CECO Environmental (NASDAQ:CECO) Releases Earnings Results, Beats Estimates By $0.04 EPS

Key Points

• CECO Environmental reported earnings of $0.24 EPS for the quarter, exceeding expectations of $0.20 EPS by $0.04.
• The company updated its FY 2025 guidance and maintains a consensus rating of "Buy" from analysts with a price target of $36.00.
• Institutional investors hold approximately 68.08% of CECO's stock, indicating strong interest from larger financial entities.

CECO Environmental (NASDAQ:CECO - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.04, Zacks reports. 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 updated its FY 2025 guidance to EPS.

CECO Environmental Stock Up 0.4%

Shares of CECO traded up $0.18 during trading hours on Friday, hitting $45.13. The company had a trading volume of 887,920 shares, compared to its average volume of 299,286. The company has a market capitalization of $1.59 billion, a PE ratio of 31.56, a price-to-earnings-growth ratio of 3.04 and a beta of 1.33. The company has a current ratio of 1.34, a quick ratio of 1.52 and a debt-to-equity ratio of 0.78. CECO Environmental has a one year low of $17.57 and a one year high of $46.07. The company's fifty day moving average price is $30.26 and its two-hundred day moving average price is $26.52.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Needham & Company LLC boosted their price objective on CECO Environmental from $34.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday. HC Wainwright boosted their price objective on CECO Environmental from $33.00 to $55.00 and gave the company a "buy" rating in a report on Wednesday. Citigroup restated an "outperform" rating on shares of CECO Environmental in a report on Wednesday. Northland Securities set a $51.00 price objective on CECO Environmental in a report on Wednesday. Finally, Lake Street Capital reiterated a "buy" rating and issued a $56.00 target price on shares of CECO Environmental in a report on Wednesday. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $49.20.

Insider Buying and Selling at CECO Environmental

In other news, Director Claudio A. Mannarino sold 20,000 shares of the business's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $41.51, for a total value of $830,200.00. Following the completion of the transaction, the director directly owned 77,589 shares of the company's stock, valued at approximately $3,220,719.39. The trade was a 20.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jason Dezwirek sold 70,000 shares of the business's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $42.75, for a total value of $2,992,500.00. Following the completion of the transaction, the director directly owned 230,000 shares of the company's stock, valued at approximately $9,832,500. The trade was a 23.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 120,000 shares of company stock valued at $5,128,900. Corporate insiders own 18.40% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CECO. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in CECO Environmental by 5.7% during 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 valued at $2,124,000 after buying an additional 5,000 shares in the last quarter. Jane Street Group LLC acquired a new position in CECO Environmental during the 1st quarter valued at about $1,047,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in CECO Environmental by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,442 shares of the company's stock valued at $398,000 after buying an additional 790 shares in the last quarter. Finally, Royal Bank of Canada increased its position in CECO Environmental by 15.6% during the 1st quarter. Royal Bank of Canada now owns 14,661 shares of the company's stock valued at $335,000 after buying an additional 1,982 shares in the last quarter. 68.08% of the stock is 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.