CECO Environmental (NASDAQ:CECO) Hits New 52-Week High – Time to Buy?

Shares of CECO Environmental Corp. (NASDAQ:CECO) hit a new 52-week high during trading on Tuesday . The company traded as high as $92.00 and last traded at $87.2250, with a volume of 45278 shares trading hands. The stock had previously closed at $80.53.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CECO. Lake Street Capital lifted their target price on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday. Craig Hallum restated a “buy” rating and issued a $103.00 target price on shares of CECO Environmental in a research note on Tuesday, April 28th. Needham & Company LLC lifted 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. Roth Mkm restated a “buy” rating and issued a $85.00 target price on shares of CECO Environmental in a research note on Wednesday, April 29th. Finally, Zacks Research upgraded CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $95.33.

CECO Environmental Stock Performance

The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average price of $74.42 and a 200-day moving average price of $66.54. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 249.43 and a beta of 1.49.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate 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 revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. As a group, equities research analysts forecast that CECO Environmental Corp. will post 1.77 earnings per share for the current year.

Insider Activity

In other CECO Environmental news, Director Richard F. Wallman acquired 20,000 shares of CECO Environmental stock in a transaction dated Monday, June 1st. The stock was acquired at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the completion of the transaction, the director owned 105,500 shares in the company, valued at approximately $8,107,675. This represents a 23.39% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 18.40% of the company’s stock.

Institutional Investors Weigh In On CECO Environmental

A number of institutional investors have recently added to or reduced their stakes in CECO. Royal Bank of Canada lifted its position in CECO Environmental by 15.6% in the first quarter. Royal Bank of Canada now owns 14,661 shares of the company’s stock worth $335,000 after purchasing an additional 1,982 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CECO Environmental by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock worth $398,000 after purchasing an additional 790 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in CECO Environmental by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 93,137 shares of the company’s stock worth $2,124,000 after purchasing an additional 5,000 shares during the period. Jane Street Group LLC acquired a new stake in CECO Environmental in the first quarter worth approximately $1,047,000. Finally, Rhumbline Advisers lifted its position in CECO Environmental by 2.4% in the second quarter. Rhumbline Advisers now owns 43,137 shares of the company’s stock worth $1,221,000 after purchasing an additional 991 shares during the period. 68.08% of the stock is currently 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.