Panoramic Capital LLC Takes Position in CECO Environmental Corp. $CECO

Key Points

• Panoramic Capital acquired 87,460 CECO Environmental shares worth approximately $7.94 million, making the stock 3.4% of its portfolio and its 10th-largest holding. Institutional investors and hedge funds collectively own 68.08% of CECO.
• CECO reported quarterly EPS of $0.47, beating estimates of $0.26, while revenue rose 53.7% year over year to $284.96 million. Analysts project full-year EPS of $2.35.
• Analyst sentiment remains a “Moderate Buy”, with eight buy ratings, one hold and one sell, and a consensus price target of $104.88 versus a recent share price of $70.33.

Panoramic Capital LLC acquired a new stake in CECO Environmental Corp. (NASDAQ:CECO - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 87,460 shares of the company's stock, valued at approximately $7,936,000. CECO Environmental makes up 3.4% of Panoramic Capital LLC's portfolio, making the stock its 10th largest holding. Panoramic Capital LLC owned 0.24% of CECO Environmental at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in CECO Environmental during the second quarter valued at approximately $392,358,000. Vanguard Group Inc. lifted its stake in shares of CECO Environmental by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company's stock worth $106,569,000 after buying an additional 9,840 shares during the last quarter. Jupiter Topco LLC bought a new stake in shares of CECO Environmental during the 2nd quarter worth $86,194,000. Dimensional Fund Advisors LP boosted its holdings in shares of CECO Environmental by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 903,291 shares of the company's stock worth $53,813,000 after buying an additional 7,751 shares during the period. Finally, Geode Capital Management LLC grew its stake in CECO Environmental by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 729,700 shares of the company's stock valued at $43,680,000 after buying an additional 8,734 shares during the last quarter. 68.08% of the stock is currently owned by institutional investors and hedge funds.

CECO Environmental Trading Up 0.1%

Shares of CECO stock opened at $70.33 on Thursday. CECO Environmental Corp. has a 1 year low of $42.78 and a 1 year high of $101.24. The firm's fifty day simple moving average is $79.32 and its 200 day simple moving average is $74.10. The firm has a market capitalization of $4.12 billion, a P/E ratio of -101.93 and a beta of 1.51. The company has a current ratio of 1.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34.

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, beating the consensus estimate of $0.26 by $0.21. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The firm had revenue of $284.96 million during the quarter, compared to analysts' expectations of $282.21 million. During the same period in the prior year, the company earned $0.26 EPS. The business's quarterly revenue was up 53.7% compared to the same quarter last year. As a group, sell-side analysts predict that CECO Environmental Corp. will post 2.35 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on CECO. Zacks Research lowered shares of CECO Environmental from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Northland Securities set a $125.00 price target on CECO Environmental in a research report on Thursday, August 13th. Weiss Ratings lowered CECO Environmental from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, August 12th. Lake Street Capital lifted their price objective on CECO Environmental from $80.00 to $111.00 and gave the stock a "buy" rating in a research note on Wednesday, June 10th. Finally, TD Cowen assumed coverage on CECO Environmental in a research report on Wednesday, August 5th. They set a "buy" rating and a $85.00 price objective for the company. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.88.

Insider Buying and Selling

In related news, CFO Peter K. Johansson sold 30,000 shares of the business's stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard F. Wallman purchased 20,000 shares of the business's stock in a transaction on Monday, June 1st. The stock was purchased at an average cost of $76.85 per share, with a total value of $1,537,000.00. Following the acquisition, the director owned 105,500 shares in the company, valued at approximately $8,107,675. This represents a 23.39% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 18.40% of the stock is owned by company insiders.

CECO Environmental 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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