CECO Environmental Corp. (NASDAQ:CECO – Get Free Report) traded up 6.1% on Monday . The company traded as high as $84.77 and last traded at $84.47. Approximately 437,733 shares were traded during mid-day trading, a decline of 41% from the average session volume of 739,512 shares. The stock had previously closed at $79.59.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of CECO Environmental in a research note on Thursday, July 9th. They set an “overweight” rating and a $130.00 price objective on the stock. Roth Capital restated a “buy” rating and issued a $85.00 target price on shares of CECO Environmental in a research note on Wednesday, April 29th. TD Cowen started coverage on shares of CECO Environmental in a research note on Wednesday, August 5th. They issued a “buy” rating and a $85.00 target price for the company. Northland Securities set a $125.00 price target on shares of CECO Environmental in a report on Thursday, August 13th. Finally, Zacks Research downgraded shares of CECO Environmental from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.88.
View Our Latest Stock Report on CECO
CECO Environmental Trading Down 9.0%
CECO Environmental (NASDAQ:CECO – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.21. The business had revenue of $284.96 million during the quarter, compared to the consensus estimate of $282.21 million. CECO Environmental had a positive return on equity of 7.36% and a negative net margin of 3.39%.The company’s revenue for the quarter was up 53.7% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share. Equities analysts expect that CECO Environmental Corp. will post 2.35 EPS for the current year.
Insider Transactions at CECO Environmental
In other news, Director Richard F. Wallman bought 20,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was bought at an average price of $76.85 per share, for a total transaction of $1,537,000.00. Following the transaction, the director owned 105,500 shares in the company, valued at $8,107,675. The trade was a 23.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Peter K. Johansson sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total value of $2,894,700.00. Following the completion of the sale, the chief financial officer owned 40,746 shares of the company’s stock, valued at $3,931,581.54. This trade represents a 42.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 16.90% of the company’s stock.
Institutional Trading of CECO Environmental
Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in CECO Environmental in the second quarter worth about $392,358,000. Jupiter Topco LLC acquired a new position in CECO Environmental in the second quarter valued at approximately $86,194,000. Legal & General Group Plc bought a new position in shares of CECO Environmental during the second quarter valued at approximately $40,461,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of CECO Environmental by 104.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock valued at $43,032,000 after purchasing an additional 366,611 shares during the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of CECO Environmental during the 2nd quarter worth approximately $30,475,000. 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.
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