CECO Environmental (NASDAQ:CECO) Shares Up 6.1% – What’s Next?

CECO Environmental Corp. (NASDAQ:CECO) shares traded up 6.1% during mid-day trading on Monday . The company traded as high as $84.77 and last traded at $84.47. Approximately 437,733 shares changed hands during trading, a decline of 41% from the average daily volume of 739,512 shares. The stock had previously closed at $79.59.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CECO. Needham & Company LLC restated a “buy” rating and issued a $110.00 price objective on shares of CECO Environmental in a report on Tuesday, August 11th. TD Cowen initiated coverage on shares of CECO Environmental in a report on Wednesday, August 5th. They set a “buy” rating and a $85.00 target price on the stock. Roth Capital reissued a “buy” rating and set a $85.00 target price on shares of CECO Environmental in a research report on Wednesday, April 29th. Zacks Research cut shares of CECO Environmental from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Northland Securities set a $125.00 price objective on shares of CECO Environmental in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.88.

CECO Environmental Price Performance

The firm has a market capitalization of $2.98 billion, a P/E ratio of -120.36 and a beta of 1.51. The stock’s fifty day simple moving average is $82.34 and its 200 day simple moving average is $73.83. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.50 and a quick ratio of 1.18.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings results on Monday, August 10th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.21. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The business had revenue of $284.96 million for the quarter, compared to analysts’ expectations of $282.21 million. During the same period last year, the business earned $0.26 EPS. The company’s revenue was up 53.7% compared to the same quarter last year. On average, equities research analysts predict that CECO Environmental Corp. will post 2.35 EPS for the current year.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, CFO Peter K. Johansson sold 30,000 shares of CECO Environmental 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 of the company’s stock, valued at approximately $3,931,581.54. The trade was a 42.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jason Dezwirek sold 34,000 shares of the company’s stock in a transaction on 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 transaction, the director directly owned 166,000 shares in the company, valued at approximately $16,037,260. The trade was a 17.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 16.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP purchased a new stake in shares of CECO Environmental during the second quarter worth about $29,000. GAMMA Investing LLC grew its position in CECO Environmental by 71.6% during the 2nd quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after purchasing an additional 154 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new stake in CECO Environmental during the 1st quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd acquired a new position in CECO Environmental during the 3rd quarter valued at approximately $25,000. Finally, Advisory Services Network LLC purchased a new position in shares of CECO Environmental in the third quarter worth $31,000. 68.08% of the stock is owned by institutional investors and hedge funds.

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.