Counterpoint Mutual Funds LLC Acquires 6,334 Shares of CECO Environmental Corp. $CECO

Counterpoint Mutual Funds LLC raised its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 75.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 14,744 shares of the company’s stock after acquiring an additional 6,334 shares during the period. Counterpoint Mutual Funds LLC’s holdings in CECO Environmental were worth $878,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. lifted its stake in CECO Environmental by 104.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock worth $43,032,000 after purchasing an additional 366,611 shares in the last quarter. Capital World Investors purchased a new position in shares of CECO Environmental during the fourth quarter valued at about $19,936,000. Two Sigma Investments LP increased its holdings in shares of CECO Environmental by 3,620.8% in the third quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock worth $15,498,000 after purchasing an additional 294,556 shares during the last quarter. IES Holdings Inc. bought a new stake in shares of CECO Environmental in the fourth quarter worth about $16,963,000. Finally, Franklin Resources Inc. lifted its position in shares of CECO Environmental by 818.9% in the fourth quarter. Franklin Resources Inc. now owns 253,491 shares of the company’s stock worth $15,171,000 after buying an additional 225,906 shares in the last quarter. Institutional investors own 68.08% of the company’s stock.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $82.15 on Friday. The firm’s 50-day moving average price is $84.58 and its 200-day moving average price is $71.04. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 222.03 and a beta of 1.47. CECO Environmental Corp. has a 12-month low of $28.68 and a 12-month high of $101.24.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The company had revenue of $205.92 million during the quarter, compared to analyst estimates of $198.88 million. During the same quarter last year, the business posted $0.10 earnings per share. The firm’s revenue was up 16.5% on a year-over-year basis. On average, equities research analysts anticipate that CECO Environmental Corp. will post 1.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on CECO shares. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. 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 note on Wednesday, June 10th. Weiss Ratings cut CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Craig Hallum reiterated a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a research report on Tuesday, April 28th. Finally, Northland Securities set a $118.00 target price on shares of CECO Environmental in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, CECO Environmental currently has an average rating of “Buy” and an average price target of $102.83.

Insider Buying and Selling at CECO Environmental

In other news, CFO Peter K. Johansson sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total value of $2,894,700.00. Following the completion of the sale, the chief financial officer directly owned 40,746 shares of the company’s stock, valued at $3,931,581.54. This trade represents a 42.41% decrease in their position. The transaction was disclosed in a document filed 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 that occurred on Wednesday, June 24th. The stock was 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 of the company’s stock, valued at approximately $16,037,260. This trade represents a 17.00% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 18.40% 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.