CECO Environmental (NASDAQ:CECO) Stock Rating Upgraded by TD Cowen

CECO Environmental (NASDAQ:CECO) was upgraded by analysts at TD Cowen to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Weiss Ratings cut shares of CECO Environmental from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, July 29th. Zacks Research upgraded CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Northland Securities set a $118.00 price target on CECO Environmental in a research report on Friday, June 12th. Lake Street Capital raised their price objective on CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Finally, Craig Hallum reiterated a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CECO Environmental presently has an average rating of “Buy” and a consensus price target of $104.00.

CECO Environmental Stock Performance

Shares of CECO stock opened at $69.12 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 186.81 and a beta of 1.51. CECO Environmental has a one year low of $42.78 and a one year high of $101.24. The company has a 50 day moving average price of $83.10 and a 200 day moving average price of $73.54.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average price of $76.85 per share, for a total transaction of $1,537,000.00. Following the completion of the purchase, the director owned 105,500 shares in the company, valued at $8,107,675. The trade was a 23.39% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Peter K. Johansson sold 30,000 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total value of $2,894,700.00. Following the completion of the transaction, the chief financial officer directly owned 40,746 shares of the company’s stock, valued at $3,931,581.54. This 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 corporate insiders.

Hedge Funds Weigh In On CECO Environmental

A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of CECO Environmental by 71.6% during the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after buying an additional 154 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new stake in CECO Environmental during the first quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of CECO Environmental during the 3rd quarter valued at approximately $25,000. Advisory Services Network LLC bought a new stake in shares of CECO Environmental during the 3rd quarter valued at about $31,000. Finally, KBC Group NV acquired a new stake in CECO Environmental during the first quarter worth about $44,000. 68.08% of the stock is 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.