CECO ENVIRONMENTAL CORP.
In the published model solve dated 2026-Q2, anchored at $69.67, CECO ENVIRONMENTAL CORP. (CECO) is priced for today's economics sustained for ~14.9 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Work already sold and not yet delivered stood at $793.1 million at the end of 2025, which the 10-K reports as ⟦"an increase of $252.2 million or 46.6 percent"⟧ over the prior year, and substantially all of it is scheduled to convert inside 18 to 24 months. • The price asks for that pace to hold for roughly eight years, and among companies that have grown this fast, only about one in five kept it up that long. • The company completed its acquisition of Thermon Group Holdings on June 1, 2026 and
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251 institutional managers reported holding CECO in 13F filings for the quarter ended 2026-03-31. Together they hold about 88% of the company; the top 10 hold 42%. 54 opened new positions that quarter. Held by FMR (Fidelity), BlackRock, Vanguard Group, among others. On the short side, 1.9M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (1.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CECO's share count grew 0.6% over the past five years even with $17.03M spent on repurchases. It pays no dividend. Cash returned over the past three years: $5.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at CECO over the trailing three years: 2023: 2 buys totaling $325k; 2024: 5 buys totaling $1.53M; 2025: 5 buys totaling $718k; 2026: 1 buy totaling $1.54M. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CECO's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-09 | +17.0% | +20.1% |
| 2023-11-08 | +5.1% | +12.2% |
| 2024-03-06 | -11.9% | +21.1% |
| 2024-05-01 | -13.2% | +28.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CECO's latest 8-K filings: 2026-08-10 (items 2.02, 9.01); 2026-06-09 (items 7.01, 9.01); 2026-06-01 (items 2.01, 2.03, 5.02, 5.03, 7.01, 9.01); 2026-05-28 (items 5.02, 5.07, 7.01, 9.01); 2026-04-28 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.