Peter Johansson Sells 30,000 Shares of CECO Environmental (NASDAQ:CECO) Stock

CECO Environmental Corp. (NASDAQ:CECO) CFO Peter Johansson sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total value of $2,894,700.00. Following the transaction, the chief financial officer owned 40,746 shares of the company’s stock, valued at approximately $3,931,581.54. This trade represents a 42.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CECO Environmental Trading Down 3.4%

Shares of CECO Environmental stock opened at $91.87 on Friday. CECO Environmental Corp. has a 1 year low of $28.01 and a 1 year high of $101.24. The company’s fifty day simple moving average is $82.36 and its 200-day simple moving average is $70.08. 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 company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78.

CECO Environmental (NASDAQ:CECO) last released its earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.12 by $0.24. The firm had revenue of $205.92 million during 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 business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS. As a group, sell-side analysts expect that CECO Environmental Corp. will post 1.96 EPS for the current year.

Institutional Investors Weigh In On CECO Environmental

Large investors have recently modified their holdings of the stock. Royal Bank of Canada boosted 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 valued at $335,000 after buying an additional 1,982 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in CECO Environmental by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company’s stock valued at $398,000 after purchasing an additional 790 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake 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 in the last quarter. Jane Street Group LLC bought a new stake in shares of CECO Environmental during the first quarter worth $1,047,000. Finally, Rhumbline Advisers grew its holdings in shares of CECO Environmental by 2.4% during 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 last quarter. 68.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CECO shares. Northland Securities set a $118.00 target price on shares of CECO Environmental in a research note on Friday, June 12th. Lake Street Capital upped their price target on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings downgraded CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Finally, Roth Mkm restated a “buy” rating and set a $85.00 price objective on shares of CECO Environmental in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.