CECO Environmental (NASDAQ:CECO) Posts Quarterly Earnings Results

CECO Environmental (NASDAQ:CECO) posted its quarterly earnings results on Monday. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.26 by $0.21, FiscalAI reports. The firm had revenue of $284.96 million for the quarter, compared to the consensus estimate of $282.21 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%.

CECO Environmental Price Performance

Shares of CECO Environmental stock opened at $70.92 on Monday. 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 has a 52-week low of $42.78 and a 52-week high of $101.24. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 191.68 and a beta of 1.51. The company’s 50 day moving average price is $82.73 and its 200-day moving average price is $73.57.

Insider Activity at CECO Environmental

In other news, Director Richard F. Wallman purchased 20,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the acquisition, the director directly owned 105,500 shares of the company’s stock, valued at $8,107,675. This represents a 23.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter K. Johansson sold 30,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the completion of the sale, the chief financial officer directly owned 40,746 shares in the company, valued at approximately $3,931,581.54. This trade 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 company insiders.

Institutional Trading of CECO Environmental

A number of institutional investors have recently modified their holdings of CECO. Royal Bank of Canada increased its holdings in CECO Environmental by 15.6% during the 1st quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock valued at $335,000 after purchasing an additional 1,982 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in CECO Environmental by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock worth $398,000 after buying an additional 790 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in 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 worth $2,124,000 after buying an additional 5,000 shares during the period. Jane Street Group LLC bought a new stake in shares of CECO Environmental in the 1st quarter worth approximately $1,047,000. Finally, Rhumbline Advisers grew its position in shares of CECO Environmental by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock worth $1,221,000 after buying an additional 991 shares during the last quarter. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CECO has been the topic of several recent research reports. Zacks Research raised shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Northland Securities set a $118.00 target price on shares of CECO Environmental in a research report on Friday, June 12th. Weiss Ratings downgraded shares of CECO Environmental from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 29th. TD Cowen initiated coverage on shares of CECO Environmental in a research report on Wednesday. They set a “buy” rating and a $85.00 price target for the company. Finally, Lake Street Capital raised their price objective on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $104.00.

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.