CECO Environmental Corp. (NASDAQ:CECO) Given Consensus Recommendation of “Buy” by Brokerages

CECO Environmental Corp. (NASDAQ:CECO) has received an average rating of “Buy” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $106.7143.

A number of equities analysts have issued reports on the company. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. started coverage on shares of CECO Environmental in a research report on Thursday, July 9th. They set an “overweight” rating and a $130.00 price target for the company. Lake Street Capital lifted their price target on shares of CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Needham & Company LLC upped their price target on shares of CECO Environmental from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, Northland Securities set a $118.00 price objective on shares of CECO Environmental in a research note on Friday, June 12th.

Insider Activity

In related news, Director Jason Dezwirek sold 34,000 shares of CECO Environmental stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total value of $3,284,740.00. Following the completion of the transaction, the director directly owned 166,000 shares in the company, valued at approximately $16,037,260. This trade represents a 17.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard F. Wallman acquired 20,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average cost of $76.85 per share, with a total value of $1,537,000.00. Following the completion of the acquisition, the director owned 105,500 shares of the company’s stock, valued at $8,107,675. The trade was a 23.39% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in CECO Environmental by 71.6% during the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after purchasing an additional 154 shares in the last quarter. ProShare Advisors LLC boosted its stake in CECO Environmental by 8.0% during the 4th quarter. ProShare Advisors LLC now owns 5,390 shares of the company’s stock valued at $323,000 after purchasing an additional 399 shares in the last quarter. Osaic Holdings Inc. boosted its stake in CECO Environmental by 3.5% during the 2nd quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock valued at $348,000 after purchasing an additional 412 shares in the last quarter. Ellsworth Advisors LLC increased its position in shares of CECO Environmental by 3.2% during the 4th quarter. Ellsworth Advisors LLC now owns 15,047 shares of the company’s stock valued at $996,000 after purchasing an additional 462 shares during the period. Finally, Morton Brown Family Wealth LLC acquired a new position in shares of CECO Environmental during the 1st quarter valued at $29,000. Institutional investors own 68.08% of the company’s stock.

CECO Environmental Trading Down 1.3%

NASDAQ:CECO opened at $78.88 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33. CECO Environmental has a one year low of $31.00 and a one year high of $101.24. The business’s 50-day simple moving average is $85.73 and its 200 day simple moving average is $72.71. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 213.19 and a beta of 1.47.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The firm had revenue of $205.92 million during the quarter, compared to the consensus estimate of $198.88 million. During the same quarter in the prior year, the business posted $0.10 earnings per share. CECO Environmental’s revenue for the quarter was up 16.5% on a year-over-year basis. As a group, sell-side analysts predict that CECO Environmental will post 1.97 earnings per share for the current fiscal year.

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.