Assenagon Asset Management S.A. Makes New Investment in CECO Environmental Corp. $CECO

Key Points

• Assenagon Asset Management acquired 219,789 CECO Environmental shares worth approximately $19.9 million, giving it a 0.61% stake. Institutional investors collectively own 68.08% of the company.
• Analysts remain broadly bullish, with an average “Buy” rating and a consensus price target of $104; recent targets range from $85 to $118.
• CECO shares opened at $70.92, while two insiders sold a combined 64,000 shares for roughly $6.18 million. The company has a $2.54 billion market capitalization and trades at a high P/E ratio of 191.68.

Assenagon Asset Management S.A. purchased a new stake in CECO Environmental Corp. (NASDAQ:CECO - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 219,789 shares of the company's stock, valued at approximately $19,944,000. Assenagon Asset Management S.A. owned approximately 0.61% of CECO Environmental as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in CECO Environmental in the third quarter worth $25,000. Morton Brown Family Wealth LLC bought a new position in CECO Environmental in the 1st quarter worth approximately $29,000. Advisory Services Network LLC bought a new position in CECO Environmental in the 3rd quarter worth approximately $31,000. GAMMA Investing LLC raised its holdings in CECO Environmental by 71.6% during the 2nd quarter. GAMMA Investing LLC now owns 369 shares of the company's stock worth $33,000 after purchasing an additional 154 shares during the last quarter. Finally, KBC Group NV acquired a new position in CECO Environmental in the first quarter valued at approximately $44,000. Institutional investors own 68.08% of the company's stock.

CECO Environmental Price Performance

CECO Environmental stock opened at $70.92 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78. CECO Environmental Corp. has a 1-year low of $42.78 and a 1-year high of $101.24. The company has a fifty day simple moving average of $82.73 and a 200 day simple moving average of $73.57. The company has a market cap of $2.54 billion, a P/E ratio of 191.68 and a beta of 1.51.

Analysts Set New Price Targets

CECO has been the topic of several recent research reports. Northland Securities set a $118.00 price target on CECO Environmental in a research report on Friday, June 12th. Craig Hallum restated a "buy" rating and set a $103.00 price objective on shares of CECO Environmental in a report on Tuesday, April 28th. Lake Street Capital upped their target price on shares of CECO Environmental from $80.00 to $111.00 and gave the company a "buy" rating in a research note on Wednesday, June 10th. Needham & Company LLC boosted their price target on shares of CECO Environmental from $90.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, June 10th. Finally, Roth Capital reiterated a "buy" rating and set a $85.00 target price on shares of CECO Environmental in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $104.00.

Insider Buying and Selling

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total value of $3,284,740.00. Following the completion of the sale, the director owned 166,000 shares in the company, valued at $16,037,260. This trade represents a 17.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Peter K. Johansson sold 30,000 shares of the stock in a transaction 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 owned 40,746 shares of the company's stock, valued at approximately $3,931,581.54. This represents a 42.41% decrease in their position. The SEC filing for this sale provides additional information. 18.40% of the stock is currently owned by corporate insiders.

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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