Thrivent Financial for Lutherans Reduces Position in CECO Environmental Corp. $CECO

Thrivent Financial for Lutherans reduced its holdings in CECO Environmental Corp. (NASDAQ:CECO) by 34.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 493,255 shares of the company’s stock after selling 264,178 shares during the period. Thrivent Financial for Lutherans owned approximately 1.38% of CECO Environmental worth $25,254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CECO. Royal Bank of Canada raised its holdings in CECO Environmental by 15.6% in the 1st quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock valued at $335,000 after acquiring an additional 1,982 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of CECO Environmental by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock valued at $398,000 after purchasing an additional 790 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of CECO Environmental by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 93,137 shares of the company’s stock valued at $2,124,000 after purchasing an additional 5,000 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of CECO Environmental in the first quarter valued at approximately $1,047,000. Finally, Farther Finance Advisors LLC lifted its position in CECO Environmental by 224.7% during the second quarter. Farther Finance Advisors LLC now owns 1,445 shares of the company’s stock worth $41,000 after buying an additional 1,000 shares in the last quarter. 68.08% of the stock is currently owned by institutional investors and hedge funds.

CECO Environmental Stock Up 1.0%

Shares of NASDAQ:CECO opened at $68.12 on Tuesday. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 48.31 and a beta of 1.38. CECO Environmental Corp. has a 12-month low of $17.57 and a 12-month high of $71.69. The business has a 50-day moving average price of $61.16 and a 200 day moving average price of $52.33. The company has a current ratio of 1.33, a quick ratio of 1.13 and a debt-to-equity ratio of 0.70.

Wall Street Analyst Weigh In

CECO has been the subject of several analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, January 21st. Zacks Research raised shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Northland Securities raised their price objective on shares of CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 24th. Finally, Needham & Company LLC boosted their target price on shares of CECO Environmental from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, CECO Environmental presently has a consensus rating of “Moderate Buy” and an average price target of $64.75.

CECO Environmental Company 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.