Gordian Capital Singapore Pte Ltd Has $1.13 Million Stock Position in CECO Environmental Corp. $CECO

Key Points

• Gordian Capital Singapore Pte Ltd reduced its stake in CECO Environmental Corp. by 28.1%, selling 18,598 shares and retaining a total of 47,500 shares valued at approximately $1.13 million.
• Multiple institutional investors increased their holdings in CECO, with Wellington Management Group LLP leading with a 74.6% increase, now owning 541,980 shares valued at $12.36 million.
• CECO Environmental's stock has been positively rated by analysts, with several price target upgrades, now averaging around $50.80, reflecting a consensus "Buy" recommendation.

Gordian Capital Singapore Pte Ltd cut its holdings in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 28.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,500 shares of the company's stock after selling 18,598 shares during the quarter. Gordian Capital Singapore Pte Ltd owned about 0.13% of CECO Environmental worth $1,126,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp purchased a new position in CECO Environmental during the fourth quarter worth approximately $56,000. Heck Capital Advisors LLC bought a new position in shares of CECO Environmental in the 4th quarter worth about $74,000. XTX Topco Ltd bought a new stake in CECO Environmental in the 1st quarter valued at about $217,000. ProShare Advisors LLC bought a new stake in CECO Environmental in the 4th quarter valued at about $249,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of CECO Environmental by 7.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,652 shares of the company's stock worth $266,000 after purchasing an additional 794 shares during the last quarter. Hedge funds and other institutional investors own 68.08% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CECO. Lake Street Capital restated a "buy" rating and issued a $56.00 price objective on shares of CECO Environmental in a research note on Wednesday, July 30th. Citigroup restated an "outperform" rating on shares of CECO Environmental in a report on Wednesday, July 30th. Northland Securities set a $51.00 price target on CECO Environmental in a research report on Wednesday, July 30th. Needham & Company LLC raised their target price on CECO Environmental from $44.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Finally, HC Wainwright lifted their price target on CECO Environmental from $33.00 to $55.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $50.80.

CECO Environmental Stock Performance

CECO traded down $0.07 during trading on Tuesday, hitting $45.52. The stock had a trading volume of 940,315 shares, compared to its average volume of 315,443. CECO Environmental Corp. has a twelve month low of $17.57 and a twelve month high of $48.58. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.34. The company's 50-day moving average price is $38.16 and its 200 day moving average price is $29.13. The firm has a market capitalization of $1.61 billion, a P/E ratio of 31.83, a PEG ratio of 2.65 and a beta of 1.32.

CECO Environmental (NASDAQ:CECO - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. CECO Environmental had a net margin of 7.99% and a return on equity of 10.00%. The company had revenue of $185.39 million during the quarter, compared to the consensus estimate of $178.66 million. CECO Environmental has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Insider Activity at CECO Environmental

In other CECO Environmental news, 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 value of $830,200.00. Following the transaction, the director directly owned 77,589 shares in the company, valued at $3,220,719.39. This represents a 20.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jason Dezwirek sold 70,000 shares of the company's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of $42.75, for a total transaction of $2,992,500.00. Following the sale, the director directly owned 230,000 shares of the company's stock, valued at approximately $9,832,500. This represents a 23.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 120,000 shares of company stock worth $5,128,900. 16.90% of the stock is owned by insiders.

About CECO Environmental

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.