CECO Environmental Corp. (NASDAQ:CECO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of CECO Environmental Corp. (NASDAQ:CECO) have earned a consensus recommendation of “Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have covered the stock in the last year is $50.80.

CECO has been the subject of a number of analyst reports. Citigroup reaffirmed an “outperform” rating on shares of CECO Environmental in a report on Wednesday, July 30th. Northland Securities set a $51.00 target price on shares of CECO Environmental in a report on Wednesday, July 30th. Needham & Company LLC lifted their target price on shares of CECO Environmental from $44.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday. Lake Street Capital reaffirmed a “buy” rating and set a $56.00 target price on shares of CECO Environmental in a report on Wednesday, July 30th. Finally, HC Wainwright boosted their price target on shares of CECO Environmental from $33.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, July 30th.

CECO Environmental Price Performance

CECO opened at $47.98 on Monday. The company has a fifty day moving average price of $36.05 and a two-hundred day moving average price of $28.26. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.34. CECO Environmental has a 52 week low of $17.57 and a 52 week high of $48.31. The firm has a market capitalization of $1.70 billion, a PE ratio of 33.55, a P/E/G ratio of 2.79 and a beta of 1.39.

CECO Environmental (NASDAQ:CECO) last released its earnings results on Tuesday, July 29th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. CECO Environmental had a net margin of 7.99% and a return on equity of 10.00%. The firm had revenue of $185.39 million during the quarter, compared to analyst estimates of $178.66 million. CECO Environmental has set its FY 2025 guidance at EPS. As a group, analysts anticipate that CECO Environmental will post 0.67 earnings per share for the current year.

Insider Buying and Selling at CECO Environmental

In other news, Director Jason Dezwirek sold 70,000 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $42.75, for a total value of $2,992,500.00. Following the completion of the transaction, the director owned 230,000 shares of the company’s stock, valued at $9,832,500. The trade was a 23.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Claudio A. Mannarino sold 20,000 shares of the business’s stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $41.51, for a total transaction of $830,200.00. Following the completion of the transaction, the director directly owned 77,589 shares of the company’s stock, valued at $3,220,719.39. This trade represents a 20.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 120,000 shares of company stock valued at $5,128,900 in the last three months. 16.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On CECO Environmental

Several institutional investors have recently added to or reduced their stakes in CECO. JPMorgan Chase & Co. lifted its position in CECO Environmental by 15.3% in the 4th quarter. JPMorgan Chase & Co. now owns 16,894 shares of the company’s stock valued at $511,000 after acquiring an additional 2,236 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in CECO Environmental by 18.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,373 shares of the company’s stock valued at $344,000 after acquiring an additional 1,779 shares in the last quarter. Voya Investment Management LLC lifted its position in CECO Environmental by 6,409.3% in the 4th quarter. Voya Investment Management LLC now owns 645,853 shares of the company’s stock valued at $19,524,000 after acquiring an additional 635,931 shares in the last quarter. Two Sigma Securities LLC bought a new stake in CECO Environmental in the 4th quarter valued at $262,000. Finally, Northern Trust Corp lifted its position in CECO Environmental by 1.0% in the 4th quarter. Northern Trust Corp now owns 275,310 shares of the company’s stock valued at $8,323,000 after acquiring an additional 2,638 shares in the last quarter. 68.08% of the stock is owned by institutional investors.

About CECO Environmental

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.