Legal & General Group Plc Increases Stock Position in CECO Environmental Corp. $CECO

Legal & General Group Plc raised its stake in shares of CECO Environmental Corp. (NASDAQ:CECO) by 3.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 418,255 shares of the company’s stock after purchasing an additional 12,074 shares during the period. Legal & General Group Plc’s holdings in CECO Environmental were worth $25,033,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CECO. Vanguard Group Inc. boosted its position in shares of CECO Environmental by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock worth $106,569,000 after purchasing an additional 9,840 shares during the period. American Century Companies Inc. lifted its stake in CECO Environmental by 16,844.6% during the third quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock worth $64,399,000 after purchasing an additional 1,250,373 shares in the last quarter. William Blair Investment Management LLC lifted its stake in CECO Environmental by 3.0% during the fourth quarter. William Blair Investment Management LLC now owns 706,273 shares of the company’s stock worth $42,270,000 after purchasing an additional 20,531 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of CECO Environmental by 36.3% during the fourth quarter. Thrivent Financial for Lutherans now owns 672,147 shares of the company’s stock worth $40,229,000 after buying an additional 178,892 shares during the period. Finally, Two Sigma Investments LP grew its stake 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 valued at $15,498,000 after buying an additional 294,556 shares in the last quarter. 68.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CECO has been the topic of several research analyst reports. Lake Street Capital reiterated a “buy” rating and issued a $80.00 price objective on shares of CECO Environmental in a report on Wednesday, February 25th. Weiss Ratings lowered shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Roth Mkm reissued a “buy” rating and set a $85.00 price target on shares of CECO Environmental in a research report on Wednesday, April 29th. Zacks Research raised shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, HC Wainwright lifted their price objective on shares of CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $86.83.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $74.75 on Monday. The stock’s 50-day moving average is $70.62 and its two-hundred day moving average is $64.69. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18. CECO Environmental Corp. has a 1-year low of $25.96 and a 1-year high of $92.00. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 202.03 and a beta of 1.49.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating 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 business had revenue of $205.92 million during the quarter, compared to analysts’ expectations of $198.88 million. During the same quarter last year, the business posted $0.10 EPS. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. Analysts forecast that CECO Environmental Corp. will post 1.77 EPS for the current fiscal year.

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.