Richard F. Wallman Buys 5,000 Shares of CECO Environmental Corp. (NASDAQ:CECO) Stock

CECO Environmental Corp. (NASDAQ:CECO) Director Richard F. Wallman acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average price of $21.95 per share, with a total value of $109,750.00. Following the acquisition, the director now owns 191,853 shares in the company, valued at $4,211,173.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

CECO Environmental Trading Down 2.3 %

NASDAQ CECO opened at $22.45 on Friday. CECO Environmental Corp. has a one year low of $10.68 and a one year high of $25.82. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.38. The company has a market capitalization of $784.40 million, a price-to-earnings ratio of 64.14, a price-to-earnings-growth ratio of 1.57 and a beta of 1.24. The company’s 50-day simple moving average is $22.70 and its two-hundred day simple moving average is $20.36.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $126.30 million during the quarter, compared to the consensus estimate of $135.82 million. CECO Environmental had a net margin of 2.23% and a return on equity of 11.57%. CECO Environmental’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Equities analysts forecast that CECO Environmental Corp. will post 0.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CECO. AJOVista LLC bought a new position in CECO Environmental in the fourth quarter worth about $57,000. Tower Research Capital LLC TRC grew its position in shares of CECO Environmental by 89.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $94,000 after buying an additional 2,195 shares during the last quarter. Kessler Investment Group LLC bought a new position in shares of CECO Environmental during the 4th quarter worth approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in CECO Environmental in the fourth quarter valued at approximately $159,000. Finally, Boston Partners acquired a new stake in CECO Environmental in the third quarter valued at approximately $201,000. 68.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CECO. Roth Mkm lifted their target price on CECO Environmental from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Northland Securities boosted their price objective on shares of CECO Environmental from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. HC Wainwright reaffirmed a “buy” rating and set a $30.00 target price on shares of CECO Environmental in a research report on Wednesday. Needham & Company LLC lifted their price target on shares of CECO Environmental from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Craig Hallum increased their price objective on CECO Environmental from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, CECO Environmental presently has a consensus rating of “Buy” and an average price target of $27.40.

About CECO Environmental

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.