Jason Dezwirek Sells 34,000 Shares of CECO Environmental (NASDAQ:CECO) Stock

CECO Environmental Corp. (NASDAQ:CECO) 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 completion of the sale, the director directly owned 166,000 shares in the company, valued at approximately $16,037,260. The trade was a 17.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

CECO Environmental Trading Down 3.4%

Shares of CECO opened at $91.87 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 company has a market cap of $3.30 billion, a price-to-earnings ratio of 248.30 and a beta of 1.49. The stock has a fifty day moving average price of $82.36 and a two-hundred day moving average price of $70.08. CECO Environmental Corp. has a 52-week low of $28.01 and a 52-week 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, topping the consensus estimate of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The company had revenue of $205.92 million for the quarter, compared to analysts’ expectations of $198.88 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The business’s revenue for the quarter was up 16.5% on a year-over-year basis. Analysts predict that CECO Environmental Corp. will post 1.96 EPS for the current fiscal year.

Institutional Trading of CECO Environmental

Several institutional investors and hedge funds have recently bought and sold shares of CECO. Vanguard Group Inc. grew its stake in shares of CECO Environmental by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock valued at $106,569,000 after acquiring an additional 9,840 shares in the last quarter. American Century Companies Inc. increased its stake in CECO Environmental by 16,844.6% during the 3rd quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock worth $64,399,000 after acquiring an additional 1,250,373 shares during the period. Dimensional Fund Advisors LP raised its holdings in CECO Environmental by 0.9% in the 1st 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 lifted its position in shares of CECO Environmental by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 729,700 shares of the company’s stock valued at $43,680,000 after acquiring an additional 8,734 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of CECO Environmental by 104.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock worth $43,032,000 after purchasing an additional 366,611 shares in the last quarter. Institutional investors own 68.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Northland Securities set a $118.00 price objective on CECO Environmental in a report on Friday, June 12th. Needham & Company LLC raised their price target on CECO Environmental from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Craig Hallum reiterated a “buy” rating and issued a $103.00 price objective on shares of CECO Environmental in a research report on Tuesday, April 28th. Lake Street Capital raised their price objective on shares of CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, CECO Environmental presently has a consensus rating of “Buy” and a consensus price target of $102.83.

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.