CECO Environmental (NASDAQ:CECO) Reaches New 1-Year High – Here’s What Happened

CECO Environmental Corp. (NASDAQ:CECO)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $88.24 and last traded at $87.78, with a volume of 1706697 shares traded. The stock had previously closed at $78.17.

Analyst Ratings Changes

CECO has been the subject of several research analyst reports. Craig Hallum restated a “buy” rating and set a $103.00 price target on shares of CECO Environmental in a report on Tuesday, April 28th. Weiss Ratings upgraded CECO Environmental from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Needham & Company LLC raised their target price on shares of CECO Environmental from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, HC Wainwright upped their price target on shares of CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $86.83.

CECO Environmental Stock Performance

The stock has a market capitalization of $3.15 billion, a PE ratio of 237.24 and a beta of 1.53. The business’s 50 day moving average is $61.88 and its 200 day moving average is $60.76. 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 (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.24. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The business had revenue of $205.92 million during the quarter, compared to the consensus estimate of $198.88 million. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts predict that CECO Environmental Corp. will post 1.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CECO Environmental

A number of institutional investors and hedge funds have recently modified their holdings of the business. Divisadero Street Capital Management LP bought a new position in CECO Environmental in the 3rd quarter valued at $7,680,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of CECO Environmental during the third quarter worth $3,678,000. Peregrine Asset Advisers Inc. bought a new stake in shares of CECO Environmental during the third quarter worth $2,408,000. Arete Wealth Advisors LLC purchased a new stake in shares of CECO Environmental during the third quarter valued at $1,042,000. Finally, American Century Companies Inc. boosted its stake in shares of CECO Environmental by 16,844.6% during the third quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock valued at $64,399,000 after purchasing an additional 1,250,373 shares during the period. 68.08% of the stock is owned by institutional investors.

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.