Peter K. Johansson Sells 5,601 Shares of CECO Environmental Corp. (NASDAQ:CECO) Stock

CECO Environmental Corp. (NASDAQ:CECO) insider Peter K. Johansson sold 5,601 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $24.15, for a total transaction of $135,264.15. Following the sale, the insider now owns 84,660 shares of the company’s stock, valued at approximately $2,044,539. This represents a 6.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

CECO Environmental Stock Up 1.3 %

CECO Environmental stock opened at $23.09 on Wednesday. The stock’s 50 day moving average price is $25.40 and its 200 day moving average price is $27.69. CECO Environmental Corp. has a 1-year low of $20.00 and a 1-year high of $35.16. The company has a market cap of $807.92 million, a PE ratio of 69.97, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12.

CECO Environmental (NASDAQ:CECO) last issued its earnings results on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The company had revenue of $158.60 million for the quarter, compared to analyst estimates of $156.09 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. On average, sell-side analysts predict that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp purchased a new stake in shares of CECO Environmental during the 4th quarter worth approximately $56,000. Heck Capital Advisors LLC purchased a new stake in CECO Environmental during the fourth quarter worth $74,000. Quest Partners LLC acquired a new stake in CECO Environmental in the third quarter valued at $69,000. Morse Asset Management Inc purchased a new position in shares of CECO Environmental in the third quarter valued at $76,000. Finally, Jones Financial Companies Lllp raised its stake in shares of CECO Environmental by 127.0% during the 4th quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company’s stock worth $90,000 after buying an additional 1,658 shares during the last quarter. 68.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Northland Securities raised their price target on CECO Environmental from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. HC Wainwright reissued a “neutral” rating on shares of CECO Environmental in a report on Wednesday, February 26th. Craig Hallum lifted their price objective on shares of CECO Environmental from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $33.00 price objective on shares of CECO Environmental in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.20.

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.