Needham & Company LLC Reiterates Buy Rating for CECO Environmental (NASDAQ:CECO)

CECO Environmental (NASDAQ:CECO)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a research report issued on Tuesday,Benzinga reports. They presently have a $110.00 price target on the stock. Needham & Company LLC’s price objective points to a potential upside of 56.29% from the company’s current price.

Other analysts have also recently issued research reports about the company. Craig Hallum restated a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a report on Tuesday, April 28th. JPMorgan Chase & Co. initiated coverage on shares of CECO Environmental in a research note on Thursday, July 9th. They set an “overweight” rating and a $130.00 price target on the stock. TD Cowen began coverage on shares of CECO Environmental in a research report on Wednesday, August 5th. They issued a “buy” rating and a $85.00 price objective for the company. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Finally, Lake Street Capital increased their price objective on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $104.00.

CECO Environmental Stock Down 0.8%

Shares of NASDAQ CECO opened at $70.38 on Tuesday. CECO Environmental has a 52-week low of $42.78 and a 52-week high of $101.24. 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 business has a fifty day moving average of $82.56 and a two-hundred day moving average of $73.60. The stock has a market cap of $2.52 billion, a PE ratio of 190.22 and a beta of 1.51.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Monday, August 10th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.21. The business had revenue of $284.96 million during the quarter, compared to analysts’ expectations of $282.21 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 53.7% on a year-over-year basis. During the same quarter last year, the company posted $0.26 EPS. As a group, equities research analysts expect that CECO Environmental will post 2.09 earnings per share for the current fiscal year.

Insider Transactions at CECO Environmental

In related news, 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 completion of the sale, the director directly owned 166,000 shares of the company’s stock, valued at $16,037,260. The trade was a 17.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter K. Johansson sold 30,000 shares of the company’s 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 sale, the chief financial officer 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 SEC filing for this sale provides additional information. 16.90% of the stock is owned by corporate insiders.

Institutional Trading of CECO Environmental

A number of institutional investors and hedge funds have recently modified their holdings of CECO. BlackRock Inc. acquired a new stake in shares of CECO Environmental in the 2nd quarter valued at approximately $392,358,000. T. Rowe Price Investment Management Inc. grew its holdings in CECO Environmental by 104.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock valued at $43,032,000 after purchasing an additional 366,611 shares during the period. Deutsche Bank AG bought a new stake in CECO Environmental in the second quarter valued at approximately $30,475,000. Capital World Investors bought a new stake in CECO Environmental in the fourth quarter valued at approximately $19,936,000. Finally, Two Sigma Investments LP raised its holdings in CECO Environmental by 3,620.8% in the third quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock worth $15,498,000 after purchasing an additional 294,556 shares during the period. 68.08% of the stock is owned by institutional investors.

CECO Environmental News Summary

Here are the key news stories impacting CECO Environmental this week:

• Positive Sentiment: CECO reported second-quarter revenue of $285.0 million, up 53.7% year over year and ahead of the $282.2 million consensus estimate. Adjusted diluted EPS was $0.47, well above analyst expectations ranging from $0.24 to $0.26. CECO Environmental Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Orders nearly tripled to $798.5 million, up 191%, while backlog increased 164% to more than $1.8 billion. The figures point to strong demand and improved visibility for future revenue. CECO Environmental Reports Record Second Quarter 2026 Results
• Positive Sentiment: Adjusted EBITDA rose 73% to $40.2 million, and non-GAAP net income increased 147% to $21.5 million. Management also said the Thermon acquisition integration is producing synergies ahead of plan, reinforcing the strategic rationale for the deal.
• Positive Sentiment: CECO raised its 2026 outlook: revenue is now expected at $1.30 billion-$1.375 billion, versus a prior floor of $1.275 billion, and adjusted EBITDA at $200 million-$225 million, up from a $195 million lower bound. CECO Raises 2026 Outlook
• Neutral Sentiment: Management cited continued project demand but said it is monitoring Middle East conditions, inflation and raw-material costs. Execution and backlog conversion will remain important to the investment case.
• Negative Sentiment: GAAP results were weaker: CECO posted a $34.8 million net loss and $0.80 diluted loss per share, compared with net income of $9.5 million a year earlier. Acquisition and integration costs totaled $45.5 million, and operating income turned into a $33.2 million loss.
• Negative Sentiment: Free cash flow was negative $24.3 million for the quarter, while debt increased substantially following the Thermon acquisition. Investors may therefore focus on cash conversion, leverage and whether projected synergies offset transaction costs.

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.