CECO Environmental (NASDAQ:CECO) Trading Up 6.1% – What’s Next?

CECO Environmental Corp. (NASDAQ:CECO)’s share price traded up 6.1% during trading on Monday . The company traded as high as $84.77 and last traded at $84.47. Approximately 437,733 shares changed hands during trading, a decline of 41% from the average daily volume of 739,512 shares. The stock had previously closed at $79.59.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings lowered CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday. Zacks Research cut CECO Environmental from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Northland Securities set a $125.00 target price on CECO Environmental in a research note on Thursday. Craig Hallum reiterated a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a research report on Tuesday, April 28th. Finally, Roth Capital reissued a “buy” rating and issued a $85.00 price target on shares of CECO Environmental in a research note on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $104.88.

CECO Environmental Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50. The stock has a market capitalization of $2.98 billion, a PE ratio of -120.36 and a beta of 1.51. The stock’s 50 day moving average is $82.34 and its two-hundred day moving average is $73.83.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.26 by $0.21. CECO Environmental had a positive return on equity of 7.36% and a negative net margin of 3.39%.The company had revenue of $284.96 million during the quarter, compared to analyst estimates of $282.21 million. During the same period in the previous year, the business earned $0.26 EPS. CECO Environmental’s quarterly revenue was up 53.7% on a year-over-year basis. On average, equities analysts anticipate that CECO Environmental Corp. will post 2.35 EPS for the current fiscal year.

Insider Buying and Selling

In other CECO Environmental news, 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 value of $2,894,700.00. Following the transaction, the chief financial officer 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jason Dezwirek sold 34,000 shares of CECO Environmental stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the sale, the director directly owned 166,000 shares in the company, valued at approximately $16,037,260. This trade represents a 17.00% decrease in their position. The SEC filing for this sale provides additional information. 16.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On CECO Environmental

A number of hedge funds have recently modified their holdings of CECO. GAMMA Investing LLC grew its stake in shares of CECO Environmental by 71.6% in the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after acquiring an additional 154 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of CECO Environmental in the second quarter valued at $29,000. ProShare Advisors LLC raised its stake in shares of CECO Environmental by 8.0% in the fourth quarter. ProShare Advisors LLC now owns 5,390 shares of the company’s stock valued at $323,000 after acquiring an additional 399 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in CECO Environmental by 3.5% in the second quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock valued at $348,000 after purchasing an additional 412 shares during the period. Finally, Morton Brown Family Wealth LLC acquired a new position in CECO Environmental during the 1st quarter worth $29,000. 68.08% of the stock is currently owned by institutional investors and hedge funds.

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.