CECO Environmental (NASDAQ:CECO) Director Jason Dezwirek Sells 34,000 Shares of Stock

CECO Environmental Corp. (NASDAQ:CECO) Director Jason Dezwirek sold 34,000 shares of CECO Environmental stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the transaction, the director owned 166,000 shares of the company’s stock, valued at $16,037,260. This represents a 17.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CECO Environmental Trading Down 3.4%

NASDAQ:CECO opened at $91.87 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18. CECO Environmental Corp. has a one year low of $28.01 and a one year high of $101.24. The company has a market cap of $3.30 billion, a PE ratio of 248.30 and a beta of 1.49. The firm has a 50-day moving average of $82.36 and a 200-day moving average of $70.08.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.24. The business had revenue of $205.92 million for 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 firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. As a group, equities research analysts expect that CECO Environmental Corp. will post 1.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC increased its position in shares of CECO Environmental by 8.0% during the 4th quarter. ProShare Advisors LLC now owns 5,390 shares of the company’s stock valued at $323,000 after purchasing an additional 399 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of CECO Environmental by 3.5% in the 2nd quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock worth $348,000 after buying an additional 412 shares during the last quarter. Ellsworth Advisors LLC boosted its holdings in shares of CECO Environmental by 3.2% in the 4th quarter. Ellsworth Advisors LLC now owns 15,047 shares of the company’s stock worth $996,000 after buying an additional 462 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in CECO Environmental during the first quarter valued at about $29,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in CECO Environmental during the third quarter valued at about $25,000. Hedge funds and other institutional investors own 68.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Craig Hallum reaffirmed a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a research report on Tuesday, April 28th. Needham & Company LLC increased their price target on CECO Environmental from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. 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. Northland Securities set a $118.00 price objective on shares of CECO Environmental in a report on Friday, June 12th. Finally, Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $102.83.

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.