CECO Environmental (NASDAQ:CECO – Get Free Report) had its price target hoisted by research analysts at Needham & Company LLC from $90.00 to $110.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price objective indicates a potential upside of 15.26% from the stock’s current price.
CECO has been the topic of a number of other research reports. Roth Mkm reissued a “buy” rating and issued a $85.00 target price on shares of CECO Environmental in a research report on Wednesday, April 29th. Weiss Ratings cut shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Craig Hallum restated a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a report on Tuesday, April 28th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $80.00 price target on shares of CECO Environmental in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, CECO Environmental has a consensus rating of “Buy” and an average target price of $90.17.
Read Our Latest Report on CECO Environmental
CECO Environmental Stock Up 18.5%
CECO Environmental (NASDAQ:CECO – Get Free Report) last announced its 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. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The firm had revenue of $205.92 million during the quarter, compared to analyst estimates of $198.88 million. During the same period in the prior year, the business earned $0.10 EPS. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. On average, equities research analysts anticipate that CECO Environmental will post 1.77 EPS for the current fiscal year.
Insider Activity at CECO Environmental
In other news, Director Richard F. Wallman acquired 20,000 shares of the stock in a transaction dated Monday, June 1st. The shares were bought at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the purchase, the director directly owned 105,500 shares of the company’s stock, valued at approximately $8,107,675. This trade represents a 23.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.90% of the stock is currently owned by company insiders.
Institutional Trading of CECO Environmental
A number of hedge funds have recently made changes to their positions in CECO. Arkadios Wealth Advisors bought a new stake in CECO Environmental in the 1st quarter valued at $1,066,000. California State Teachers Retirement System raised its position in shares of CECO Environmental by 26.8% in the first quarter. California State Teachers Retirement System now owns 34,758 shares of the company’s stock valued at $2,071,000 after purchasing an additional 7,336 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of CECO Environmental by 310.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 115,242 shares of the company’s stock valued at $6,866,000 after purchasing an additional 87,173 shares during the last quarter. Sei Investments Co. increased its stake in shares of CECO Environmental by 3.1% during the first quarter. Sei Investments Co. now owns 111,313 shares of the company’s stock worth $6,632,000 after purchasing an additional 3,338 shares during the period. Finally, Walleye Capital LLC acquired a new stake in CECO Environmental during the 1st quarter worth approximately $2,291,000. 68.08% of the stock is owned by institutional investors and hedge funds.
About CECO Environmental
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.
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