Walleye Capital LLC Takes Position in CECO Environmental Corp. $CECO

Walleye Capital LLC bought a new stake in shares of CECO Environmental Corp. (NASDAQ:CECO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 169,886 shares of the company’s stock, valued at approximately $15,415,000.

A number of other hedge funds have also recently bought and sold shares of CECO. GAMMA Investing LLC grew its holdings in CECO Environmental by 71.6% during the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after acquiring an additional 154 shares during the period. ProShare Advisors LLC lifted its holdings in CECO Environmental by 8.0% in the 4th quarter. ProShare Advisors LLC now owns 5,390 shares of the company’s stock valued at $323,000 after acquiring an additional 399 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in CECO Environmental by 3.5% in the 2nd quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock valued at $348,000 after acquiring an additional 412 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in shares of CECO Environmental during the 1st quarter valued at about $29,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of CECO Environmental during the 3rd quarter valued at about $25,000. 68.08% of the stock is owned by institutional investors and hedge funds.

CECO Environmental News Roundup

Here are the key news stories impacting CECO Environmental this week:

• Positive Sentiment: Northland Securities raised its earnings forecasts. The firm increased its FY2026 EPS estimate to $2.24 from $1.96, above the broader consensus of $2.12. It also raised its Q4 2026 estimate to $0.90 from $0.82, Q1 2027 to $0.58 from $0.57, and Q3 2027 to $0.76 from $0.73, signaling improving expectations for CECO’s earnings outlook. Northland Securities earnings estimate revisions
• Positive Sentiment: CECO was added to Zacks’ Rank #1 (Strong Buy) list. The inclusion may attract momentum-oriented investors and supports the positive near-term trading sentiment. New Strong Buy Stocks for August 14th
• Positive Sentiment: Needham reiterated its Buy rating on CECO, providing continued support from the analyst community. Needham reiterates Buy rating
• Neutral Sentiment: A Zacks comparison examined CECO’s performance against industrial-products peers, including Helios Technologies, but the available report details do not provide the comparative returns or a specific new valuation catalyst. CECO peer performance comparison
• Negative Sentiment: Zacks Research downgraded CECO from Strong Buy to Hold. This conflicting signal could limit upside and encourage some investors to take profits, although it is offset by the new Zacks Strong Buy list inclusion and other bullish analyst actions. Zacks Research rating downgrade

Analysts Set New Price Targets

A number of analysts recently commented on the stock. TD Cowen assumed coverage on shares of CECO Environmental in a report on Wednesday, August 5th. They issued a “buy” rating and a $85.00 target price on the stock. Roth Capital restated a “buy” rating and set a $85.00 target price on shares of CECO Environmental in a report on Wednesday, April 29th. Needham & Company LLC restated a “buy” rating and issued a $110.00 price target on shares of CECO Environmental in a research report on Tuesday. Craig Hallum restated a “buy” rating and issued a $103.00 price target on shares of CECO Environmental in a research report on Tuesday, April 28th. Finally, Lake Street Capital upped their price target on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $104.88.

Insider Transactions at CECO Environmental

In other news, Director Richard F. Wallman bought 20,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were acquired at an average cost of $76.85 per share, with a total value of $1,537,000.00. Following the completion of the transaction, the director directly owned 105,500 shares in the company, valued at approximately $8,107,675. The trade was a 23.39% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 sale, the chief financial officer owned 40,746 shares in the company, valued at $3,931,581.54. This represents a 42.41% decrease in their position. The disclosure for this sale is available in the SEC filing. 18.40% of the stock is currently owned by insiders.

CECO Environmental Trading Up 3.6%

NASDAQ:CECO opened at $79.59 on Friday. The stock has a fifty day simple moving average of $82.34 and a 200 day simple moving average of $73.81. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of -115.35 and a beta of 1.51. CECO Environmental Corp. has a 1-year low of $42.78 and a 1-year high of $101.24. The company has a quick ratio of 1.18, a current ratio of 1.50 and a debt-to-equity ratio of 0.34.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data 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 firm had revenue of $284.96 million for the quarter, compared to the consensus estimate of $282.21 million. During the same quarter in the previous year, the company earned $0.26 EPS. The business’s revenue for the quarter was up 53.7% compared to the same quarter last year. Sell-side analysts forecast that CECO Environmental Corp. will post 2.35 earnings per share for the current year.

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.