Oliver Luxxe Assets LLC Takes $2.23 Million Position in CECO Environmental Corp. $CECO

Oliver Luxxe Assets LLC purchased a new position in shares of CECO Environmental Corp. (NASDAQ:CECO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 24,575 shares of the company’s stock, valued at approximately $2,230,000. Oliver Luxxe Assets LLC owned approximately 0.07% of CECO Environmental at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. purchased a new stake in CECO Environmental during the second quarter worth $19,944,000. GAMMA Investing LLC raised its stake in shares of CECO Environmental by 71.6% during the 2nd quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after buying an additional 154 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in CECO Environmental in the 1st quarter valued at about $1,066,000. California State Teachers Retirement System increased its holdings in CECO Environmental by 26.8% during the 1st quarter. California State Teachers Retirement System now owns 34,758 shares of the company’s stock valued at $2,071,000 after acquiring an additional 7,336 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in CECO Environmental by 310.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 115,242 shares of the company’s stock worth $6,866,000 after acquiring an additional 87,173 shares during the last quarter. Institutional investors and hedge funds own 68.08% of the company’s stock.

CECO Environmental Price Performance

CECO Environmental stock opened at $70.92 on Friday. CECO Environmental Corp. has a 1 year low of $42.78 and a 1 year high of $101.24. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33. The firm has a 50 day moving average price of $82.73 and a 200 day moving average price of $73.53. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 191.68 and a beta of 1.51.

Insider Buying and Selling at CECO Environmental

In related news, Director Richard F. Wallman acquired 20,000 shares of the stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of $76.85 per share, with a total value of $1,537,000.00. Following the purchase, the director directly owned 105,500 shares of the company’s stock, valued at approximately $8,107,675. This represents a 23.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jason Dezwirek sold 34,000 shares of CECO Environmental 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 completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. 18.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on CECO shares. Northland Securities set a $118.00 price target on shares of CECO Environmental in a research report on Friday, June 12th. Needham & Company LLC lifted their price objective on CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Lake Street Capital upped their target price on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Roth Capital reiterated a “buy” rating and set a $85.00 target price on shares of CECO Environmental in a report on Wednesday, April 29th. Finally, Zacks Research upgraded CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $104.00.

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.