CECO Environmental (NASDAQ:CECO) Sets New 52-Week High – Here’s Why

CECO Environmental Corp. (NASDAQ:CECO) hit a new 52-week high during trading on Tuesday . The company traded as high as $90.42 and last traded at $90.24, with a volume of 1026298 shares changing hands. The stock had previously closed at $81.71.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Roth Mkm restated a “buy” rating and issued a $85.00 target price on shares of CECO Environmental in a report on Wednesday, April 29th. HC Wainwright increased their price target on CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Needham & Company LLC lifted their price target on shares of CECO Environmental from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $80.00 target price on shares of CECO Environmental in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $86.83.

CECO Environmental Stock Performance

The stock has a market cap of $3.22 billion, a P/E ratio of 242.89 and a beta of 1.53. The firm has a 50 day moving average of $68.46 and a two-hundred day moving average of $63.85. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, topping 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 company had revenue of $205.92 million for the quarter, compared to the consensus estimate of $198.88 million. During the same period in the previous year, the business posted $0.10 EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, research analysts predict that CECO Environmental Corp. will post 1.77 EPS for the current fiscal year.

Hedge Funds Weigh In On CECO Environmental

Several large investors have recently bought and sold shares of CECO. Arkadios Wealth Advisors bought a new stake in CECO Environmental in the 1st quarter valued at $1,066,000. California State Teachers Retirement System increased its holdings in shares of CECO Environmental by 26.8% during the 1st quarter. California State Teachers Retirement System now owns 34,758 shares of the company’s stock worth $2,071,000 after purchasing an additional 7,336 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of CECO Environmental by 310.6% during 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 position in shares of CECO Environmental by 3.1% during 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 during the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of CECO Environmental in the first quarter valued at about $2,291,000. 68.08% of the stock is currently owned by institutional investors and hedge funds.

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.