CECO Environmental Corp. (NASDAQ:CECO) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of CECO Environmental Corp. (NASDAQ:CECO - Get Free Report) have been given an average rating of "Moderate Buy" by the eight analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $50.80.

A number of research firms have recently commented on CECO. Weiss Ratings reissued a "buy (b-)" rating on shares of CECO Environmental in a report on Wednesday, October 8th. Northland Securities set a $51.00 price target on CECO Environmental in a report on Wednesday, July 30th. HC Wainwright upped their target price on CECO Environmental from $33.00 to $55.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Zacks Research cut CECO Environmental from a "hold" rating to a "strong sell" rating in a report on Monday, October 6th. Finally, Citigroup reaffirmed an "outperform" rating on shares of CECO Environmental in a report on Wednesday, July 30th.

Insider Transactions at CECO Environmental

In other CECO Environmental news, CEO Todd R. Gleason sold 101,899 shares of the company's stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $49.32, for a total value of $5,025,658.68. Following the completion of the transaction, the chief executive officer owned 410,835 shares of the company's stock, valued at $20,262,382.20. This represents a 19.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard F. Wallman bought 3,000 shares of the stock in a transaction on Friday, August 29th. The stock was purchased at an average cost of $44.25 per share, with a total value of $132,750.00. Following the acquisition, the director owned 219,909 shares in the company, valued at approximately $9,730,973.25. This represents a 1.38% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 7,500 shares of company stock worth $339,915 and sold 420,000 shares worth $20,233,754. Corporate insiders own 16.90% of the company's stock.

Institutional Investors Weigh In On CECO Environmental

Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers grew its position in shares of CECO Environmental by 3.8% in the 1st quarter. Rhumbline Advisers now owns 42,146 shares of the company's stock valued at $961,000 after buying an additional 1,532 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of CECO Environmental by 9.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 72,727 shares of the company's stock valued at $2,059,000 after buying an additional 6,126 shares during the last quarter. American Century Companies Inc. grew its position in shares of CECO Environmental by 8.6% in the 1st quarter. American Century Companies Inc. now owns 57,272 shares of the company's stock valued at $1,306,000 after buying an additional 4,552 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of CECO Environmental by 224.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,445 shares of the company's stock valued at $41,000 after buying an additional 1,000 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of CECO Environmental in the 1st quarter valued at about $1,818,000. Institutional investors own 68.08% of the company's stock.

CECO Environmental Price Performance

CECO Environmental stock opened at $48.52 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.34. CECO Environmental has a 52 week low of $17.57 and a 52 week high of $53.88. The stock has a market capitalization of $1.71 billion, a P/E ratio of 33.93, a price-to-earnings-growth ratio of 3.35 and a beta of 1.28. The stock has a fifty day moving average of $47.95 and a 200-day moving average of $34.44.

CECO Environmental (NASDAQ:CECO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.04. CECO Environmental had a return on equity of 10.00% and a net margin of 7.99%.The company had revenue of $185.39 million during the quarter, compared to analysts' expectations of $178.66 million. CECO Environmental has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that CECO Environmental will post 0.67 earnings per share for the current fiscal year.

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.

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