HC Wainwright Upgrades CECO Environmental (NASDAQ:CECO) to Buy

CECO Environmental (NASDAQ:CECO) was upgraded by stock analysts at HC Wainwright from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, MarketBeat reports. The brokerage currently has a $33.00 price target on the stock. HC Wainwright’s price objective would indicate a potential upside of 35.19% from the stock’s current price. HC Wainwright also issued estimates for CECO Environmental’s Q2 2025 earnings at $0.27 EPS.

Several other equities analysts also recently issued reports on CECO. Craig Hallum boosted their price objective on CECO Environmental from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and set a $33.00 price target on shares of CECO Environmental in a research report on Wednesday, February 26th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $36.00.

CECO Environmental Trading Up 2.6 %

Shares of NASDAQ CECO opened at $24.41 on Wednesday. CECO Environmental has a 12-month low of $17.57 and a 12-month high of $35.16. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50. The stock’s 50 day simple moving average is $22.17 and its 200 day simple moving average is $26.43. The company has a market cap of $859.65 million, a price-to-earnings ratio of 73.97, a price-to-earnings-growth ratio of 1.39 and a beta of 1.30.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The business had revenue of $176.70 million during the quarter, compared to analyst estimates of $151.53 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The company’s quarterly revenue was up 39.9% compared to the same quarter last year. Equities research analysts expect that CECO Environmental will post 0.67 EPS for the current year.

Insiders Place Their Bets

In other CECO Environmental news, Director Richard F. Wallman bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $25.15 per share, for a total transaction of $25,150.00. Following the acquisition, the director now directly owns 207,117 shares of the company’s stock, valued at $5,208,992.55. This trade represents a 0.49 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Peter K. Johansson sold 22,500 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $22.80, for a total transaction of $513,000.00. Following the sale, the insider now owns 62,160 shares of the company’s stock, valued at $1,417,248. The trade was a 26.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Morse Asset Management Inc acquired a new stake in shares of CECO Environmental during the third quarter worth $76,000. Barclays PLC increased its stake in CECO Environmental by 115.0% in the 3rd quarter. Barclays PLC now owns 63,615 shares of the company’s stock worth $1,795,000 after purchasing an additional 34,027 shares in the last quarter. Principal Financial Group Inc. raised its holdings in CECO Environmental by 17.6% during the 3rd quarter. Principal Financial Group Inc. now owns 22,246 shares of the company’s stock worth $627,000 after buying an additional 3,330 shares during the period. Heck Capital Advisors LLC purchased a new stake in CECO Environmental during the fourth quarter valued at about $74,000. Finally, Calamos Advisors LLC boosted its holdings in shares of CECO Environmental by 27.7% in the fourth quarter. Calamos Advisors LLC now owns 112,075 shares of the company’s stock worth $3,388,000 after buying an additional 24,314 shares during the period. Institutional investors own 68.08% of the company’s stock.

CECO Environmental Company Profile

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.