CECO Environmental Corp. (NASDAQ:CECO) Given Average Rating of “Buy” by Analysts

Shares of CECO Environmental Corp. (NASDAQ:CECO) have earned a consensus rating of “Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings 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 twelve-month price objective among brokerages that have covered the stock in the last year is $106.7143.

A number of brokerages recently issued reports on CECO. 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 research report on Wednesday, June 10th. Zacks Research raised shares of 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 shares of CECO Environmental in a report on Friday, June 12th. Needham & Company LLC boosted their price target on CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Finally, Craig Hallum restated a “buy” rating and issued a $103.00 price target on shares of CECO Environmental in a research note on Tuesday, April 28th.

Insiders Place Their Bets

In other CECO Environmental news, Director Jason Dezwirek sold 34,000 shares of the business’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total value of $3,284,740.00. Following the sale, the director directly 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 legal filing with the SEC, which can be accessed through this link. Also, Director Richard F. Wallman purchased 20,000 shares of CECO Environmental stock in a transaction dated Monday, June 1st. The shares were bought at an average price of $76.85 per share, with a total value of $1,537,000.00. Following the completion of the acquisition, the director directly owned 105,500 shares of the company’s stock, valued at approximately $8,107,675. This represents a 23.39% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 18.40% of the company’s stock.

Institutional Trading of CECO Environmental

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of CECO Environmental by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock valued at $106,569,000 after buying an additional 9,840 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of CECO Environmental by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 903,291 shares of the company’s stock valued at $53,813,000 after acquiring an additional 7,751 shares in the last quarter. Geode Capital Management LLC raised its holdings in CECO Environmental by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 729,700 shares of the company’s stock worth $43,680,000 after acquiring an additional 8,734 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in CECO Environmental by 104.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock worth $43,032,000 after acquiring an additional 366,611 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in CECO Environmental by 3.0% in the 4th quarter. William Blair Investment Management LLC now owns 706,273 shares of the company’s stock valued at $42,270,000 after acquiring an additional 20,531 shares in the last quarter. 68.08% of the stock is currently owned by institutional investors.

CECO Environmental Price Performance

CECO opened at $81.82 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 221.14 and a beta of 1.47. The stock has a fifty day simple moving average of $85.73 and a two-hundred day simple moving average of $73.02. CECO Environmental has a 12-month low of $32.07 and a 12-month high of $101.24.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. The firm had revenue of $205.92 million for the quarter, compared to analysts’ expectations of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 EPS. Research analysts predict that CECO Environmental will post 1.97 earnings per share for the current fiscal year.

About CECO Environmental

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.