CECO Environmental (NASDAQ:CECO) Director Sells 34,000 Shares of Stock

CECO Environmental Corp. (NASDAQ:CECO) Director Jason Dezwirek sold 34,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total value of $3,284,740.00. Following the sale, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CECO Environmental Price Performance

Shares of CECO traded down $3.22 during midday trading on Friday, hitting $91.87. The company’s stock had a trading volume of 1,877,024 shares, compared to its average volume of 690,585. 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 Corp. has a one year low of $28.01 and a one year high of $101.24. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 248.30 and a beta of 1.49. The company’s fifty day simple moving average is $81.82 and its two-hundred day simple moving average is $69.93.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.24. The business had revenue of $205.92 million during the quarter, compared to the consensus estimate of $198.88 million. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.CECO Environmental’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 EPS. As a group, equities analysts expect that CECO Environmental Corp. will post 1.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CECO has been the subject of a number of research analyst reports. Weiss Ratings cut shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Craig Hallum restated a “buy” rating and issued a $103.00 target price on shares of CECO Environmental in a research report on Tuesday, April 28th. Lake Street Capital boosted their target price on shares of CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Finally, Roth Mkm reiterated a “buy” rating and issued a $85.00 price target on shares of CECO Environmental in a research note on Wednesday, April 29th. One 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 company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $102.83.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its position in CECO Environmental by 15.6% during the 1st quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock worth $335,000 after buying an additional 1,982 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of CECO Environmental by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock valued at $398,000 after acquiring an additional 790 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of CECO Environmental by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 93,137 shares of the company’s stock worth $2,124,000 after purchasing an additional 5,000 shares during the period. Jane Street Group LLC bought a new stake in shares of CECO Environmental in the first quarter worth $1,047,000. Finally, Rhumbline Advisers grew its stake in shares of CECO Environmental by 2.4% in the second quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock worth $1,221,000 after purchasing an additional 991 shares during the last quarter. Institutional investors own 68.08% of the company’s stock.

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.