CECO Environmental (NASDAQ:CECO) CFO Sells $2,894,700.00 in Stock

CECO Environmental Corp. (NASDAQ:CECO) CFO Peter Johansson sold 30,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the sale, the chief financial officer directly owned 40,746 shares of the company’s stock, valued at approximately $3,931,581.54. This represents a 42.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

CECO Environmental Stock Performance

Shares of CECO opened at $91.87 on Monday. The company has a market capitalization of $3.30 billion, a PE ratio of 248.30 and a beta of 1.49. 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’s fifty day moving average price is $82.36 and its 200 day moving average price is $70.18.

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

Wall Street Analyst Weigh In

CECO has been the subject of several recent analyst reports. Northland Securities set a $118.00 target price on CECO Environmental in a research note on Friday, June 12th. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Needham & Company LLC lifted their price target on CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Craig Hallum reiterated a “buy” rating and set a $103.00 price target on shares of CECO Environmental in a report on Tuesday, April 28th. Finally, Roth Mkm reissued a “buy” rating and issued a $85.00 price objective on shares of CECO Environmental in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $102.83.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CECO. ProShare Advisors LLC lifted 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 buying an additional 399 shares during the period. Osaic Holdings Inc. increased its stake in CECO Environmental by 3.5% during the second quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock valued at $348,000 after acquiring an additional 412 shares during the period. Ellsworth Advisors LLC increased its stake in CECO Environmental by 3.2% during the fourth quarter. Ellsworth Advisors LLC now owns 15,047 shares of the company’s stock valued at $996,000 after acquiring an additional 462 shares during the period. Morton Brown Family Wealth LLC acquired a new position in CECO Environmental in the 1st quarter valued at approximately $29,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in CECO Environmental in the 3rd quarter valued at approximately $25,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

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.