CECO Environmental (NASDAQ:CECO) Stock Rating Reaffirmed by HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of CECO Environmental (NASDAQ:CECO) in a report released on Wednesday morning, Benzinga reports. The firm currently has a $30.00 price objective on the stock.

Other research analysts have also issued research reports about the company. Roth Mkm increased their target price on CECO Environmental from $22.00 to $25.00 and gave the company a buy rating in a research report on Wednesday, March 6th. Northland Securities increased their target price on CECO Environmental from $27.00 to $28.00 and gave the company an outperform rating in a research report on Wednesday, March 6th. Finally, Needham & Company LLC increased their target price on CECO Environmental from $23.00 to $26.00 and gave the company a buy rating in a research report on Wednesday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of Buy and a consensus price target of $27.40.

CECO Environmental Trading Up 1.8 %

CECO Environmental stock opened at $22.00 on Wednesday. CECO Environmental has a 12 month low of $10.68 and a 12 month high of $25.82. The firm has a market cap of $767.14 million, a PE ratio of 59.46, a P/E/G ratio of 1.76 and a beta of 1.23. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. The stock’s 50 day simple moving average is $22.62 and its two-hundred day simple moving average is $20.33.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Tuesday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11. CECO Environmental had a return on equity of 11.57% and a net margin of 2.37%. The firm had revenue of $126.30 million for the quarter, compared to analyst estimates of $135.82 million. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue was up 12.2% on a year-over-year basis. Analysts anticipate that CECO Environmental will post 0.96 earnings per share for the current year.

Insider Buying and Selling at CECO Environmental

In other news, Director Laurie Siegel acquired 2,500 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of $19.87 per share, for a total transaction of $49,675.00. Following the acquisition, the director now owns 7,906 shares of the company’s stock, valued at approximately $157,092.22. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.90% of the stock is currently owned by insiders.

Institutional Trading of CECO Environmental

A number of hedge funds and other institutional investors have recently modified their holdings of CECO. AJOVista LLC acquired a new stake in shares of CECO Environmental in the 4th quarter worth $57,000. Tower Research Capital LLC TRC increased its stake in shares of CECO Environmental by 89.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $94,000 after acquiring an additional 2,195 shares during the last quarter. Kessler Investment Group LLC acquired a new stake in shares of CECO Environmental in the 4th quarter worth $125,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of CECO Environmental in the 4th quarter worth $159,000. Finally, Boston Partners acquired a new stake in shares of CECO Environmental in the 3rd quarter worth $201,000. 68.08% of the stock is owned by institutional investors and hedge funds.

CECO Environmental Company Profile

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.