SG Americas Securities LLC Boosts Stock Holdings in CECO Environmental Corp. $CECO

SG Americas Securities LLC grew its holdings in CECO Environmental Corp. (NASDAQ:CECO) by 638.3% in the 4th quarter, HoldingsChannel reports. The firm owned 80,736 shares of the company’s stock after buying an additional 69,800 shares during the quarter. SG Americas Securities LLC’s holdings in CECO Environmental were worth $4,832,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CECO. Aventura Private Wealth LLC purchased a new position in CECO Environmental during the fourth quarter valued at approximately $30,000. JPMorgan Chase & Co. lifted its holdings in CECO Environmental by 38.8% during the third quarter. JPMorgan Chase & Co. now owns 23,559 shares of the company’s stock worth $1,206,000 after buying an additional 6,587 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in CECO Environmental during the 3rd quarter valued at $25,000. Advisory Services Network LLC bought a new stake in CECO Environmental during the 3rd quarter valued at $31,000. Finally, Oberweis Asset Management Inc. purchased a new position in shares of CECO Environmental in the 3rd quarter valued at $4,711,000. 68.08% of the stock is currently owned by institutional investors.

CECO Environmental Stock Performance

Shares of CECO opened at $61.50 on Thursday. CECO Environmental Corp. has a 12 month low of $17.57 and a 12 month high of $81.72. The stock has a fifty day moving average price of $64.85 and a 200-day moving average price of $58.26. The company has a current ratio of 1.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65. The firm has a market cap of $2.19 billion, a PE ratio of 45.22 and a beta of 1.41.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Tuesday, February 24th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.35). CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.The business had revenue of $214.69 million for the quarter, compared to analysts’ expectations of $205.39 million. During the same quarter last year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was up 35.4% compared to the same quarter last year. Equities research analysts predict that CECO Environmental Corp. will post 0.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CECO shares. Roth Mkm upped their price objective on CECO Environmental from $58.00 to $68.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. HC Wainwright lifted their target price on CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Lake Street Capital reiterated a “buy” rating and issued a $80.00 target price on shares of CECO Environmental in a report on Wednesday, February 25th. Northland Securities increased their price target on shares of CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, December 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $80.00 price target on shares of CECO Environmental in a report on Thursday, March 26th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.20.

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.