CECO Environmental (NASDAQ:CECO) Issues Earnings Results

Key Points

• CECO Environmental beat quarterly expectations: The company reported adjusted EPS of $0.47 versus the $0.26 consensus estimate, while revenue reached $284.96 million, slightly above expectations of $282.21 million.
• Analyst sentiment remains positive: CECO has an average “Buy” rating and a consensus price target of $104, with JPMorgan initiating coverage at “Overweight” and a $130 target.
• Insider and institutional activity was mixed: CFO Peter Johansson sold 30,000 shares, while Director Richard Wallman purchased 20,000 shares. Institutional investors and hedge funds own 68.08% of the company.

CECO Environmental (NASDAQ:CECO - Get Free Report) released its quarterly earnings results on Monday. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.26 by $0.21, FiscalAI reports. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The business had revenue of $284.96 million during the quarter, compared to analyst estimates of $282.21 million.

CECO Environmental Price Performance

Shares of NASDAQ:CECO opened at $70.92 on Monday. The firm has a 50 day simple moving average of $82.73 and a 200-day simple moving average of $73.57. CECO Environmental has a twelve month low of $42.78 and a twelve month high of $101.24. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $2.54 billion, a PE ratio of 191.68 and a beta of 1.51.

Analyst Ratings Changes

A number of brokerages recently weighed in on CECO. Zacks Research upgraded shares of CECO Environmental from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 30th. Northland Securities set a $118.00 target price on CECO Environmental in a research note on Friday, June 12th. JPMorgan Chase & Co. began coverage on CECO Environmental in a report on Thursday, July 9th. They set an "overweight" rating and a $130.00 price target on the stock. Craig Hallum reiterated a "buy" rating and issued a $103.00 price objective on shares of CECO Environmental in a research note on Tuesday, April 28th. Finally, Roth Capital restated a "buy" rating and set a $85.00 target price on shares of CECO Environmental in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, CECO Environmental currently has an average rating of "Buy" and a consensus target price of $104.00.

Insider Buying and Selling

In other CECO Environmental news, CFO Peter K. Johansson sold 30,000 shares of the business's stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $96.49, for a total value of $2,894,700.00. Following the completion of the sale, the chief financial officer owned 40,746 shares in the company, valued at approximately $3,931,581.54. The trade was a 42.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard F. Wallman bought 20,000 shares of the business's stock in a transaction dated Monday, June 1st. The stock was acquired at an average cost of $76.85 per share, for a total transaction of $1,537,000.00. Following the completion of the acquisition, the director directly owned 105,500 shares in the company, valued at approximately $8,107,675. This trade represents a 23.39% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 18.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On CECO Environmental

Several institutional investors have recently added to or reduced their stakes in CECO. Osaic Holdings Inc. grew its holdings in CECO Environmental by 3.5% during the 2nd quarter. Osaic Holdings Inc. now owns 12,297 shares of the company's stock valued at $348,000 after buying an additional 412 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of CECO Environmental during the third quarter valued at approximately $25,000. Advisory Services Network LLC purchased a new stake in CECO Environmental in the 3rd quarter worth approximately $31,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CECO Environmental by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company's stock worth $398,000 after purchasing an additional 790 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of CECO Environmental by 2.4% in the second quarter. Rhumbline Advisers now owns 43,137 shares of the company's stock valued at $1,221,000 after purchasing an additional 991 shares during the period. Institutional investors and hedge funds own 68.08% of the company's stock.

About CECO Environmental

CECO Environmental Corp. NASDAQ: CECO is a global technology provider specializing in engineered solutions that help industrial and commercial customers manage air emissions, process fluids and optimize energy use. The company develops custom-engineered systems and modular packages designed to meet evolving environmental regulations and improve operational efficiency across diverse production processes.

CECO's core offerings include air pollution control equipment—such as scrubbers, cyclones, fabric and cartridge filters—and industrial process filtration systems for applications ranging from particulate removal to oil-water separation.

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