Independent Advisor Alliance Has $1.86 Million Stock Position in CECO Environmental Corp. $CECO

Independent Advisor Alliance raised its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 442.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,987 shares of the company’s stock after purchasing an additional 25,276 shares during the quarter. Independent Advisor Alliance owned 0.09% of CECO Environmental worth $1,855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CECO. Caitong International Asset Management Co. Ltd acquired a new position in shares of CECO Environmental in the 3rd quarter worth approximately $25,000. Aventura Private Wealth LLC acquired a new position in shares of CECO Environmental in the 4th quarter worth approximately $30,000. Advisory Services Network LLC acquired a new position in shares of CECO Environmental in the 3rd quarter worth approximately $31,000. Global Retirement Partners LLC acquired a new position in shares of CECO Environmental in the 3rd quarter worth approximately $50,000. Finally, First Horizon Corp acquired a new position in shares of CECO Environmental in the 3rd quarter worth approximately $64,000. 68.08% of the stock is owned by institutional investors and hedge funds.

CECO Environmental Stock Performance

Shares of CECO Environmental stock opened at $86.08 on Friday. The firm has a fifty day moving average of $64.73 and a two-hundred day moving average of $62.36. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 232.65 and a beta of 1.53. CECO Environmental Corp. has a 52 week low of $25.92 and a 52 week high of $90.25. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The business had revenue of $205.92 million during the quarter, compared to analysts’ expectations of $198.88 million. During the same quarter in the prior year, the company earned $0.10 EPS. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. As a group, equities research analysts predict that CECO Environmental Corp. will post 1.77 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on CECO shares. Lake Street Capital reissued a “buy” rating and issued a $80.00 target price on shares of CECO Environmental in a report on Wednesday, February 25th. Craig Hallum reissued a “buy” rating and issued a $103.00 target price on shares of CECO Environmental in a report on Tuesday, April 28th. Weiss Ratings cut shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Needham & Company LLC boosted their price objective on shares of CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, HC Wainwright boosted their price objective on shares of CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, CECO Environmental has a consensus rating of “Buy” and an average target price of $86.83.

CECO Environmental Company 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.