CECO Environmental (NASDAQ:CECO) Upgraded by TD Cowen to Strong-Buy Rating

CECO Environmental (NASDAQ:CECO) was upgraded by TD Cowen to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also issued reports on CECO. JPMorgan Chase & Co. started coverage on shares of CECO Environmental in a research note on Thursday, July 9th. They set an “overweight” rating and a $130.00 target price for the company. Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Weiss Ratings cut CECO Environmental from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, July 29th. Craig Hallum reissued a “buy” rating and issued a $103.00 price objective on shares of CECO Environmental in a report on Tuesday, April 28th. Finally, Northland Securities set a $118.00 target price on CECO Environmental in a research report on Friday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CECO Environmental currently has an average rating of “Buy” and a consensus price target of $104.00.

CECO Environmental Stock Performance

Shares of CECO opened at $69.12 on Wednesday. The firm has a fifty day moving average of $83.10 and a 200-day moving average of $73.54. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 186.81 and a beta of 1.51. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33. CECO Environmental has a 1 year low of $42.78 and a 1 year high of $101.24.

Insider Transactions at CECO Environmental

In related news, CFO Peter K. Johansson sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the sale, the chief financial officer owned 40,746 shares of the company’s stock, valued at $3,931,581.54. The trade was a 42.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard F. Wallman bought 20,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was purchased at an average price of $76.85 per share, with a total value of $1,537,000.00. Following the completion of the transaction, 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 SEC filing for this purchase provides additional information. Company insiders own 18.40% of the company’s stock.

Institutional Trading of CECO Environmental

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Peregrine Asset Advisers Inc. lifted its position in shares of 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 acquiring an additional 66,843 shares in the last quarter. Moran Wealth Management LLC grew its holdings in shares of CECO Environmental by 393.4% during the first quarter. Moran Wealth Management LLC now owns 56,953 shares of the company’s stock valued at $3,393,000 after buying an additional 45,411 shares in the last quarter. Navellier & Associates Inc. raised its position in CECO Environmental by 48.5% during the fourth quarter. Navellier & Associates Inc. now owns 42,455 shares of the company’s stock valued at $2,541,000 after buying an additional 13,860 shares during the period. Capital World Investors acquired a new position in CECO Environmental during the fourth quarter valued at $19,936,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in CECO Environmental in the 1st quarter worth about $556,000. Institutional investors own 68.08% of the company’s stock.

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.