CECO Environmental Corp. (NASDAQ:CECO) Insider Peter K. Johansson Sells 22,500 Shares

CECO Environmental Corp. (NASDAQ:CECO) insider Peter K. Johansson sold 22,500 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $22.80, for a total value of $513,000.00. Following the sale, the insider now owns 62,160 shares in the company, valued at $1,417,248. The trade was a 26.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

CECO Environmental Price Performance

Shares of NASDAQ CECO opened at $21.35 on Thursday. The stock has a market cap of $747.04 million, a P/E ratio of 64.70, a P/E/G ratio of 1.39 and a beta of 1.43. The firm’s 50-day simple moving average is $25.23 and its 200 day simple moving average is $27.65. CECO Environmental Corp. has a fifty-two week low of $20.00 and a fifty-two week high of $35.16. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $158.60 million for the quarter, compared to the consensus estimate of $156.09 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. CECO Environmental’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. Equities analysts expect that CECO Environmental Corp. will post 0.67 EPS for the current year.

Institutional Investors Weigh In On CECO Environmental

Institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of CECO Environmental by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,652 shares of the company’s stock worth $503,000 after buying an additional 591 shares in the last quarter. Rhumbline Advisers raised its position in CECO Environmental by 2.7% in the fourth quarter. Rhumbline Advisers now owns 40,614 shares of the company’s stock worth $1,228,000 after acquiring an additional 1,080 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in CECO Environmental by 127.0% in the 4th quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company’s stock valued at $90,000 after acquiring an additional 1,658 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of CECO Environmental by 18.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,373 shares of the company’s stock valued at $344,000 after purchasing an additional 1,779 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new position in shares of CECO Environmental in the 4th quarter worth approximately $56,000. 68.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Craig Hallum upped their price objective on CECO Environmental from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Needham & Company LLC restated a “buy” rating and set a $33.00 price target on shares of CECO Environmental in a research report on Wednesday, February 26th. Northland Securities boosted their target price on shares of CECO Environmental from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, HC Wainwright restated a “neutral” rating on shares of CECO Environmental in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.20.

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.