CECO Environmental Corp. (NASDAQ:CECO) Given Consensus Recommendation of “Buy” by Brokerages

CECO Environmental Corp. (NASDAQ:CECO) has been given an average recommendation of “Buy” by the nine research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $102.8333.

Several equities analysts have issued reports on the company. Needham & Company LLC raised their price objective on CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Zacks Research raised shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Roth Mkm restated a “buy” rating and issued a $85.00 price target on shares of CECO Environmental in a research report on Wednesday, April 29th. Finally, 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.

CECO Environmental Stock Performance

Shares of CECO stock opened at $91.87 on Friday. The stock’s 50-day moving average is $82.36 and its two-hundred day moving average is $70.08. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 248.30 and a beta of 1.49. CECO Environmental has a 1 year low of $28.01 and a 1 year high of $101.24. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.24. The company had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 earnings per share. Analysts predict that CECO Environmental will post 1.96 earnings per share for the current year.

Insider Activity at CECO Environmental

In related news, Director Jason Dezwirek sold 34,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total value of $3,284,740.00. Following the transaction, the director owned 166,000 shares in the company, valued at $16,037,260. The trade was a 17.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard F. Wallman purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average price of $76.85 per share, for a total transaction of $1,537,000.00. Following the transaction, the director directly owned 105,500 shares in the company, valued at $8,107,675. This trade represents a 23.39% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 18.40% of the stock is currently owned by insiders.

Institutional Trading of CECO Environmental

Several hedge funds and other institutional investors have recently made changes to their positions in CECO. Royal Bank of Canada boosted its holdings in shares of CECO Environmental by 15.6% in the first 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 acquiring an additional 790 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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 acquiring an additional 5,000 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of CECO Environmental in the first quarter valued at about $1,047,000. Finally, Rhumbline Advisers boosted its holdings in shares of CECO Environmental by 2.4% in the second quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock valued at $1,221,000 after acquiring an additional 991 shares in the last quarter. Hedge funds and other institutional investors own 68.08% of the company’s stock.

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.