CECO Environmental Corp. (NASDAQ:CECO) Short Interest Up 27.3% in March

CECO Environmental Corp. (NASDAQ:CECO) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 3,158,867 shares, a growth of 27.3% from the February 26th total of 2,481,615 shares. Based on an average daily trading volume, of 784,837 shares, the days-to-cover ratio is currently 4.0 days. Approximately 10.7% of the company’s shares are sold short.

CECO Environmental Stock Up 2.4%

Shares of NASDAQ CECO traded up $1.36 during mid-day trading on Tuesday, reaching $58.38. 228,641 shares of the company were exchanged, compared to its average volume of 540,954. The firm has a 50-day moving average of $65.08 and a 200 day moving average of $58.15. CECO Environmental has a 1 year low of $17.57 and a 1 year high of $81.72. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.65. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 42.98 and a beta of 1.39.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Tuesday, February 24th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35). CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.The firm had revenue of $214.69 million during the quarter, compared to the consensus estimate of $205.39 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was up 35.4% compared to the same quarter last year. On average, research analysts expect that CECO Environmental will post 0.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

CECO has been the topic of a number of research analyst reports. HC Wainwright upped their target price on shares of CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Needham & Company LLC reiterated a “buy” rating and issued a $80.00 price target on shares of CECO Environmental in a report on Thursday, March 26th. Northland Securities increased their price objective on CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 24th. Weiss Ratings downgraded CECO Environmental from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, March 4th. Finally, Roth Mkm lifted their target price on CECO Environmental from $58.00 to $68.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CECO Environmental presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.20.

Institutional Investors Weigh In On CECO Environmental

Several institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of CECO Environmental during the third quarter worth $25,000. Aventura Private Wealth LLC purchased a new position in CECO Environmental during the 4th quarter worth $30,000. Advisory Services Network LLC purchased a new position in CECO Environmental during the 3rd quarter worth $31,000. Global Retirement Partners LLC acquired a new position in CECO Environmental during the 3rd quarter valued at about $50,000. Finally, First Horizon Corp acquired a new position in CECO Environmental during the 3rd quarter valued at about $64,000. 68.08% of the stock is currently owned by institutional investors and hedge funds.

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.