CECO Environmental Corp. (NASDAQ:CECO) Sees Significant Decrease in Short Interest

CECO Environmental Corp. (NASDAQ:CECO) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,906,224 shares, a decline of 68.3% from the May 31st total of 6,010,071 shares. Currently, 6.5% of the company’s shares are short sold. Based on an average trading volume of 1,095,473 shares, the short-interest ratio is currently 1.7 days.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Northland Securities set a $118.00 target price on CECO Environmental in a report on Friday, June 12th. Lake Street Capital increased their price target on shares of CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Weiss Ratings lowered shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Craig Hallum restated a “buy” rating and issued a $103.00 price objective on shares of CECO Environmental in a report on Tuesday, April 28th. Finally, Needham & Company LLC upped their target price on shares of CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. One investment analyst has 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. According to data from MarketBeat, CECO Environmental presently has a consensus rating of “Buy” and a consensus target price of $102.83.

Insider Transactions at CECO Environmental

In other CECO Environmental news, CFO Peter K. Johansson sold 30,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer owned 40,746 shares of the company’s stock, valued at $3,931,581.54. The trade was a 42.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard F. Wallman purchased 20,000 shares of the stock in a transaction dated Monday, June 1st. The shares were purchased at an average price of $76.85 per share, with a total value of $1,537,000.00. Following the completion of the transaction, the director owned 105,500 shares of the company’s stock, valued at approximately $8,107,675. This trade represents a 23.39% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On CECO Environmental

A number of large investors have recently modified their holdings of CECO. Arkadios Wealth Advisors acquired a new stake in shares of CECO Environmental in the 1st quarter valued at $1,066,000. California State Teachers Retirement System increased its holdings in CECO Environmental by 26.8% in the first quarter. California State Teachers Retirement System now owns 34,758 shares of the company’s stock valued at $2,071,000 after buying an additional 7,336 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in CECO Environmental by 310.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 115,242 shares of the company’s stock valued at $6,866,000 after buying an additional 87,173 shares during the last quarter. Sei Investments Co. raised its stake in CECO Environmental by 3.1% in the first quarter. Sei Investments Co. now owns 111,313 shares of the company’s stock valued at $6,632,000 after buying an additional 3,338 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of CECO Environmental during the 1st quarter worth about $2,291,000. 68.08% of the stock is owned by hedge funds and other institutional investors.

CECO Environmental Stock Down 1.2%

NASDAQ CECO traded down $1.07 during trading hours on Tuesday, hitting $89.00. 200,900 shares of the company were exchanged, compared to its average volume of 686,505. The company has a 50 day moving average of $82.88 and a two-hundred day moving average of $70.41. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. CECO Environmental has a 52-week low of $28.26 and a 52-week high of $101.24. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 240.31 and a beta of 1.49.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The business had revenue of $205.92 million during the quarter, compared to analysts’ expectations of $198.88 million. During the same quarter last year, the business posted $0.10 EPS. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. Equities research analysts anticipate that CECO Environmental will post 1.96 earnings per share for the current year.

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.