CECO Environmental (NASDAQ:CECO) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

CECO Environmental (NASDAQ:CECO) announced its quarterly earnings data on Monday. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.21, FiscalAI reports. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The business had revenue of $284.96 million for the quarter, compared to analyst estimates of $282.21 million.

CECO Environmental Price Performance

Shares of NASDAQ:CECO opened at $70.92 on Monday. The stock has a 50-day simple moving average of $82.73 and a 200-day simple moving average of $73.57. The stock 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 1 year low of $42.78 and a 1 year high of $101.24. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CECO shares. Roth Capital reaffirmed a “buy” rating and set a $85.00 price target on shares of CECO Environmental in a research report on Wednesday, April 29th. Lake Street Capital lifted their price target on shares of CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Northland Securities set a $118.00 price objective on shares of CECO Environmental in a research note on Friday, June 12th. TD Cowen began coverage on CECO Environmental in a report on Wednesday. They set a “buy” rating and a $85.00 price objective for the company. Finally, Needham & Company LLC increased their target price on CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $104.00.

Insider Activity at CECO Environmental

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of CECO Environmental stock in a transaction that occurred 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 of the company’s stock, valued at $16,037,260. The trade was a 17.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard F. Wallman acquired 20,000 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were acquired at an average price of $76.85 per share, with a total value of $1,537,000.00. Following the completion of the purchase, the director owned 105,500 shares of the company’s stock, valued at $8,107,675. This trade represents a 23.39% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 18.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CECO Environmental

Several hedge funds and other institutional investors have recently made changes to their positions in CECO. Caitong International Asset Management Co. Ltd acquired a new stake in CECO Environmental in the 3rd quarter valued at $25,000. Advisory Services Network LLC acquired a new position in shares of CECO Environmental during the third quarter worth about $31,000. Raymond James Financial Inc. purchased a new stake in shares of CECO Environmental in the second quarter worth about $102,000. Canada Pension Plan Investment Board grew its stake in shares of CECO Environmental by 6,200.0% in the second quarter. Canada Pension Plan Investment Board now owns 6,300 shares of the company’s stock valued at $178,000 after buying an additional 6,200 shares in the last quarter. Finally, Group One Trading LLC raised its holdings in shares of CECO Environmental by 336.9% during the 4th quarter. Group One Trading LLC now owns 3,325 shares of the company’s stock valued at $199,000 after buying an additional 2,564 shares during the period. 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.