CECO Environmental (NASDAQ:CECO) Shares Gap Up – Here’s What Happened

CECO Environmental Corp. (NASDAQ:CECO) gapped up prior to trading on Thursday . The stock had previously closed at $79.53, but opened at $85.54. CECO Environmental shares last traded at $82.8640, with a volume of 61,359 shares changing hands.

Analyst Upgrades and Downgrades

CECO has been the topic of a number of recent research reports. JPMorgan Chase & Co. began coverage on shares of CECO Environmental in a research report on Thursday. They set an “overweight” rating and a $130.00 price target on the stock. Roth Capital reissued a “buy” rating and issued a $85.00 price objective on shares of CECO Environmental in a report on Wednesday, April 29th. Needham & Company LLC increased their target price on shares of CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Craig Hallum reaffirmed a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a report on Tuesday, April 28th. Finally, Weiss Ratings downgraded shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $106.71.

CECO Environmental Stock Performance

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 stock’s 50 day moving average price is $85.47 and its 200 day moving average price is $71.55. The company has a market capitalization of $2.99 billion, a P/E ratio of 225.35 and a beta of 1.47.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, topping 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 net margin of 1.70% and a return on equity of 13.69%. CECO Environmental’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, equities analysts expect that CECO Environmental Corp. will post 1.96 EPS for the current year.

Insider Transactions at CECO Environmental

In related news, Director Jason Dezwirek sold 34,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was 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 in the company, valued at $16,037,260. This represents a 17.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard F. Wallman bought 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were acquired at an average cost of $76.85 per share, with a total value of $1,537,000.00. Following the purchase, the director directly 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. Corporate insiders own 18.40% of the company’s stock.

Hedge Funds Weigh In On CECO Environmental

Several institutional investors have recently added to or reduced their stakes in the business. Oliver Luxxe Assets LLC bought a new position in shares of CECO Environmental during the 2nd quarter worth approximately $2,230,000. Assenagon Asset Management S.A. bought a new stake in shares of CECO Environmental in the 2nd quarter valued at $19,944,000. GAMMA Investing LLC lifted its position in shares of CECO Environmental by 71.6% during the 2nd quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock valued at $33,000 after acquiring an additional 154 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of CECO Environmental during the 1st quarter valued at $1,066,000. Finally, California State Teachers Retirement System boosted its stake in CECO Environmental by 26.8% during the first quarter. California State Teachers Retirement System now owns 34,758 shares of the company’s stock worth $2,071,000 after acquiring an additional 7,336 shares in the last quarter. 68.08% of the stock is owned by institutional investors and hedge funds.

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.