CECO Environmental (NASDAQ:CECO) Earns Buy Rating from Needham & Company LLC

CECO Environmental (NASDAQ:CECO)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a report issued on Tuesday,Benzinga reports. They presently have a $110.00 price target on the stock. Needham & Company LLC’s target price would indicate a potential upside of 56.29% from the company’s current price.

Several other brokerages also recently issued reports on CECO. Craig Hallum reissued a “buy” rating and issued a $103.00 price objective on shares of CECO Environmental in a research note on Tuesday, April 28th. JPMorgan Chase & Co. initiated coverage on shares of CECO Environmental in a report on Thursday, July 9th. They set an “overweight” rating and a $130.00 price target on the stock. Zacks Research upgraded CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Northland Securities set a $118.00 target price on CECO Environmental in a research report on Friday, June 12th. Finally, Roth Capital reiterated a “buy” rating and set a $85.00 price target on shares of CECO Environmental in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $104.00.

CECO Environmental Stock Performance

CECO opened at $70.38 on Tuesday. The firm has a market cap of $2.52 billion, a PE ratio of 190.22 and a beta of 1.51. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $82.56 and a 200-day simple moving average of $73.60. CECO Environmental has a fifty-two week low of $42.78 and a fifty-two week high of $101.24.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Monday, August 10th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.21. The company had revenue of $284.96 million for the quarter, compared to analyst estimates of $282.21 million. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.CECO Environmental’s revenue for the quarter was up 53.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.26 earnings per share. As a group, equities analysts predict that CECO Environmental will post 2.09 EPS for the current fiscal year.

Insider Buying and Selling at CECO Environmental

In related news, CFO Peter K. Johansson sold 30,000 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total value of $2,894,700.00. Following the transaction, the chief financial officer directly owned 40,746 shares in the company, valued at approximately $3,931,581.54. This trade represents a 42.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jason Dezwirek sold 34,000 shares of CECO Environmental stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the completion of the transaction, the director owned 166,000 shares in the company, valued at $16,037,260. This trade represents a 17.00% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On CECO Environmental

A number of institutional investors have recently made changes to their positions in CECO. Peregrine Asset Advisers Inc. increased its holdings in CECO Environmental by 142.1% in the 4th quarter. Peregrine Asset Advisers Inc. now owns 113,870 shares of the company’s stock valued at $6,815,000 after buying an additional 66,843 shares during the period. Moran Wealth Management LLC lifted its holdings in shares of CECO Environmental by 393.4% during the 1st quarter. Moran Wealth Management LLC now owns 56,953 shares of the company’s stock worth $3,393,000 after acquiring an additional 45,411 shares during the period. Navellier & Associates Inc. boosted its position in shares of CECO Environmental by 48.5% during the 4th quarter. Navellier & Associates Inc. now owns 42,455 shares of the company’s stock valued at $2,541,000 after acquiring an additional 13,860 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of CECO Environmental during the 2nd quarter valued at about $19,944,000. Finally, Oliver Luxxe Assets LLC bought a new stake in CECO Environmental in the second quarter valued at about $2,230,000. 68.08% of the stock is currently owned by institutional investors.

Key CECO Environmental News

Here are the key news stories impacting CECO Environmental this week:

• Positive Sentiment: CECO reported second-quarter revenue of $285.0 million, up 53.7% year over year and ahead of the $282.2 million consensus estimate. Adjusted diluted EPS was $0.47, well above analyst expectations ranging from $0.24 to $0.26. CECO Environmental Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Orders nearly tripled to $798.5 million, up 191%, while backlog increased 164% to more than $1.8 billion. The figures point to strong demand and improved visibility for future revenue. CECO Environmental Reports Record Second Quarter 2026 Results
• Positive Sentiment: Adjusted EBITDA rose 73% to $40.2 million, and non-GAAP net income increased 147% to $21.5 million. Management also said the Thermon acquisition integration is producing synergies ahead of plan, reinforcing the strategic rationale for the deal.
• Positive Sentiment: CECO raised its 2026 outlook: revenue is now expected at $1.30 billion-$1.375 billion, versus a prior floor of $1.275 billion, and adjusted EBITDA at $200 million-$225 million, up from a $195 million lower bound. CECO Raises 2026 Outlook
• Neutral Sentiment: Management cited continued project demand but said it is monitoring Middle East conditions, inflation and raw-material costs. Execution and backlog conversion will remain important to the investment case.
• Negative Sentiment: GAAP results were weaker: CECO posted a $34.8 million net loss and $0.80 diluted loss per share, compared with net income of $9.5 million a year earlier. Acquisition and integration costs totaled $45.5 million, and operating income turned into a $33.2 million loss.
• Negative Sentiment: Free cash flow was negative $24.3 million for the quarter, while debt increased substantially following the Thermon acquisition. Investors may therefore focus on cash conversion, leverage and whether projected synergies offset transaction costs.

About CECO Environmental

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.