Allspring Global Investments Holdings LLC Lowers Position in CECO Environmental Corp. $CECO

Key Points

• Allspring Global Investments trimmed its CECO Environmental stake by 16.1% in Q4, selling 37,408 shares and ending the period with 194,322 shares (about 0.55% of the company) valued at $11.63 million.
• Other institutions aggressively added positions—American Century now holds 1,257,796 shares (~$64.4M) and Two Sigma added 302,691 shares—leaving institutional investors with roughly 68.08% ownership.
• CECO missed Q EPS estimates ($0.08 vs. $0.43) but topped revenue forecasts ($214.7M), has a $2.22B market cap and a P/E of 45.7, and carries an average analyst rating of "Moderate Buy" with a $78.20 target.

Allspring Global Investments Holdings LLC lessened its stake in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,322 shares of the company's stock after selling 37,408 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.55% of CECO Environmental worth $11,630,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. lifted its stake in CECO Environmental by 16,844.6% during the 3rd quarter. American Century Companies Inc. now owns 1,257,796 shares of the company's stock valued at $64,399,000 after acquiring an additional 1,250,373 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of CECO Environmental by 3,620.8% in the 3rd quarter. Two Sigma Investments LP now owns 302,691 shares of the company's stock worth $15,498,000 after acquiring an additional 294,556 shares in the last quarter. Osterweis Capital Management Inc. bought a new stake in shares of CECO Environmental in the 2nd quarter worth $7,175,000. Castleark Management LLC purchased a new stake in shares of CECO Environmental in the third quarter valued at about $7,853,000. Finally, Divisadero Street Capital Management LP purchased a new stake in shares of CECO Environmental in the third quarter valued at about $7,680,000. Hedge funds and other institutional investors own 68.08% of the company's stock.

CECO Environmental Price Performance

Shares of NASDAQ:CECO opened at $62.18 on Monday. The company's 50-day moving average is $64.61 and its 200 day moving average is $58.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.34. The company has a market capitalization of $2.22 billion, a P/E ratio of 45.72 and a beta of 1.41. CECO Environmental Corp. has a fifty-two week low of $17.57 and a fifty-two week high of $81.72.

CECO Environmental (NASDAQ:CECO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.35). CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.The company had revenue of $214.69 million for the quarter, compared to analysts' expectations of $205.39 million. During the same quarter last year, the business posted $0.27 EPS. The business's quarterly revenue was up 35.4% on a year-over-year basis. On average, equities research analysts forecast that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Lake Street Capital restated a "buy" rating and set a $80.00 price target on shares of CECO Environmental in a report on Wednesday, February 25th. Weiss Ratings lowered shares of CECO Environmental from a "buy (b-)" rating to a "hold (c)" rating in a research note on Wednesday, March 4th. Northland Securities lifted their target price on shares of CECO Environmental from $60.00 to $73.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 24th. Needham & Company LLC restated a "buy" rating and issued a $80.00 target price on shares of CECO Environmental in a research note on Thursday, March 26th. Finally, Roth Mkm upped their target price on CECO Environmental from $58.00 to $68.00 and gave the company a "buy" rating in a report on Wednesday, February 25th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $78.20.

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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