CECO Environmental (NASDAQ:CECO) Hits New 12-Month High – Still a Buy?

CECO Environmental Corp. (NASDAQ:CECO)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $68.50 and last traded at $68.17, with a volume of 70742 shares changing hands. The stock had previously closed at $66.58.

Analyst Ratings Changes

A number of equities research analysts have commented on CECO shares. Weiss Ratings restated a “buy (b-)” rating on shares of CECO Environmental in a research note on Wednesday, October 8th. Zacks Research upgraded shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Needham & Company LLC upped their target price on shares of CECO Environmental from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Finally, Northland Securities increased their price target on CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 24th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.75.

CECO Environmental Trading Up 2.4%

The company has a current ratio of 1.33, a quick ratio of 1.13 and a debt-to-equity ratio of 0.70. The company has a 50-day moving average price of $58.03 and a two-hundred day moving average price of $50.03. The stock has a market cap of $2.43 billion, a P/E ratio of 48.38 and a beta of 1.39.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. CECO Environmental had a net margin of 7.22% and a return on equity of 10.84%. The company had revenue of $197.60 million for the quarter, compared to analyst estimates of $190.36 million. During the same period in the prior year, the company posted $0.14 EPS. The firm’s revenue for the quarter was up 45.8% on a year-over-year basis. On average, research analysts expect that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Hedge Funds Weigh In On CECO Environmental

Hedge funds have recently bought and sold shares of the business. OFI Invest Asset Management increased its stake in CECO Environmental by 3.2% in the fourth quarter. OFI Invest Asset Management now owns 18,082 shares of the company’s stock worth $1,082,000 after purchasing an additional 562 shares during the period. Ellsworth Advisors LLC grew its holdings in shares of CECO Environmental by 3.2% in the fourth quarter. Ellsworth Advisors LLC now owns 15,047 shares of the company’s stock worth $996,000 after purchasing an additional 462 shares during the last quarter. Brookstone Capital Management increased its stake in CECO Environmental by 25.3% in the 4th quarter. Brookstone Capital Management now owns 7,980 shares of the company’s stock worth $478,000 after buying an additional 1,613 shares during the period. USA Financial Formulas purchased a new position in CECO Environmental in the 4th quarter worth about $90,000. Finally, SG Americas Securities LLC lifted its holdings in CECO Environmental by 638.3% during the 4th quarter. SG Americas Securities LLC now owns 80,736 shares of the company’s stock valued at $4,832,000 after buying an additional 69,800 shares in the last quarter. 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.