CECO Environmental Corp. $CECO Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp reduced its holdings in shares of CECO Environmental Corp. (NASDAQ:CECO) by 4.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,125,322 shares of the company’s stock after selling 52,139 shares during the period. King Luther Capital Management Corp owned approximately 3.16% of CECO Environmental worth $57,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Segall Bryant & Hamill LLC acquired a new position in shares of CECO Environmental during the second quarter valued at about $7,394,000. Osterweis Capital Management Inc. acquired a new position in CECO Environmental during the 2nd quarter valued at approximately $7,175,000. CSM Advisors LLC purchased a new position in shares of CECO Environmental in the second quarter worth $5,248,000. G2 Investment Partners Management LLC acquired a new stake in shares of CECO Environmental during the second quarter worth $3,397,000. Finally, Pier Capital LLC purchased a new stake in shares of CECO Environmental during the second quarter valued at $3,226,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

CECO Environmental Trading Down 0.7%

CECO Environmental stock opened at $78.41 on Thursday. The firm has a market cap of $2.79 billion, a PE ratio of 55.61 and a beta of 1.38. CECO Environmental Corp. has a 12 month low of $17.57 and a 12 month high of $81.72. The stock’s 50 day simple moving average is $66.07 and its two-hundred day simple moving average is $55.38. The company has a current ratio of 1.33, a quick ratio of 1.13 and a debt-to-equity ratio of 0.70.

Analyst Ratings Changes

CECO has been the subject of a number of research reports. Zacks Research raised CECO Environmental from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, January 21st. Needham & Company LLC lifted their price objective on shares of CECO Environmental from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Finally, Northland Securities increased their price objective on shares of CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 24th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, CECO Environmental currently has a consensus rating of “Moderate Buy” and an average price target of $64.75.

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.