Arrowstreet Capital Limited Partnership Raises Stock Holdings in CECO Environmental Corp. $CECO

Key Points

• Arrowstreet Capital increased its CECO Environmental stake by 310.6% in the first quarter, ending with 115,242 shares valued at approximately $6.9 million. Institutional investors collectively own 68.08% of the company.
• CECO shares opened at $65.89, below their 50-day moving average of $84.12 and 200-day average of $73.45, while the stock has traded between $41.72 and $101.24 over the past year.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and an average price target of $106.71; however, the CFO and a director recently sold a combined 64,000 shares.

Arrowstreet Capital Limited Partnership lifted its stake in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 310.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,242 shares of the company's stock after acquiring an additional 87,173 shares during the period. Arrowstreet Capital Limited Partnership owned 0.32% of CECO Environmental worth $6,866,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Peregrine Asset Advisers Inc. lifted its stake in shares of CECO Environmental by 142.1% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 113,870 shares of the company's stock valued at $6,815,000 after buying an additional 66,843 shares during the period. Moran Wealth Management LLC grew its stake in CECO Environmental by 393.4% in the 1st quarter. Moran Wealth Management LLC now owns 56,953 shares of the company's stock worth $3,393,000 after acquiring an additional 45,411 shares during the period. Navellier & Associates Inc. grew its stake in CECO Environmental by 48.5% in the 4th quarter. Navellier & Associates Inc. now owns 42,455 shares of the company's stock worth $2,541,000 after acquiring an additional 13,860 shares during the period. Capital World Investors acquired a new position in CECO Environmental in the 4th quarter valued at $19,936,000. Finally, Kestra Private Wealth Services LLC acquired a new position in CECO Environmental in the 1st quarter valued at $556,000. Hedge funds and other institutional investors own 68.08% of the company's stock.

CECO Environmental Stock Performance

Shares of NASDAQ:CECO opened at $65.89 on Monday. The business has a 50-day moving average of $84.12 and a two-hundred day moving average of $73.45. The firm has a market capitalization of $2.36 billion, a PE ratio of 178.08 and a beta of 1.51. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18. CECO Environmental Corp. has a 12 month low of $41.72 and a 12 month high of $101.24.

Insider Transactions at CECO Environmental

In other CECO Environmental news, CFO Peter K. Johansson sold 30,000 shares of the business's stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the completion of the sale, the chief financial officer directly owned 40,746 shares in the company, valued at $3,931,581.54. The trade was a 42.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jason Dezwirek sold 34,000 shares of the business'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 approximately $16,037,260. This represents a 17.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 16.90% of the company's stock.

Analyst Upgrades and Downgrades

CECO has been the topic of a number of recent analyst reports. Northland Securities set a $118.00 price target on CECO Environmental in a research note on Friday, June 12th. Craig Hallum reaffirmed a "buy" rating and issued a $103.00 price objective on shares of CECO Environmental in a research report on Tuesday, April 28th. Weiss Ratings lowered CECO Environmental from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday. Lake Street Capital increased their target price on CECO Environmental from $80.00 to $111.00 and gave the stock a "buy" rating in a research report on Wednesday, June 10th. Finally, Needham & Company LLC raised their price target on CECO Environmental from $90.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, CECO Environmental presently has a consensus rating of "Buy" and an average price target of $106.71.

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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