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

Shares of CECO Environmental Corp. (NASDAQ:CECO) have received a consensus recommendation of “Buy” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $102.8333.

A number of analysts have recently commented on the company. Lake Street Capital upped their target price on CECO Environmental from $80.00 to $111.00 and gave the stock 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. Needham & Company LLC upped their target price on CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Northland Securities set a $118.00 target price on CECO Environmental in a research note on Friday, June 12th. Finally, Weiss Ratings downgraded CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th.

Insiders Place Their Bets

In other CECO Environmental news, Director Richard F. Wallman purchased 20,000 shares of CECO Environmental stock in a transaction that occurred on Monday, June 1st. The stock was bought at an average price of $76.85 per share, with a total value of $1,537,000.00. Following the acquisition, the director owned 105,500 shares of the company’s stock, valued at $8,107,675. This trade represents a 23.39% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 18.40% of the company’s stock.

Hedge Funds Weigh In On CECO Environmental

A number of large investors have recently bought and sold shares of the business. Divisadero Street Capital Management LP acquired a new position in shares of CECO Environmental during the third quarter valued at approximately $7,680,000. Arete Wealth Advisors LLC acquired a new position in shares of CECO Environmental during the third quarter valued at approximately $1,042,000. American Century Companies Inc. raised its holdings in shares of CECO Environmental by 16,844.6% during the third quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock valued at $64,399,000 after acquiring an additional 1,250,373 shares during the last quarter. Peregrine Asset Advisers Inc. raised its holdings in shares of CECO Environmental by 142.1% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 113,870 shares of the company’s stock valued at $6,815,000 after acquiring an additional 66,843 shares during the last quarter. Finally, Quantbot Technologies LP raised its holdings in shares of CECO Environmental by 314.5% during the third quarter. Quantbot Technologies LP now owns 31,088 shares of the company’s stock valued at $1,592,000 after acquiring an additional 23,587 shares during the last quarter. Institutional investors and hedge funds own 68.08% of the company’s stock.

CECO Environmental Stock Up 0.3%

CECO Environmental stock opened at $98.68 on Friday. 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 business’s 50-day simple moving average is $79.33 and its two-hundred day simple moving average is $68.62. The company has a market cap of $3.54 billion, a PE ratio of 266.70 and a beta of 1.49. CECO Environmental has a fifty-two week low of $27.50 and a fifty-two week high of $101.24.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.24. The business had revenue of $205.92 million for 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 company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. Equities analysts anticipate that CECO Environmental will post 1.96 EPS for the current 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.