CECO Environmental (NASDAQ:CECO) Shares Up 9.6% – Time to Buy?

Shares of CECO Environmental Corp. (NASDAQ:CECO) shot up 9.6% during mid-day trading on Tuesday . The company traded as high as $84.63 and last traded at $85.6430. 98,821 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 557,461 shares. The stock had previously closed at $78.17.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CECO. Craig Hallum reaffirmed a “buy” rating and issued a $103.00 price target on shares of CECO Environmental in a research report on Tuesday, April 28th. Weiss Ratings raised CECO Environmental from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Needham & Company LLC increased their price objective on CECO Environmental from $80.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Lake Street Capital reiterated a “buy” rating and issued a $80.00 price objective on shares of CECO Environmental in a report on Wednesday, February 25th. Finally, Zacks Research upgraded CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $86.83.

CECO Environmental Stock Down 5.6%

The business has a 50 day moving average of $62.48 and a 200-day moving average of $61.23. The stock has a market cap of $2.92 billion, a PE ratio of 219.95 and a beta of 1.53. 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 released its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.24. The firm had revenue of $205.92 million for the quarter, compared to the consensus estimate of $198.88 million. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. Equities research analysts predict that CECO Environmental Corp. will post 1.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. ProShare Advisors LLC grew its stake 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 purchasing an additional 399 shares during the last quarter. 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 purchasing an additional 412 shares during the last quarter. Ellsworth Advisors LLC grew its stake in shares of 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 purchasing an additional 462 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new position in shares of CECO Environmental in the 1st quarter valued at approximately $29,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of CECO Environmental in the 3rd quarter valued at approximately $25,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

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.