CECO Environmental (NASDAQ:CECO) Shares Down 7.6% – What’s Next?

Posted by George Bondi on Oct 9th, 2026

CECO Environmental Corp. (NASDAQ:CECO – Get Free Report) fell 7.6% during mid-day trading on Wednesday. The stock traded as low as $70.74 and last traded at $69.7190. 156,997 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 727,299 shares. The stock had previously closed at $75.45.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CECO shares. Zacks Research cut shares of CECO Environmental from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. started coverage on shares of CECO Environmental in a report on Thursday, July 9th. They set an “overweight” rating and a $130.00 target price on the stock. TD Cowen initiated coverage on CECO Environmental in a report on Wednesday, August 5th. They issued a “buy” rating and a $85.00 price target for the company. Weiss Ratings lowered CECO Environmental from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, September 16th. Finally, Needham & Company LLC restated a “buy” rating and issued a $110.00 target price on shares of CECO Environmental in a research note on Tuesday, August 11th. Eight research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.88.

View Our Latest Stock Analysis on CECO

CECO Environmental Trading Down 7.9%

The stock’s fifty day moving average price is $72.60 and its two-hundred day moving average price is $75.86. The company has a current ratio of 1.50, a quick ratio of 1.18 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $3.84 billion, a P/E ratio of -95.00 and a beta of 1.50.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of CECO Environmental in the 2nd quarter worth about $392,358,000. Jupiter Topco LLC bought a new position in shares of CECO Environmental in the second quarter worth approximately $86,194,000. Legal & General Group Plc purchased a new stake in CECO Environmental during the 2nd quarter valued at $40,461,000. Deutsche Bank AG bought a new stake in CECO Environmental in the 2nd quarter worth about $30,475,000. Finally, Engineers Gate Manager LP boosted its holdings in shares of CECO Environmental by 6,952.1% during the 2nd quarter. Engineers Gate Manager LP now owns 243,155 shares of the company’s stock valued at $22,064,000 after acquiring an additional 239,707 shares during the last quarter. Institutional investors own 68.08% of the company’s stock.

About CECO Environmental

(Get Free Report)

CECO Environmental Corp. (NASDAQ: CECO) is an environmental technology company that provides engineered solutions for industrial air quality, fluid handling, and water and wastewater treatment. Its systems are designed to help customers control emissions, improve process efficiency, protect workers, and comply with environmental regulations.

The company offers products and services including air pollution control equipment, industrial ventilation systems, filtration and separation technologies, thermal processing solutions, pumps and other fluid-handling equipment, and water and wastewater treatment systems.