CECO Environmental (NASDAQ:CECO) Director Sells $3,284,740.00 in Stock

CECO Environmental Corp. (NASDAQ:CECO) Director Jason Dezwirek sold 34,000 shares of the company’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 completion of the transaction, the director owned 166,000 shares in the company, valued at approximately $16,037,260. This trade represents a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

CECO Environmental Stock Performance

Shares of NASDAQ CECO opened at $91.87 on Monday. The company has a market cap of $3.30 billion, a PE ratio of 248.30 and a beta of 1.49. CECO Environmental Corp. has a 12 month low of $28.01 and a 12 month high of $101.24. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18. The company has a 50-day simple moving average of $82.36 and a 200-day simple moving average of $70.18.

CECO Environmental (NASDAQ:CECO) last announced 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 business had revenue of $205.92 million for the quarter, compared to the consensus estimate of $198.88 million. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities analysts anticipate that CECO Environmental Corp. will post 1.96 earnings per share for the current year.

Hedge Funds Weigh In On CECO Environmental

A number of hedge funds have recently made changes to their positions in the stock. ProShare Advisors LLC grew its stake in shares of CECO Environmental by 8.0% during the 4th 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 period. Osaic Holdings Inc. raised its position in shares of CECO Environmental by 3.5% in the 2nd quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock worth $348,000 after buying an additional 412 shares during the period. Ellsworth Advisors LLC boosted its holdings in CECO Environmental by 3.2% in the fourth quarter. Ellsworth Advisors LLC now owns 15,047 shares of the company’s stock valued at $996,000 after acquiring an additional 462 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new position in CECO Environmental in the first quarter valued at $29,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in CECO Environmental during the third quarter valued at about $25,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Craig Hallum reissued a “buy” rating and set a $103.00 price target on shares of CECO Environmental in a research note on Tuesday, April 28th. 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 upgraded CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Northland Securities set a $118.00 target price on CECO Environmental in a research report on Friday, June 12th. Finally, Weiss Ratings lowered CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $102.83.

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.