CECO Environmental (NASDAQ:CECO) Reaches New 52-Week High at $25.85

CECO Environmental Corp. (NASDAQ:CECO) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $25.85 and last traded at $25.82, with a volume of 92832 shares changing hands. The stock had previously closed at $24.87.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CECO. Needham & Company LLC lifted their price target on shares of CECO Environmental from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Northland Securities boosted their price objective on CECO Environmental from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Roth Mkm lifted their target price on CECO Environmental from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Craig Hallum upped their price target on CECO Environmental from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $30.00 price objective on shares of CECO Environmental in a report on Wednesday, May 1st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CECO Environmental has a consensus rating of “Buy” and an average price target of $27.40.

CECO Environmental Stock Performance

The company has a market capitalization of $906.34 million, a price-to-earnings ratio of 74.11, a P/E/G ratio of 1.77 and a beta of 1.24. The stock has a 50 day simple moving average of $23.65 and a 200 day simple moving average of $21.34. The company has a quick ratio of 1.19, a current ratio of 1.38 and a debt-to-equity ratio of 0.53.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. CECO Environmental had a return on equity of 11.57% and a net margin of 2.23%. The firm had revenue of $126.30 million during the quarter, compared to the consensus estimate of $135.82 million. During the same period in the prior year, the business earned $0.10 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. As a group, analysts anticipate that CECO Environmental Corp. will post 0.94 earnings per share for the current fiscal year.

Insider Transactions at CECO Environmental

In other news, Director Richard F. Wallman acquired 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average cost of $24.50 per share, for a total transaction of $98,000.00. Following the transaction, the director now directly owns 205,319 shares in the company, valued at approximately $5,030,315.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other CECO Environmental news, Director Laurie Siegel purchased 2,500 shares of CECO Environmental stock in a transaction on Wednesday, March 6th. The stock was bought at an average price of $19.87 per share, for a total transaction of $49,675.00. Following the transaction, the director now owns 7,906 shares of the company’s stock, valued at approximately $157,092.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman purchased 4,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average cost of $24.50 per share, for a total transaction of $98,000.00. Following the completion of the acquisition, the director now directly owns 205,319 shares of the company’s stock, valued at approximately $5,030,315.50. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 11,500 shares of company stock worth $257,425. Insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On CECO Environmental

Several institutional investors have recently bought and sold shares of the stock. Jump Financial LLC increased its stake in CECO Environmental by 200.4% during the 3rd quarter. Jump Financial LLC now owns 33,039 shares of the company’s stock valued at $528,000 after buying an additional 22,039 shares during the period. Boston Partners acquired a new position in shares of CECO Environmental during the third quarter valued at approximately $201,000. First Eagle Investment Management LLC bought a new stake in CECO Environmental during the third quarter worth approximately $7,037,000. Janney Montgomery Scott LLC lifted its position in CECO Environmental by 5.4% in the third quarter. Janney Montgomery Scott LLC now owns 64,456 shares of the company’s stock worth $1,029,000 after purchasing an additional 3,300 shares during the period. Finally, Weil Company Inc. bought a new position in CECO Environmental during the 3rd quarter valued at $232,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

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.