CECO Environmental Corp. (NASDAQ:CECO) Given Average Recommendation of “Buy” by Brokerages

CECO Environmental Corp. (NASDAQ:CECO) has been assigned a consensus rating of “Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $104.00.

Several research analysts have recently issued reports on the stock. Roth Capital restated a “buy” rating and issued a $85.00 target price on shares of CECO Environmental in a report on Wednesday, April 29th. JPMorgan Chase & Co. began 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. Zacks Research raised shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Lake Street Capital upped their price objective on shares of CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $103.00 price objective on shares of CECO Environmental in a report on Tuesday, April 28th.

Insider Activity at CECO Environmental

In other CECO Environmental news, CFO Peter K. Johansson sold 30,000 shares of CECO Environmental stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jason Dezwirek sold 34,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total value of $3,284,740.00. Following the completion of the sale, the director owned 166,000 shares of the company’s stock, valued at approximately $16,037,260. This represents a 17.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 18.40% of the company’s stock.

Hedge Funds Weigh In On CECO Environmental

A number of hedge funds have recently modified their holdings of CECO. Peregrine Asset Advisers Inc. boosted its stake in shares of CECO Environmental by 142.1% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 113,870 shares of the company’s stock worth $6,815,000 after buying an additional 66,843 shares during the period. Moran Wealth Management LLC increased its position in CECO Environmental by 393.4% in the 1st quarter. Moran Wealth Management LLC now owns 56,953 shares of the company’s stock valued at $3,393,000 after acquiring an additional 45,411 shares during the period. Navellier & Associates Inc. increased its position in CECO Environmental by 48.5% in the 4th quarter. Navellier & Associates Inc. now owns 42,455 shares of the company’s stock valued at $2,541,000 after acquiring an additional 13,860 shares during the period. Kornitzer Capital Management Inc. KS purchased a new stake in CECO Environmental during the 1st quarter valued at approximately $716,000. Finally, Capital World Investors acquired a new stake in CECO Environmental during the 4th quarter worth approximately $19,936,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

CECO Environmental Stock Performance

Shares of CECO Environmental stock opened at $70.92 on Monday. The firm has a market capitalization of $2.54 billion, a P/E ratio of 191.68 and a beta of 1.51. CECO Environmental has a 52 week low of $42.78 and a 52 week high of $101.24. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average is $82.73 and its two-hundred day moving average is $73.57.

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.