CECO Environmental (NASDAQ:CECO) Director Jason Dezwirek Sells 34,000 Shares of Stock

CECO Environmental Corp. (NASDAQ:CECO) 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 completion of the sale, the director owned 166,000 shares in the company, valued at $16,037,260. This trade represents a 17.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

CECO Environmental Trading Down 3.4%

Shares of CECO traded down $3.22 during mid-day trading on Friday, reaching $91.87. 1,877,024 shares of the company were exchanged, compared to its average volume of 690,585. CECO Environmental Corp. has a 52 week low of $28.01 and a 52 week high of $101.24. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33. The stock has a market capitalization of $3.30 billion, a PE ratio of 248.30 and a beta of 1.49. The business has a 50 day simple moving average of $81.82 and a two-hundred day simple moving average of $69.93.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, topping 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 company had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. On average, analysts predict that CECO Environmental Corp. will post 1.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CECO. ProShare Advisors LLC grew its holdings in CECO Environmental by 8.0% in the fourth quarter. ProShare Advisors LLC now owns 5,390 shares of the company’s stock worth $323,000 after purchasing an additional 399 shares during the period. Osaic Holdings Inc. grew its stake in shares of CECO Environmental by 3.5% in the 2nd quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock valued at $348,000 after buying an additional 412 shares during the period. Ellsworth Advisors LLC increased its position in CECO Environmental by 3.2% in the 4th 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 position in CECO Environmental during the 1st quarter worth approximately $29,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in CECO Environmental in the third quarter worth approximately $25,000. 68.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on CECO. Northland Securities set a $118.00 price objective on shares of CECO Environmental in a research report on Friday, June 12th. Lake Street Capital boosted their target price on shares of CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Roth Mkm reaffirmed a “buy” rating and set a $85.00 price target on shares of CECO Environmental in a research report on Wednesday, April 29th. Needham & Company LLC lifted their price objective on CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Finally, Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $102.83.

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.