Boston Partners Takes $539,000 Position in CECO Environmental Corp. $CECO

Boston Partners purchased a new position in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 23,641 shares of the company's stock, valued at approximately $539,000. Boston Partners owned approximately 0.07% of CECO Environmental at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mackenzie Financial Corp purchased a new position in shares of CECO Environmental during the 4th quarter worth $56,000. Heck Capital Advisors LLC purchased a new position in CECO Environmental in the 4th quarter valued at about $74,000. XTX Topco Ltd bought a new position in shares of CECO Environmental during the first quarter worth about $217,000. ProShare Advisors LLC bought a new position in shares of CECO Environmental during the fourth quarter worth about $249,000. Finally, Two Sigma Securities LLC bought a new position in CECO Environmental in the fourth quarter worth about $262,000. Hedge funds and other institutional investors own 68.08% of the company's stock.

CECO Environmental Trading Up 2.8%

CECO Environmental stock traded up $1.2950 during midday trading on Friday, reaching $47.8850. The stock had a trading volume of 169,217 shares, compared to its average volume of 308,742. The firm's fifty day simple moving average is $35.65 and its two-hundred day simple moving average is $28.13. CECO Environmental Corp. has a twelve month low of $17.57 and a twelve month high of $48.31. 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 firm has a market cap of $1.69 billion, a price-to-earnings ratio of 33.51, a PEG ratio of 2.63 and a beta of 1.39.

CECO Environmental (NASDAQ:CECO - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.04. CECO Environmental had a net margin of 7.99% and a return on equity of 10.00%. The firm 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. Equities analysts anticipate that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jason Dezwirek sold 70,000 shares of the company's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $42.75, for a total value of $2,992,500.00. Following the sale, the director owned 230,000 shares of the company's stock, valued at $9,832,500. The trade was a 23.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Claudio A. Mannarino sold 20,000 shares of the company's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $41.51, for a total transaction of $830,200.00. Following the sale, the director directly owned 77,589 shares in the company, valued at $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. Insiders have sold a total of 120,000 shares of company stock worth $5,128,900 in the last 90 days. 18.40% of the stock is owned by insiders.

Analysts Set New Price Targets

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

CECO Environmental Profile

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.