CECO Environmental Corp. (NASDAQ:CECO) Receives Consensus Recommendation of “Buy” from Brokerages

CECO Environmental Corp. (NASDAQ:CECO) has received an average rating of “Buy” from the ten analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $106.7143.

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on CECO Environmental in a research note on Thursday, July 9th. They set an “overweight” rating and a $130.00 target price for the company. Roth Capital restated a “buy” rating and set a $85.00 price objective on shares of CECO Environmental in a research note on Wednesday, April 29th. Northland Securities set a $118.00 price objective on CECO Environmental in a report on Friday, June 12th. Needham & Company LLC increased their target price on CECO Environmental from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Craig Hallum reissued a “buy” rating and set a $103.00 price target on shares of CECO Environmental in a research report on Tuesday, April 28th.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $80.50 on Thursday. 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 has a 1-year low of $29.84 and a 1-year high of $101.24. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 217.57 and a beta of 1.47. The business has a 50-day moving average of $85.84 and a 200-day moving average of $72.31.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.24. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The company had revenue of $205.92 million during the quarter, compared to the consensus estimate of $198.88 million. During the same quarter last year, the company earned $0.10 earnings per share. CECO Environmental’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, equities analysts anticipate that CECO Environmental will post 1.97 EPS for the current fiscal year.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the transaction, the director directly owned 166,000 shares in the company, valued at $16,037,260. This represents a 17.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Peter K. Johansson sold 30,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 40,746 shares of the company’s stock, valued at $3,931,581.54. The trade was a 42.41% decrease in their position. The SEC filing for this sale provides additional information. 18.40% of the stock is currently owned by insiders.

Institutional Trading of CECO Environmental

Several institutional investors have recently added to or reduced their stakes in CECO. GAMMA Investing LLC grew its position in shares of CECO Environmental by 71.6% during the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after acquiring an additional 154 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of CECO Environmental by 8.0% during 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 last quarter. Osaic Holdings Inc. raised its holdings in shares of 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 buying an additional 412 shares during the last quarter. Ellsworth Advisors LLC boosted its position in shares of CECO Environmental by 3.2% during the fourth quarter. Ellsworth Advisors LLC now owns 15,047 shares of the company’s stock worth $996,000 after buying an additional 462 shares during the period. Finally, Morton Brown Family Wealth LLC acquired a new position in shares of CECO Environmental during the first quarter worth approximately $29,000. Institutional investors 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.