CECO Environmental (NASDAQ:CECO) Reaches New 12-Month High – Here’s Why

Shares of CECO Environmental Corp. (NASDAQ:CECO) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $92.00 and last traded at $87.2250, with a volume of 45278 shares trading hands. The stock had previously closed at $80.53.

Analyst Ratings Changes

Several brokerages recently weighed in on CECO. Weiss Ratings cut shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Roth Mkm reaffirmed a “buy” rating and set a $85.00 target price on shares of CECO Environmental in a report on Wednesday, April 29th. Craig Hallum reiterated a “buy” rating and issued a $103.00 price target on shares of CECO Environmental in a research report on Tuesday, April 28th. Finally, HC Wainwright raised their price objective on CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $86.83.

CECO Environmental Stock Performance

The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33. The stock’s 50 day moving average price is $73.02 and its 200 day moving average price is $65.93. The company has a market capitalization of $3.16 billion, a P/E ratio of 233.65 and a beta of 1.49.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.24. The business had revenue of $205.92 million during the quarter, compared to the consensus estimate of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. CECO Environmental’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, equities analysts expect that CECO Environmental Corp. will post 1.77 EPS for the current year.

Insider Activity

In other CECO Environmental news, Director Richard F. Wallman acquired 20,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were bought at an average cost of $76.85 per share, with a total value of $1,537,000.00. Following the purchase, the director directly owned 105,500 shares of the company’s stock, valued at $8,107,675. This trade represents a 23.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 18.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CECO Environmental

Several institutional investors have recently added to or reduced their stakes in CECO. ProShare Advisors LLC boosted its holdings in shares of CECO Environmental by 8.0% during the 4th quarter. ProShare Advisors LLC now owns 5,390 shares of the company’s stock worth $323,000 after buying an additional 399 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of CECO Environmental by 3.5% in the 2nd quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock valued at $348,000 after acquiring an additional 412 shares in the last quarter. Ellsworth Advisors LLC lifted its position in shares of CECO Environmental by 3.2% during the 4th quarter. Ellsworth Advisors LLC now owns 15,047 shares of the company’s stock valued at $996,000 after acquiring an additional 462 shares during the period. Morton Brown Family Wealth LLC acquired a new position in shares of CECO Environmental during the 1st quarter valued at $29,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in CECO Environmental during the third quarter worth $25,000. 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.