UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $7.65 Million Stake in CECO Environmental Corp. $CECO

Key Points

• UBS Asset Management increased its CECO Environmental stake by 39.7% in the second quarter, bringing its holdings to 84,269 shares worth approximately $7.65 million. Institutional investors collectively own 68.08% of the company.
• Analysts maintain a generally positive outlook, with eight Buy ratings and two Holds. CECO has a consensus “Moderate Buy” rating and an average price target of $104.88, above its reported $74.10 share price.
• CECO exceeded quarterly expectations, reporting $0.47 in adjusted earnings per share versus a $0.26 consensus estimate and $284.96 million in revenue, up 53.7% year over year. However, company insiders sold shares, including a $3.28 million sale by a director and a $2.89 million sale by the CFO.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 39.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 84,269 shares of the company's stock after acquiring an additional 23,959 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of CECO Environmental worth $7,647,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp bought a new position in CECO Environmental in the second quarter valued at about $3,203,000. Hsbc Holdings PLC bought a new stake in shares of CECO Environmental during the second quarter worth about $1,958,000. Formula Growth Ltd. acquired a new position in shares of CECO Environmental in the second quarter valued at approximately $5,005,000. Public Employees Retirement System of Ohio acquired a new position in shares of CECO Environmental in the second quarter valued at approximately $7,410,000. Finally, Panoramic Capital LLC bought a new position in CECO Environmental in the 2nd quarter valued at approximately $7,936,000. Institutional investors and hedge funds own 68.08% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on CECO shares. Zacks Research downgraded shares of CECO Environmental from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. assumed coverage on shares of CECO Environmental in a research report on Thursday, July 9th. They issued an "overweight" rating and a $130.00 price target for the company. Lake Street Capital raised their price target on shares of CECO Environmental from $80.00 to $111.00 and gave the company a "buy" rating in a research note on Wednesday, June 10th. Northland Securities set a $125.00 price target on shares of CECO Environmental in a report on Thursday, August 13th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $110.00 price objective on shares of CECO Environmental in a research note on Tuesday, August 11th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $104.88.

CECO Environmental Price Performance

CECO Environmental stock opened at $74.10 on Tuesday. The stock's 50 day moving average is $75.54 and its 200 day moving average is $73.89. CECO Environmental Corp. has a one year low of $42.82 and a one year high of $101.24. The firm has a market cap of $4.34 billion, a P/E ratio of -107.39 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 1.18.

CECO Environmental (NASDAQ:CECO - Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.21. The business had revenue of $284.96 million during the quarter, compared to the consensus estimate of $282.21 million. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The company's revenue for the quarter was up 53.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. As a group, research analysts expect that CECO Environmental Corp. will post 2.43 EPS for the current year.

Insider Buying and Selling at CECO Environmental

In related 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 value of $3,284,740.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter K. Johansson sold 30,000 shares of the company's stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the sale, the chief financial officer directly owned 40,746 shares in the company, valued at $3,931,581.54. This trade represents a 42.41% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 16.90% of the company's stock.

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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