Meros Investment Management LP Purchases Shares of 68,066 CECO Environmental Corp. $CECO

Meros Investment Management LP acquired a new position in shares of CECO Environmental Corp. (NASDAQ:CECO) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 68,066 shares of the company’s stock, valued at approximately $6,176,309,000. CECO Environmental comprises about 2.0% of Meros Investment Management LP’s investment portfolio, making the stock its 22nd biggest position.

A number of other institutional investors also recently made changes to their positions in CECO. Caitong International Asset Management Co. Ltd acquired a new position in shares of CECO Environmental in the third quarter valued at approximately $25,000. Morton Brown Family Wealth LLC acquired a new stake in CECO Environmental during the 1st quarter worth approximately $29,000. Allworth Financial LP acquired a new stake in CECO Environmental during the 2nd quarter worth approximately $29,000. Advisory Services Network LLC bought a new stake in CECO Environmental in the 3rd quarter valued at $31,000. Finally, GAMMA Investing LLC boosted its stake in CECO Environmental by 71.6% in the 2nd quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock valued at $33,000 after purchasing an additional 154 shares during the period. Institutional investors own 68.08% of the company’s stock.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $70.27 on Wednesday. The business has a fifty day moving average price of $79.80 and a two-hundred day moving average price of $74.09. The stock has a market capitalization of $4.12 billion, a PE ratio of -101.84 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 1.18. CECO Environmental Corp. has a fifty-two week low of $42.78 and a fifty-two week high of $101.24.

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

Insiders Place Their Bets

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the sale, the director directly owned 166,000 shares in the company, valued at $16,037,260. This represents a 17.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Peter K. Johansson sold 30,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 40,746 shares of the company’s stock, valued at $3,931,581.54. The trade was a 42.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 16.90% of the company’s stock.

Analysts Set New Price Targets

CECO has been the topic of several recent research reports. Lake Street Capital increased their price objective on CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Craig Hallum reissued a “buy” rating and issued a $103.00 target price on shares of CECO Environmental in a research report on Tuesday, April 28th. Roth Capital restated a “buy” rating and issued a $85.00 price target on shares of CECO Environmental in a research note on Wednesday, April 29th. Zacks Research lowered shares of CECO Environmental from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $110.00 price objective on shares of CECO Environmental in a research note on Tuesday, August 11th. Eight equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, CECO Environmental has an average rating of “Moderate Buy” and an average price target of $104.88.

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.