CECO Environmental Corp. (NASDAQ:CECO) Short Interest Up 34.5% in February

CECO Environmental Corp. (NASDAQ:CECO) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 2,481,615 shares, an increase of 34.5% from the February 12th total of 1,844,834 shares. Currently, 8.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 854,664 shares, the short-interest ratio is currently 2.9 days. Based on an average daily trading volume, of 854,664 shares, the short-interest ratio is currently 2.9 days. Currently, 8.4% of the shares of the stock are sold short.

CECO Environmental Stock Performance

NASDAQ CECO opened at $57.06 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.34 and a debt-to-equity ratio of 0.65. CECO Environmental has a fifty-two week low of $17.57 and a fifty-two week high of $81.72. The business has a fifty day moving average of $65.98 and a 200-day moving average of $57.27. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 41.96 and a beta of 1.39.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35). The company had revenue of $214.69 million for the quarter, compared to analysts’ expectations of $205.39 million. CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.The company’s revenue for the quarter was up 35.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 EPS. As a group, analysts predict that CECO Environmental will post 0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CECO. Northland Securities lifted their price target on shares of CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, December 24th. Weiss Ratings cut CECO Environmental from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, March 4th. Roth Mkm upped their target price on CECO Environmental from $58.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. HC Wainwright raised their price target on CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Finally, Needham & Company LLC boosted their price objective on shares of CECO Environmental from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.20.

Institutional Trading of CECO Environmental

A number of hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its holdings in CECO Environmental by 165.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,283 shares of the company’s stock valued at $77,000 after acquiring an additional 800 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of CECO Environmental by 104.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock valued at $43,032,000 after purchasing an additional 366,611 shares during the period. Invesco Ltd. grew its position in shares of CECO Environmental by 217.1% in the fourth quarter. Invesco Ltd. now owns 135,511 shares of the company’s stock valued at $8,110,000 after purchasing an additional 92,772 shares during the period. Tudor Investment Corp ET AL acquired a new position in CECO Environmental in the fourth quarter valued at $6,261,000. Finally, Twinbeech Capital LP purchased a new position in CECO Environmental during the fourth quarter worth about $772,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

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.