Brokerages Set CECO Environmental Corp. (NASDAQ:CECO) PT at $104.88

CECO Environmental Corp. (NASDAQ:CECO) has been given a consensus rating of “Moderate Buy” by the ten analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $104.8750.

Several brokerages recently issued reports on CECO. Lake Street Capital raised their target price on shares of CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Zacks Research cut CECO Environmental from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. TD Cowen initiated coverage on CECO Environmental in a report on Wednesday, August 5th. They set a “buy” rating and a $85.00 price target for the company. Northland Securities set a $125.00 price objective on shares of CECO Environmental in a research report on Thursday, August 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of CECO Environmental in a report on Thursday, July 9th. They issued an “overweight” rating and a $130.00 price objective on the stock.

CECO Environmental Stock Down 3.7%

CECO Environmental stock opened at $75.39 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34. CECO Environmental has a 1-year low of $42.82 and a 1-year high of $101.24. The company has a fifty day simple moving average of $75.03 and a 200 day simple moving average of $73.87. The company has a market cap of $4.42 billion, a P/E ratio of -109.26 and a beta of 1.51.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.26 by $0.21. The firm had revenue of $284.96 million for the quarter, compared to analysts’ expectations of $282.21 million. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The company’s revenue for the quarter was up 53.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 EPS. Research analysts anticipate that CECO Environmental will post 2.43 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jason Dezwirek sold 34,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total value of $3,284,740.00. Following the transaction, the director owned 166,000 shares in the company, valued at approximately $16,037,260. This represents a 17.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter Johansson sold 30,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 40,746 shares in the company, valued at approximately $3,931,581.54. This represents a 42.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 18.40% of the company’s stock.

Hedge Funds Weigh In On CECO Environmental

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in CECO Environmental by 71.6% during the second quarter. GAMMA Investing LLC now owns 369 shares of the company’s stock worth $33,000 after buying an additional 154 shares in the last quarter. Allworth Financial LP raised its position in shares of CECO Environmental by 98.1% in the 2nd quarter. Allworth Financial LP now owns 317 shares of the company’s stock valued at $29,000 after buying an additional 157 shares in the last quarter. ProShare Advisors LLC raised its position in shares of CECO Environmental by 8.0% in the 4th 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. lifted its holdings in shares of CECO Environmental by 3.5% during the 2nd quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock worth $348,000 after acquiring an additional 412 shares during the period. Finally, Morton Brown Family Wealth LLC acquired a new stake in shares of CECO Environmental during the 1st quarter worth approximately $29,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

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.