CECO Environmental Corp. (NASDAQ:CECO) Sees Significant Decline in Short Interest

CECO Environmental Corp. (NASDAQ:CECO) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 1,906,224 shares, a drop of 68.3% from the May 31st total of 6,010,071 shares. Based on an average daily volume of 1,095,473 shares, the days-to-cover ratio is currently 1.7 days. Currently, 6.5% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of research firms have recently commented on CECO. Craig Hallum reiterated a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a research report on Tuesday, April 28th. Northland Securities set a $118.00 target price on CECO Environmental in a report on Friday, June 12th. Roth Mkm restated a “buy” rating and set a $85.00 price target on shares of CECO Environmental in a research note on Wednesday, April 29th. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Finally, Needham & Company LLC lifted their price target on CECO Environmental from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $102.83.

CECO Environmental Price Performance

Shares of CECO Environmental stock traded down $3.22 during trading on Friday, reaching $91.87. The company’s stock had a trading volume of 1,877,024 shares, compared to its average volume of 986,728. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average price of $82.36 and a 200-day moving average price of $70.08. CECO Environmental has a 12-month low of $28.01 and a 12-month high of $101.24. The company has a market capitalization of $3.30 billion, a P/E ratio of 248.30 and a beta of 1.49.

CECO Environmental (NASDAQ:CECO) last issued its earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The company had revenue of $205.92 million during the quarter, compared to analysts’ expectations of $198.88 million. During the same period last year, the company posted $0.10 earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that CECO Environmental will post 1.96 EPS for the current year.

Insider Transactions at CECO Environmental

In other news, Director Jason Dezwirek sold 34,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the completion of the sale, the director owned 166,000 shares in the company, valued at approximately $16,037,260. The trade was a 17.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Peter K. Johansson sold 30,000 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the completion of the transaction, the chief financial officer owned 40,746 shares of the company’s stock, valued at approximately $3,931,581.54. The trade was a 42.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 18.40% of the company’s stock.

Institutional Investors Weigh In On CECO Environmental

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd acquired a new stake in CECO Environmental during the third quarter worth about $25,000. Morton Brown Family Wealth LLC acquired a new stake in shares of CECO Environmental in the 1st quarter valued at about $29,000. Aventura Private Wealth LLC bought a new position in CECO Environmental during the 4th quarter worth approximately $30,000. Advisory Services Network LLC acquired a new stake in shares of CECO Environmental during the third quarter worth $31,000. Finally, KBC Group NV acquired a new position in CECO Environmental in the first quarter valued at approximately $44,000. 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.