Lisanti Capital Growth LLC Invests $6.11 Million in CECO Environmental Corp. $CECO

Lisanti Capital Growth LLC acquired a new position in CECO Environmental Corp. (NASDAQ:CECO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 67,275 shares of the company’s stock, valued at approximately $6,105,000. CECO Environmental comprises about 1.3% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 26th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Peregrine Asset Advisers Inc. raised its position in shares of CECO Environmental by 142.1% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 113,870 shares of the company’s stock worth $6,815,000 after acquiring an additional 66,843 shares during the last quarter. Oliver Luxxe Assets LLC bought a new stake in CECO Environmental in the second quarter valued at approximately $2,230,000. Moran Wealth Management LLC boosted its holdings in CECO Environmental by 393.4% in the first quarter. Moran Wealth Management LLC now owns 56,953 shares of the company’s stock valued at $3,393,000 after acquiring an additional 45,411 shares during the last quarter. Walleye Capital LLC acquired a new stake in CECO Environmental during the 2nd quarter valued at approximately $15,415,000. Finally, Assenagon Asset Management S.A. acquired a new stake in CECO Environmental during the 2nd quarter valued at approximately $19,944,000. 68.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CECO Environmental

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the firm’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 sale, the director directly owned 166,000 shares in the company, valued at approximately $16,037,260. This trade represents a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Peter K. Johansson sold 30,000 shares of CECO Environmental 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 completion of the sale, the chief financial officer directly owned 40,746 shares of the company’s stock, valued at approximately $3,931,581.54. This trade represents a 42.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 18.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CECO. Lake Street Capital boosted their price target on shares of CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Northland Securities set a $125.00 price objective on shares of CECO Environmental in a research report on Thursday, August 13th. Zacks Research downgraded shares of CECO Environmental from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. started coverage on shares of CECO Environmental in a report on Thursday, July 9th. They issued an “overweight” rating and a $130.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $110.00 price target on shares of CECO Environmental in a research report on Tuesday, August 11th. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, CECO Environmental currently has a consensus rating of “Moderate Buy” and an average price target of $104.88.

CECO Environmental Trading Down 1.7%

Shares of CECO stock opened at $75.22 on Thursday. CECO Environmental Corp. has a fifty-two week low of $42.78 and a fifty-two week high of $101.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50. The stock has a 50 day simple moving average of $81.70 and a two-hundred day simple moving average of $74.01. The company has a market cap of $2.70 billion, a P/E ratio of -109.01 and a beta of 1.51.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.21. The firm 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 company’s revenue for the quarter was up 53.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 EPS. Research analysts forecast that CECO Environmental Corp. will post 2.35 earnings per share for the current year.

CECO Environmental 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.