CECO Environmental (NASDAQ:CECO) Shares Climb 9.3% – Here’s What Happened

Posted by Francis Steltz on Oct 30th, 2026

CECO Environmental Corp. (NASDAQ:CECO – Get Free Report)’s stock price shot up 9.3% during trading on Wednesday. The stock traded as high as $54.28 and last traded at $54.80. Approximately 101,710 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 768,512 shares. The stock had previously closed at $50.15.

Analyst Upgrades and Downgrades

CECO has been the subject of several recent research reports. Zacks Research raised shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. Northland Securities set a $125.00 price target on shares of CECO Environmental in a report on Thursday, August 13th. TD Cowen began coverage on shares of CECO Environmental in a research note on Wednesday, August 5th. They set a “buy” rating and a $85.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on shares of CECO Environmental from $130.00 to $110.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $110.00 price objective on shares of CECO Environmental in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.38.

Check Out Our Latest Stock Report on CECO Environmental

CECO Environmental Price Performance

The stock has a 50 day moving average of $67.80 and a two-hundred day moving average of $71.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50. The stock has a market cap of $3.20 billion, a PE ratio of -79.28 and a beta of 1.50.

CECO Environmental (NASDAQ:CECO – Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.21. The firm had revenue of $284.96 million for the quarter, compared to analysts’ expectations of $282.21 million. CECO Environmental had a negative net margin of 3.39% and a positive return on equity of 7.36%. The company’s quarterly revenue was up 53.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. Equities analysts anticipate that CECO Environmental Corp. will post 2.43 EPS for the current year.

Institutional Trading of CECO Environmental

Several hedge funds and other institutional investors have recently modified their holdings of the company. Sterling Capital Management LLC grew its holdings in CECO Environmental by 841.6% during the third quarter. Sterling Capital Management LLC now owns 1,742 shares of the company’s stock valued at $121,000 after purchasing an additional 1,557 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of CECO Environmental by 20.7% in the third quarter. Inspire Investing LLC now owns 9,049 shares of the company’s stock worth $630,000 after buying an additional 1,549 shares during the last quarter. Focused Alpha LLC bought a new stake in shares of CECO Environmental during the 3rd quarter worth $256,000. State of Alaska Department of Revenue boosted its holdings in shares of CECO Environmental by 55.9% during the 3rd quarter. State of Alaska Department of Revenue now owns 2,883 shares of the company’s stock worth $200,000 after buying an additional 1,034 shares during the period. Finally, Ulland Investment Advisors LLC bought a new stake in shares of CECO Environmental during the 3rd quarter worth $99,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

About CECO Environmental

(Get Free Report)

CECO Environmental Corp. (NASDAQ:CECO) is an industrial technology company that designs and supplies environmental and engineered equipment for industrial processes. Its solutions help customers control air pollution, manage industrial emissions, improve process efficiency and handle fluids in demanding operating environments.

The company’s product and service offerings include air pollution control systems, industrial ventilation and filtration equipment, scrubbers, fans, dust collection systems, thermal and heat-transfer equipment, pumps and other fluid-handling technologies.