp. has a 12 month low of $17.57 and a 12 month high of $50.00.

CECO Environmental (NASDAQ:CECO - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.04. CECO Environmental had a return on equity of 10.00% and a net margin of 7.99%.The business had revenue of $185.39 million during the quarter, compared to analyst estimates of $178.66 million. CECO Environmental has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other CECO Environmental news, Director Richard F. Wallman acquired 3,000 shares of CECO Environmental stock in a transaction on Friday, August 29th. The stock was purchased at an average price of $44.25 per share, for a total transaction of $132,750.00. Following the purchase, the director directly owned 219,909 shares of the company's stock, valued at $9,730,973.25. This trade represents a 1.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Claudio A. Mannarino sold 20,000 shares of the firm's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $41.51, for a total value of $830,200.00. Following the sale, the director directly owned 77,589 shares of the company's stock, valued at approximately $3,220,719.39. This represents a 20.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,000 shares of company stock valued at $5,128,900. Insiders own 16.90% of the company's stock.

About CECO Environmental

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.