CECO Environmental (NASDAQ:CECO) CFO Peter Johansson Sells 30,000 Shares of Stock

CECO Environmental Corp. (NASDAQ:CECO) CFO Peter Johansson sold 30,000 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer owned 40,746 shares of the company’s stock, valued at approximately $3,931,581.54. This represents a 42.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

CECO Environmental Stock Performance

NASDAQ CECO opened at $91.87 on Friday. The stock has a market cap of $3.30 billion, a P/E ratio of 248.30 and a beta of 1.49. The company’s 50-day simple moving average is $82.36 and its 200 day simple moving average is $70.08. CECO Environmental Corp. has a twelve month low of $28.01 and a twelve month high of $101.24. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.24. The firm had revenue of $205.92 million during the quarter, compared to analysts’ expectations of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. As a group, research analysts forecast that CECO Environmental Corp. will post 1.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CECO. Zacks Research raised shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Needham & Company LLC boosted their price objective on shares of CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Weiss Ratings downgraded CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Northland Securities set a $118.00 price objective on CECO Environmental in a research report on Friday, June 12th. Finally, Roth Mkm restated a “buy” rating and set a $85.00 target price on shares of CECO Environmental in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $102.83.

Hedge Funds Weigh In On CECO Environmental

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in CECO Environmental by 15.6% during the first quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock worth $335,000 after acquiring an additional 1,982 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CECO Environmental by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock worth $398,000 after purchasing an additional 790 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of CECO Environmental by 5.7% in the 1st 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 period. Jane Street Group LLC acquired a new position in shares of CECO Environmental in the 1st quarter valued at approximately $1,047,000. Finally, Rhumbline Advisers increased its stake in CECO Environmental by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock worth $1,221,000 after purchasing an additional 991 shares in the last quarter. 68.08% of the stock is owned by institutional investors.

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.