CECO Environmental Corp. (NASDAQ:CECO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of CECO Environmental Corp. (NASDAQ:CECO) have received a consensus recommendation of “Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $102.8333.

CECO has been the subject of a number of analyst reports. Weiss Ratings lowered CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. 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. Needham & Company LLC upped their price target on CECO Environmental from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Lake Street Capital upped their price target on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, HC Wainwright upped their price target on CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, February 25th.

Insider Activity

In related news, Director Richard F. Wallman purchased 20,000 shares of the company’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 transaction, the director directly owned 105,500 shares of the company’s stock, valued at approximately $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 through this link. 18.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On CECO Environmental

Large investors have recently made changes to their positions in the stock. ProShare Advisors LLC raised its stake in CECO Environmental by 8.0% in the fourth quarter. ProShare Advisors LLC now owns 5,390 shares of the company’s stock valued at $323,000 after buying an additional 399 shares in the last quarter. Osaic Holdings Inc. raised its stake in CECO Environmental by 3.5% in the second quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock valued at $348,000 after buying an additional 412 shares in the last quarter. Ellsworth Advisors LLC raised its stake in CECO Environmental by 3.2% in the fourth quarter. Ellsworth Advisors LLC now owns 15,047 shares of the company’s stock valued at $996,000 after buying an additional 462 shares in the last quarter. Morton Brown Family Wealth LLC acquired a new stake in CECO Environmental in the first quarter valued at $29,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in CECO Environmental in the third quarter valued at $25,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

CECO Environmental Price Performance

Shares of CECO Environmental stock opened at $98.68 on Friday. The business has a 50 day simple moving average of $79.33 and a two-hundred day simple moving average of $68.62. CECO Environmental has a 12 month low of $27.50 and a 12 month high of $101.24. The stock has a market capitalization of $3.54 billion, a P/E ratio of 266.70 and a beta of 1.49. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18.

CECO Environmental (NASDAQ:CECO) last announced its 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. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The business had revenue of $205.92 million during the quarter, compared to analysts’ expectations of $198.88 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. The business’s revenue was up 16.5% compared to the same quarter last year. As a group, analysts predict that CECO Environmental will post 1.96 EPS for the current fiscal year.

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.