CECO Environmental (NASDAQ:CECO) Sets New 52-Week High – Here’s Why

CECO Environmental Corp. (NASDAQ:CECO)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CECO shares. Weiss Ratings raised shares of CECO Environmental from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. Craig Hallum reissued a “buy” rating and issued a $103.00 price objective on shares of CECO Environmental in a research note on Tuesday, April 28th. Roth Mkm restated a “buy” rating and set a $85.00 price objective on shares of CECO Environmental in a report on Wednesday, April 29th. Lake Street Capital reaffirmed a “buy” rating and set a $80.00 target price on shares of CECO Environmental in a research report on Wednesday, February 25th. Finally, Needham & Company LLC lifted their price target on shares of CECO Environmental from $80.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, CECO Environmental has a consensus rating of “Buy” and an average price target of $86.83.

CECO Environmental Stock Performance

The company’s 50 day simple moving average is $62.48 and its 200 day simple moving average is $61.23. The stock has a market cap of $2.94 billion, a PE ratio of 220.91 and a beta of 1.53. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.24. The company had revenue of $205.92 million for the quarter, compared to the consensus estimate of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Analysts expect that CECO Environmental Corp. will post 1.77 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in shares of CECO Environmental by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 903,291 shares of the company’s stock valued at $53,813,000 after purchasing an additional 7,751 shares during the last quarter. KBC Group NV bought a new position in CECO Environmental during the first quarter valued at approximately $44,000. Swiss National Bank raised its stake in shares of CECO Environmental by 1.0% during the first quarter. Swiss National Bank now owns 59,900 shares of the company’s stock worth $3,569,000 after acquiring an additional 600 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of CECO Environmental by 108,147.0% in the 1st quarter. Bessemer Group Inc. now owns 216,494 shares of the company’s stock worth $12,898,000 after acquiring an additional 216,294 shares during the last quarter. Finally, Calamos Advisors LLC boosted its stake in shares of CECO Environmental by 9.7% in the 1st quarter. Calamos Advisors LLC now owns 58,053 shares of the company’s stock valued at $3,459,000 after purchasing an additional 5,143 shares in the last quarter. Hedge funds and other institutional investors own 68.08% of the company’s stock.

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.