CECO Environmental Corp. (NASDAQ:CECO) Insider Sells $513,000.00 in Stock

CECO Environmental Corp. (NASDAQ:CECO) insider Peter K. Johansson sold 22,500 shares of the business’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of $22.80, for a total value of $513,000.00. Following the transaction, the insider now owns 62,160 shares of the company’s stock, valued at $1,417,248. This trade represents a 26.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

CECO Environmental Stock Down 1.0 %

CECO stock opened at $19.80 on Friday. The firm has a market cap of $692.80 million, a PE ratio of 60.00, a P/E/G ratio of 1.39 and a beta of 1.43. CECO Environmental Corp. has a 12 month low of $18.44 and a 12 month high of $35.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a 50 day simple moving average of $24.83 and a 200 day simple moving average of $27.53.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $158.60 million during the quarter, compared to the consensus estimate of $156.09 million. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. Equities research analysts forecast that CECO Environmental Corp. will post 0.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On CECO Environmental

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp purchased a new stake in CECO Environmental during the fourth quarter valued at about $56,000. Heck Capital Advisors LLC purchased a new stake in shares of CECO Environmental in the 4th quarter valued at approximately $74,000. Morse Asset Management Inc acquired a new position in CECO Environmental in the 3rd quarter worth approximately $76,000. Jones Financial Companies Lllp grew its position in 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 purchasing an additional 1,658 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in CECO Environmental during the 4th quarter valued at $218,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

About CECO Environmental

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.