CECO Environmental (NASDAQ:CECO) Reaches New 1-Year High at $29.46

CECO Environmental Corp. (NASDAQ:CECO) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $29.46 and last traded at $29.35, with a volume of 31183 shares traded. The stock had previously closed at $28.63.

Analyst Ratings Changes

A number of research firms have issued reports on CECO. HC Wainwright restated a “buy” rating and set a $30.00 target price on shares of CECO Environmental in a research report on Wednesday, May 1st. Craig Hallum lifted their price target on shares of CECO Environmental from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Needham & Company LLC lifted their price target on shares of CECO Environmental from $23.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $27.40.

CECO Environmental Price Performance

The stock has a market cap of $1.00 billion, a P/E ratio of 81.80, a PEG ratio of 2.03 and a beta of 1.37. 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 business’s fifty day moving average price is $25.35 and its 200 day moving average price is $22.73.

CECO Environmental (NASDAQ:CECO) last released its earnings results on Tuesday, April 30th. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. The business had revenue of $126.30 million during the quarter, compared to the consensus estimate of $135.82 million. CECO Environmental had a net margin of 2.23% and a return on equity of 11.57%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. Sell-side analysts forecast that CECO Environmental Corp. will post 0.93 EPS for the current fiscal year.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman bought 4,000 shares of the stock in a transaction dated Tuesday, May 21st. The shares were bought at an average cost of $24.50 per share, for a total transaction of $98,000.00. Following the purchase, the director now directly owns 205,319 shares of the company’s stock, valued at approximately $5,030,315.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In other CECO Environmental news, Director Richard F. Wallman acquired 4,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was 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 of the company’s stock, valued at $5,030,315.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average cost of $21.95 per share, with a total value of $109,750.00. Following the acquisition, the director now directly owns 191,853 shares of the company’s stock, valued at approximately $4,211,173.35. The disclosure for this purchase can be found here. Company insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On CECO Environmental

Institutional investors and hedge funds have recently modified their holdings of the stock. AJOVista LLC purchased a new position in CECO Environmental during the 4th quarter valued at about $57,000. CWM LLC grew its stake in shares of CECO Environmental by 45.3% in the second quarter. CWM LLC now owns 2,270 shares of the company’s stock worth $65,000 after acquiring an additional 708 shares during the period. EntryPoint Capital LLC bought a new stake in CECO Environmental during the first quarter valued at approximately $72,000. Tower Research Capital LLC TRC grew its position in CECO Environmental by 89.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company’s stock valued at $94,000 after buying an additional 2,195 shares during the period. Finally, Kessler Investment Group LLC purchased a new position in CECO Environmental during the fourth quarter valued at approximately $125,000. 68.08% of the stock is owned by hedge funds and other institutional investors.

CECO Environmental Company Profile

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.