CECO Environmental Corp. (NASDAQ:CECO) Short Interest Down 68.3% in June

CECO Environmental Corp. (NASDAQ:CECO) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,906,224 shares, a decline of 68.3% from the May 31st total of 6,010,071 shares. Based on an average daily volume of 1,095,473 shares, the short-interest ratio is currently 1.7 days. Approximately 6.5% of the shares of the company are sold short.

Insider Activity at CECO Environmental

In related news, Director Jason Dezwirek sold 34,000 shares of the business’s stock in a transaction dated 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 sale, the director owned 166,000 shares of the company’s stock, valued at approximately $16,037,260. The trade was a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter K. Johansson sold 30,000 shares of CECO Environmental stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total value of $2,894,700.00. Following the transaction, the chief financial officer directly owned 40,746 shares of the company’s stock, valued at approximately $3,931,581.54. This represents a 42.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On CECO Environmental

Institutional investors have recently modified their holdings of the business. Arkadios Wealth Advisors bought a new position in CECO Environmental in the first quarter worth about $1,066,000. California State Teachers Retirement System grew its holdings in shares of CECO Environmental by 26.8% during the first quarter. California State Teachers Retirement System now owns 34,758 shares of the company’s stock valued at $2,071,000 after purchasing an additional 7,336 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings 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 purchasing 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 1st quarter. Sei Investments Co. now owns 111,313 shares of the company’s stock worth $6,632,000 after purchasing an additional 3,338 shares during the period. Finally, Walleye Capital LLC bought a new stake in shares of CECO Environmental in the 1st quarter worth approximately $2,291,000. Institutional investors own 68.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Needham & Company LLC upped 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. Zacks Research raised shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Craig Hallum reiterated a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a report on Tuesday, April 28th. Finally, Northland Securities set a $118.00 target price on shares of CECO Environmental in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $102.83.

CECO Environmental Stock Down 2.0%

Shares of CECO Environmental stock traded down $1.80 during trading on Monday, reaching $90.07. The company had a trading volume of 700,485 shares, compared to its average volume of 690,666. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 243.43 and a beta of 1.49. CECO Environmental has a fifty-two week low of $28.01 and a fifty-two week high of $101.24. The firm’s fifty day moving average is $82.36 and its 200-day moving average is $70.18.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates 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%.The business’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.10 EPS. On average, analysts anticipate that CECO Environmental will post 1.96 EPS for the current year.

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.