CECO Environmental Corp. (NASDAQ:CECO) Director Richard F. Wallman Purchases 1,000 Shares

CECO Environmental Corp. (NASDAQ:CECO) Director Richard F. Wallman bought 1,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $25.15 per share, with a total value of $25,150.00. Following the completion of the transaction, the director now directly owns 207,117 shares in the company, valued at approximately $5,208,992.55. The trade was a 0.49 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

CECO Environmental Trading Up 1.3 %

CECO stock opened at $24.84 on Thursday. The company has a market capitalization of $868.70 million, a PE ratio of 75.34, a P/E/G ratio of 1.39 and a beta of 1.41. 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 Corp. has a 12 month low of $18.50 and a 12 month high of $35.16. The firm’s 50-day moving average is $28.60 and its 200 day moving average is $28.26.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of CECO Environmental

Institutional investors and hedge funds have recently made changes to their positions in the company. Heck Capital Advisors LLC bought a new position in CECO Environmental during the 4th quarter worth about $74,000. Mackenzie Financial Corp bought a new position in shares of CECO Environmental during the fourth quarter valued at approximately $56,000. Gordian Capital Singapore Pte Ltd increased its holdings in CECO Environmental by 86.2% during the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 66,098 shares of the company’s stock valued at $1,998,000 after buying an additional 30,598 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in CECO Environmental by 18.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,137 shares of the company’s stock worth $2,664,000 after buying an additional 13,930 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in CECO Environmental during the fourth quarter worth $949,000. 68.08% of the stock is currently owned by 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.