Insider Selling: CECO Environmental (NASDAQ:CECO) CFO Sells $2,894,700.00 in Stock

CECO Environmental Corp. (NASDAQ:CECO) CFO Peter Johansson sold 30,000 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total value of $2,894,700.00. Following the completion of the sale, the chief financial officer owned 40,746 shares in the company, valued at $3,931,581.54. This trade represents a 42.41% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CECO Environmental Price Performance

Shares of NASDAQ:CECO traded down $3.22 on Friday, hitting $91.87. The company’s stock had a trading volume of 1,877,024 shares, compared to its average volume of 690,585. The company has a market capitalization of $3.30 billion, a PE ratio of 248.30 and a beta of 1.49. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.33 and a quick ratio of 1.18. The company has a 50-day simple moving average of $81.82 and a 200 day simple moving average of $69.93. CECO Environmental Corp. has a 1 year low of $28.01 and a 1 year high of $101.24.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.24. The company had revenue of $205.92 million for the quarter, compared to analysts’ expectations of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. CECO Environmental’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. Sell-side analysts forecast that CECO Environmental Corp. will post 1.96 EPS for the current fiscal year.

Institutional Investors Weigh In On CECO Environmental

A number of institutional investors have recently made changes to their positions in CECO. ProShare Advisors LLC grew its holdings in shares of CECO Environmental by 8.0% during 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. raised its position in CECO Environmental by 3.5% in the 2nd quarter. Osaic Holdings Inc. now owns 12,297 shares of the company’s stock worth $348,000 after purchasing an additional 412 shares during the period. Ellsworth Advisors LLC lifted its stake in CECO Environmental by 3.2% in the fourth quarter. Ellsworth Advisors LLC now owns 15,047 shares of the company’s stock worth $996,000 after purchasing an additional 462 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new stake in CECO Environmental during the first quarter valued at about $29,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in CECO Environmental during the third quarter valued at about $25,000. Hedge funds and other institutional investors own 68.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CECO shares. Roth Mkm restated a “buy” rating and set a $85.00 price objective on shares of CECO Environmental in a research report on Wednesday, April 29th. Craig Hallum reissued a “buy” rating and issued a $103.00 target price on shares of CECO Environmental in a research note on Tuesday, April 28th. Lake Street Capital raised their price target on CECO Environmental from $80.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Zacks Research raised CECO Environmental from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, Northland Securities set a $118.00 price objective on CECO Environmental in a report on Friday, June 12th. 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, the stock presently has an average rating of “Buy” and a consensus target price of $102.83.

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.