CECO Environmental (NASDAQ:CECO) Issues Quarterly Earnings Results, Beats Estimates By $0.24 EPS

CECO Environmental (NASDAQ:CECO - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.24, FiscalAI reports. The firm had revenue of $205.92 million for the quarter, compared to analysts' expectations of $198.88 million. CECO Environmental had a return on equity of 10.60% and a net margin of 6.46%.

CECO Environmental Stock Performance

CECO opened at $64.92 on Tuesday. The stock has a market cap of $2.33 billion, a P/E ratio of 47.74 and a beta of 1.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.34 and a quick ratio of 1.16. The stock's 50 day simple moving average is $62.00 and its 200 day simple moving average is $59.98. CECO Environmental has a 1-year low of $19.15 and a 1-year high of $81.72.

Institutional Investors Weigh In On CECO Environmental

A number of institutional investors and hedge funds have recently modified their holdings of CECO. Royal Bank of Canada grew its holdings in shares of CECO Environmental by 15.6% in the 1st quarter. Royal Bank of Canada now owns 14,661 shares of the company's stock worth $335,000 after acquiring an additional 1,982 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of CECO Environmental by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company's stock worth $398,000 after acquiring an additional 790 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of CECO Environmental by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 93,137 shares of the company's stock worth $2,124,000 after acquiring an additional 5,000 shares during the period. Jane Street Group LLC acquired a new stake in shares of CECO Environmental in the 1st quarter worth approximately $1,047,000. Finally, Rhumbline Advisers grew its holdings in shares of CECO Environmental by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 43,137 shares of the company's stock worth $1,221,000 after acquiring an additional 991 shares during the period. Institutional investors and hedge funds own 68.08% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CECO shares. Roth Mkm boosted their price target on CECO Environmental from $58.00 to $68.00 and gave the company a "buy" rating in a research report on Wednesday, February 25th. Lake Street Capital restated a "buy" rating and issued a $80.00 price target on shares of CECO Environmental in a research report on Wednesday, February 25th. Weiss Ratings upgraded CECO Environmental from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday. HC Wainwright boosted their price target on CECO Environmental from $55.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, February 25th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $80.00 target price on shares of CECO Environmental in a research report on Thursday, March 26th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $78.20.

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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