CECO Environmental Corp. (NASDAQ:CECO) Insider Peter K. Johansson Sells 5,601 Shares

CECO Environmental Corp. (NASDAQ:CECO) insider Peter K. Johansson sold 5,601 shares of the company’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $24.15, for a total transaction of $135,264.15. Following the completion of the sale, the insider now directly owns 84,660 shares of the company’s stock, valued at approximately $2,044,539. This trade represents a 6.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

CECO Environmental Trading Down 3.8 %

NASDAQ:CECO traded down $0.90 on Monday, reaching $22.80. The stock had a trading volume of 767,735 shares, compared to its average volume of 282,960. The firm’s fifty day moving average is $25.69 and its two-hundred day moving average is $27.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12. The company has a market cap of $797.77 million, a price-to-earnings ratio of 69.09, a P/E/G ratio of 1.39 and a beta of 1.43. CECO Environmental Corp. has a 12-month low of $20.00 and a 12-month high of $35.16.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $158.60 million during the quarter, compared to the consensus estimate of $156.09 million. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.28 EPS. Equities 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 and other institutional investors have recently made changes to their positions in the business. Heck Capital Advisors LLC bought a new stake in CECO Environmental during the fourth quarter worth approximately $74,000. Mackenzie Financial Corp purchased a new stake in shares of CECO Environmental in the 4th quarter valued at approximately $56,000. Gordian Capital Singapore Pte Ltd grew its position in CECO Environmental by 86.2% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 66,098 shares of the company’s stock worth $1,998,000 after purchasing an additional 30,598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in CECO Environmental by 18.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,137 shares of the company’s stock valued at $2,664,000 after buying an additional 13,930 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of CECO Environmental during the fourth quarter worth approximately $949,000. 68.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CECO has been the subject of a number of recent research reports. Northland Securities boosted their target price on shares of CECO Environmental from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Needham & Company LLC reissued a “buy” rating and set a $33.00 target price on shares of CECO Environmental in a research report on Wednesday, February 26th. Craig Hallum lifted their price objective on shares of CECO Environmental from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, HC Wainwright reissued a “neutral” rating on shares of CECO Environmental in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.20.

About CECO Environmental

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.