CECO Environmental Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:WCE Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
25 Jun 26	Sell€5,790,587	Jason DeZwirek	Individual	68,000	€85.45
24 Jun 26	Sell€2,548,584	Peter Johansson	Individual	30,000	€84.95
01 Jun 26	Buy€1,322,843	Richard Wallman	Individual	20,000	€66.14
01 May 26	Sell€705,624	Munish Nanda	Individual	11,218	€62.90
29 Apr 26	Buy€941,774	Richard Wallman	Individual	15,000	€63.10
05 Sep 25	Buy€119,877	Richard Wallman	Individual	3,000	€39.96
29 Aug 25	Buy€170,232	Richard Wallman	Individual	4,500	€37.83
31 Jul 25	Sell€3,757,597	Jason DeZwirek	Individual	100,000	€38.28
30 Jul 25	Sell€723,062	Claudio Mannarino	Individual	20,000	€36.56

Insider Trading Volume

Insider Buying: WCE insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of WCE?
Owner Type	Number of Shares	Ownership Percentage
Public Companies	568,527	0.973%
Private Companies	2,770,546	4.74%
Individual Insiders	3,515,528	6.02%
General Public	19,829,536	34%
Institutions	31,718,894	54.3%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 65.6%.

Top Shareholders

Top 25 shareholders own 46.1% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
4.74%	Icarus Investment Corp.	2,770,546	€200.7m	0%	no data
3.99%	FMR LLC	2,327,502	€168.6m	5.38%	0.01%
3.91%	BlackRock, Inc.	2,285,277	€165.5m	0%	no data
3.69%	T. Rowe Price Group, Inc.	2,153,215	€156.0m	192%	0.01%
3.24%	American Century Investment Management Inc	1,894,177	€137.2m	-7.07%	0.05%
2.34%	Jason DeZwirek	1,365,865	€98.9m	-4.32%	no data
2.28%	Vanguard Capital Management, LLC	1,332,469	€96.5m	0%	no data
2.26%	Todd Gleason	1,321,759	€95.7m	192%	no data
1.81%	Capital Research and Management Company	1,055,080	€76.4m	0%	no data
1.64%	Two Sigma Investments, LP	959,698	€69.5m	82.6%	0.06%
1.55%	Janus Henderson Group Ltd.	907,782	€65.8m	-1.54%	0.02%
1.55%	Dimensional Fund Advisors LP	903,291	€65.4m	0.87%	0.01%
1.47%	Geode Capital Management, LLC	856,133	€62.0m	17.3%	no data
1.43%	Emerald Advisers, LLC	837,022	€60.6m	16.4%	1.06%
1.42%	Royce & Associates, LP	827,781	€60.0m	11.8%	0.54%
1.28%	Luther King Capital Management Corporation	750,083	€54.3m	-21.1%	0.25%
1.13%	State Street Global Advisors, Inc.	657,349	€47.6m	0.99%	no data
1.1%	Thrivent Investment Management Inc.	640,006	€46.4m	-4.78%	0.08%
1.1%	Driehaus Capital Management LLC	639,892	€46.4m	10.3%	0.23%
0.97%	IES Holdings, Inc.	568,527	€41.2m	101%	no data
0.71%	Lord, Abbett & Co. LLC	414,400	€30.0m	105%	0.09%
0.69%	Legal & General Investment Management Limited	400,472	€29.0m	-4.25%	0.01%
0.66%	Needham Investment Management, LLC	387,500	€28.1m	29.8%	1.16%
0.58%	Richard Wallman	338,852	€24.5m	16.6%	no data
0.56%	Morgan Stanley	327,012	€23.7m	24.6%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/15 19:29
End of Day Share Price	2026/07/14 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CECO Environmental Corp. is covered by 16 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Christopher Van Horn	B. Riley Securities, Inc.
John Quealy	Canaccord Genuity
Dale Pfau	Cantor Fitzgerald & Co.