Hsbc Holdings PLC Purchases Shares of 21,738 CECO Environmental Corp. $CECO

Hsbc Holdings PLC acquired a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,738 shares of the company’s stock, valued at approximately $1,958,000.

Several other large investors have also modified their holdings of CECO. Expect Equity LLC acquired a new stake in shares of CECO Environmental in the second quarter worth approximately $2,860,000. Osterweis Capital Management Inc. purchased a new position in CECO Environmental during the second quarter worth approximately $4,698,000. Legal & General Group Plc purchased a new position in CECO Environmental during the second quarter worth approximately $40,461,000. The Manufacturers Life Insurance Company acquired a new position in shares of CECO Environmental in the 2nd quarter valued at $2,249,000. Finally, Whalen Wealth Management Inc. acquired a new position in shares of CECO Environmental in the 2nd quarter valued at $241,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $69.67 on Monday. The stock has a fifty day moving average price of $78.21 and a 200 day moving average price of $74.07. The company has a current ratio of 1.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34. CECO Environmental Corp. has a 12-month low of $42.78 and a 12-month high of $101.24. The company has a market cap of $4.08 billion, a P/E ratio of -100.97 and a beta of 1.51.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.21. The company had revenue of $284.96 million for the quarter, compared to analysts’ expectations of $282.21 million. CECO Environmental had a positive return on equity of 7.36% and a negative net margin of 3.39%.The firm’s quarterly revenue was up 53.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Research analysts anticipate that CECO Environmental Corp. will post 2.35 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on CECO shares. Zacks Research downgraded CECO Environmental from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded CECO Environmental from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. TD Cowen began coverage on CECO Environmental in a research report on Wednesday, August 5th. They set a “buy” rating and a $85.00 price target for the company. JPMorgan Chase & Co. initiated coverage on CECO Environmental in a research note on Thursday, July 9th. They set an “overweight” rating and a $130.00 price target for the company. Finally, Lake Street Capital raised their price objective on CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.88.

Insider Buying and Selling

In other news, Director Jason Dezwirek sold 34,000 shares of the company’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 completion of the transaction, the director directly owned 166,000 shares in the company, valued at approximately $16,037,260. This represents a 17.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter K. Johansson sold 30,000 shares of the firm’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 of the company’s stock, valued at approximately $3,931,581.54. The trade was a 42.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.