De Lisle Partners LLP Purchases Shares of 81,441 CECO Environmental Corp. $CECO

De Lisle Partners LLP acquired a new position in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 81,441 shares of the company's stock, valued at approximately $7,389,000. De Lisle Partners LLP owned 0.23% of CECO Environmental as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new stake in CECO Environmental during the 3rd quarter worth $25,000. Morton Brown Family Wealth LLC purchased a new position in CECO Environmental in the first quarter valued at about $29,000. Allworth Financial LP acquired a new position in shares of CECO Environmental during the second quarter worth about $29,000. Advisory Services Network LLC acquired a new position in shares of CECO Environmental during the third quarter worth about $31,000. Finally, GAMMA Investing LLC lifted its stake in shares of CECO Environmental by 71.6% during the second quarter. GAMMA Investing LLC now owns 369 shares of the company's stock worth $33,000 after purchasing an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 68.08% of the company's stock.

CECO Environmental Stock Down 2.0%

Shares of CECO Environmental stock opened at $71.52 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.50 and a debt-to-equity ratio of 0.34. The firm has a market cap of $4.19 billion, a P/E ratio of -103.65 and a beta of 1.51. CECO Environmental Corp. has a fifty-two week low of $42.78 and a fifty-two week high of $101.24. The business has a 50-day moving average price of $80.72 and a 200 day moving average price of $74.03.

CECO Environmental (NASDAQ:CECO - Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.21. CECO Environmental had a positive return on equity of 7.36% and a negative net margin of 3.39%.The company had revenue of $284.96 million for the quarter, compared to the consensus estimate of $282.21 million. During the same quarter last year, the business posted $0.26 EPS. CECO Environmental's quarterly revenue was up 53.7% compared to the same quarter last year. On average, sell-side analysts forecast that CECO Environmental Corp. will post 2.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the business's stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total transaction 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. The trade was a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman bought 20,000 shares of the company's stock in a transaction on Monday, June 1st. The shares were acquired at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the completion of the acquisition, the director directly owned 105,500 shares of the company's stock, valued at $8,107,675. This trade represents a 23.39% increase in their position. The SEC filing for this purchase provides additional information. 18.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on CECO. 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. JPMorgan Chase & Co. began coverage on CECO Environmental in a report on Thursday, July 9th. They issued an "overweight" rating and a $130.00 price target for the company. Needham & Company LLC reiterated a "buy" rating and set a $110.00 price objective on shares of CECO Environmental in a research note on Tuesday, August 11th. Zacks Research cut shares of CECO Environmental from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Finally, TD Cowen began coverage on shares of CECO Environmental in a research note on Wednesday, August 5th. They issued a "buy" rating and a $85.00 target price for the company. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, CECO Environmental presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.88.

About CECO Environmental

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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