CECO Environmental (NASDAQ:CECO) Shares Gap Up – Time to Buy?

CECO Environmental Corp. (NASDAQ:CECO)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $79.53, but opened at $85.54. CECO Environmental shares last traded at $82.8640, with a volume of 61,359 shares.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CECO shares. Craig Hallum restated a “buy” rating and issued a $103.00 price target on shares of CECO Environmental in a research report on Tuesday, April 28th. Northland Securities set a $118.00 price objective on shares of CECO Environmental in a research note on Friday, June 12th. Needham & Company LLC raised their target price on shares of CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings cut CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Finally, Roth Capital restated a “buy” rating and set a $85.00 price objective on shares of CECO Environmental in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, CECO Environmental presently has a consensus rating of “Buy” and an average target price of $106.71.

CECO Environmental Stock Down 0.8%

The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78. The stock has a 50-day simple moving average of $85.90 and a 200-day simple moving average of $71.81. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 226.03 and a beta of 1.47.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. The company had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. As a group, analysts predict that CECO Environmental Corp. will post 1.96 EPS for the current year.

Insiders Place Their Bets

In related news, Director Richard F. Wallman acquired 20,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was acquired at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the completion of the acquisition, the director directly owned 105,500 shares of the company’s stock, valued at approximately $8,107,675. The trade was a 23.39% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Peter K. Johansson sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the transaction, the chief financial officer owned 40,746 shares in the company, valued at $3,931,581.54. This represents a 42.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 18.40% of the stock is owned by insiders.

Hedge Funds Weigh In On CECO Environmental

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of CECO Environmental by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock worth $106,569,000 after buying an additional 9,840 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of CECO Environmental by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 903,291 shares of the company’s stock valued at $53,813,000 after buying an additional 7,751 shares during the period. Geode Capital Management LLC boosted its stake in CECO Environmental by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 729,700 shares of the company’s stock valued at $43,680,000 after buying an additional 8,734 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in CECO Environmental by 104.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock worth $43,032,000 after acquiring an additional 366,611 shares during the period. Finally, William Blair Investment Management LLC grew its holdings in CECO Environmental by 3.0% during the fourth quarter. William Blair Investment Management LLC now owns 706,273 shares of the company’s stock worth $42,270,000 after acquiring an additional 20,531 shares during the period. 68.08% of the stock is owned by institutional investors.

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.