CECO Environmental (NASDAQ:CECO) Director Richard Wallman Buys 20,000 Shares

CECO Environmental Corp. (NASDAQ:CECO) Director Richard Wallman bought 20,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were bought at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the transaction, the director owned 105,500 shares in the company, valued at $8,107,675. The trade was a 23.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

CECO Environmental Trading Up 1.3%

NASDAQ CECO opened at $79.47 on Thursday. The company has a fifty day simple moving average of $71.93 and a two-hundred day simple moving average of $65.26. The stock has a market cap of $2.85 billion, a P/E ratio of 214.78 and a beta of 1.49. CECO Environmental Corp. has a 12-month low of $25.96 and a 12-month high of $92.00. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. The firm had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. On average, analysts forecast that CECO Environmental Corp. will post 1.77 earnings per share for the current year.

Institutional Investors Weigh In On CECO Environmental

Several hedge funds have recently modified their holdings of CECO. American Century Companies Inc. boosted its stake in shares of CECO Environmental by 16,844.6% during the 3rd quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock worth $64,399,000 after acquiring an additional 1,250,373 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of CECO Environmental by 104.0% during the 4th 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 in the last quarter. Capital World Investors purchased a new stake in shares of CECO Environmental during the 4th quarter worth about $19,936,000. Two Sigma Investments LP boosted its stake in shares of CECO Environmental by 3,620.8% during the 3rd quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock worth $15,498,000 after acquiring an additional 294,556 shares in the last quarter. Finally, IES Holdings Inc. purchased a new stake in shares of CECO Environmental during the 4th quarter worth about $16,963,000. 68.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Craig Hallum reaffirmed a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a report on Tuesday, April 28th. HC Wainwright increased their price target on shares of CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Weiss Ratings lowered shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $80.00 price objective on shares of CECO Environmental in a report on Wednesday, February 25th. One investment analyst has 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. Based on data from MarketBeat.com, CECO Environmental presently has a consensus rating of “Buy” and a consensus price target of $86.83.

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.