CECO Environmental (NASDAQ:CECO) Hits New 1-Year High at $25.85

CECO Environmental Corp. (NASDAQ:CECOGet Free Report)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $25.85 and last traded at $25.82, with a volume of 92832 shares traded. The stock had previously closed at $24.87.

Analysts Set New Price Targets

CECO has been the topic of several recent research reports. Craig Hallum boosted their price target on shares of CECO Environmental from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Northland Securities raised their target price on CECO Environmental from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Needham & Company LLC lifted their target price on CECO Environmental from $23.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. HC Wainwright reissued a “buy” rating and set a $30.00 price objective on shares of CECO Environmental in a research report on Wednesday, May 1st. Finally, Roth Mkm boosted their price objective on shares of CECO Environmental from $22.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $27.40.

View Our Latest Stock Report on CECO

CECO Environmental Price Performance

The stock has a 50 day moving average price of $23.55 and a two-hundred day moving average price of $21.26. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.38 and a quick ratio of 1.19. The firm has a market capitalization of $904.95 million, a price-to-earnings ratio of 71.06, a PEG ratio of 1.78 and a beta of 1.24.

CECO Environmental (NASDAQ:CECOGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. CECO Environmental had a net margin of 2.23% and a return on equity of 11.57%. The firm had revenue of $126.30 million during the quarter, compared to analysts’ expectations of $135.82 million. During the same quarter in the previous year, the business posted $0.10 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. As a group, analysts expect that CECO Environmental Corp. will post 0.94 EPS for the current year.

Insider Activity

In other news, Director Laurie Siegel acquired 2,500 shares of CECO Environmental stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $19.87 per share, for a total transaction of $49,675.00. Following the acquisition, the director now owns 7,906 shares of the company’s stock, valued at $157,092.22. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Richard F. Wallman acquired 4,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were bought at an average price of $24.50 per share, with a total value of $98,000.00. Following the completion of the acquisition, the director now owns 205,319 shares in the company, valued at $5,030,315.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laurie Siegel bought 2,500 shares of the stock in a transaction dated Wednesday, March 6th. The stock was bought at an average price of $19.87 per share, with a total value of $49,675.00. Following the acquisition, the director now owns 7,906 shares in the company, valued at approximately $157,092.22. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 11,500 shares of company stock worth $257,425. Corporate insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On CECO Environmental

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its position in CECO Environmental by 89.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock worth $94,000 after purchasing an additional 2,195 shares during the last quarter. AJOVista LLC purchased a new stake in CECO Environmental during the 4th quarter valued at approximately $57,000. Essex Investment Management Co. LLC lifted its position in CECO Environmental by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 205,982 shares of the company’s stock worth $4,742,000 after acquiring an additional 3,147 shares during the period. EntryPoint Capital LLC purchased a new position in shares of CECO Environmental in the 1st quarter valued at approximately $72,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of CECO Environmental by 5.4% in the third quarter. Janney Montgomery Scott LLC now owns 64,456 shares of the company’s stock valued at $1,029,000 after purchasing an additional 3,300 shares during the period. 68.08% of the stock is currently owned by institutional investors and hedge funds.

CECO Environmental Company Profile

(Get Free Report)

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.

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