SG Americas Securities LLC Boosts Stake in CECO Environmental Corp. $CECO

Key Points

• SG Americas Securities LLC boosted its stake in CECO by 638.3% in Q4, increasing its holding to 80,736 shares (about 0.23% of the company) valued at $4.83 million after buying an extra 69,800 shares.
• CECO reported Q4 revenue of $214.7 million, up 35.4% year-over-year, but missed EPS expectations ($0.08 vs. $0.43 consensus); the stock has a market cap of $2.19 billion, a P/E of 45.2, and a 52-week range of $17.57–$81.72.
• Analyst sentiment is generally positive with six Buys and two Holds, a consensus rating of "Moderate Buy" and a mean price target of $78.20, including upgrades pushing targets as high as $90.

SG Americas Securities LLC boosted its position in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 638.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,736 shares of the company's stock after purchasing an additional 69,800 shares during the period. SG Americas Securities LLC owned approximately 0.23% of CECO Environmental worth $4,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new position in shares of CECO Environmental during the third quarter valued at approximately $25,000. Aventura Private Wealth LLC bought a new stake in shares of CECO Environmental during the 4th quarter worth approximately $30,000. Advisory Services Network LLC purchased a new position in CECO Environmental during the 3rd quarter valued at $31,000. Global Retirement Partners LLC purchased a new position in CECO Environmental during the 3rd quarter valued at $50,000. Finally, First Horizon Corp bought a new position in CECO Environmental in the 3rd quarter valued at $64,000. Hedge funds and other institutional investors own 68.08% of the company's stock.

CECO Environmental Trading Up 3.2%

CECO opened at $61.50 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.65. The stock's fifty day moving average is $64.85 and its two-hundred day moving average is $58.26. The company has a market capitalization of $2.19 billion, a P/E ratio of 45.22 and a beta of 1.41. CECO Environmental Corp. has a 52 week low of $17.57 and a 52 week high of $81.72.

CECO Environmental (NASDAQ:CECO - Get Free Report) last issued its earnings results on Tuesday, February 24th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.35). The firm had revenue of $214.69 million during the quarter, compared to analysts' expectations of $205.39 million. CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.CECO Environmental's quarterly revenue was up 35.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. Analysts forecast that CECO Environmental Corp. will post 0.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. HC Wainwright increased their target price on CECO Environmental from $55.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, February 25th. Roth Mkm upped their price target on shares of CECO Environmental from $58.00 to $68.00 and gave the stock a "buy" rating in a report on Wednesday, February 25th. Weiss Ratings downgraded shares of CECO Environmental from a "buy (b-)" rating to a "hold (c)" rating in a research note on Wednesday, March 4th. Needham & Company LLC reiterated a "buy" rating and set a $80.00 price objective on shares of CECO Environmental in a report on Thursday, March 26th. Finally, Northland Securities boosted their price objective on shares of CECO Environmental from $60.00 to $73.00 and gave the company an "outperform" rating in a research report on Wednesday, December 24th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, CECO Environmental has a consensus rating of "Moderate Buy" and a consensus price target of $78.20.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.