HC Wainwright Upgrades CECO Environmental (NASDAQ:CECO) to "Buy"

HC Wainwright upgraded shares of CECO Environmental (NASDAQ:CECO - Free Report) from a neutral rating to a buy rating in a research report report published on Wednesday, Marketbeat.com reports. They currently have $33.00 target price on the stock. HC Wainwright also issued estimates for CECO Environmental's Q2 2025 earnings at $0.27 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.27 EPS, FY2025 earnings at $0.90 EPS and FY2026 earnings at $1.51 EPS.

CECO has been the topic of several other reports. Needham & Company LLC reissued a "buy" rating and issued a $33.00 price target on shares of CECO Environmental in a report on Wednesday, February 26th. Craig Hallum lifted their price target on shares of CECO Environmental from $34.00 to $40.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CECO Environmental has a consensus rating of "Buy" and an average price target of $36.00.

CECO Environmental Stock Performance

CECO stock traded down $0.30 on Wednesday, reaching $25.62. The company's stock had a trading volume of 119,147 shares, compared to its average volume of 287,191. The firm has a fifty day moving average of $22.19 and a two-hundred day moving average of $26.42. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12. The company has a market capitalization of $902.15 million, a P/E ratio of 77.39, a price-to-earnings-growth ratio of 1.39 and a beta of 1.30. CECO Environmental has a 52 week low of $17.57 and a 52 week high of $35.16.

CECO Environmental (NASDAQ:CECO - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, hitting analysts' consensus estimates of $0.10. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The company had revenue of $176.70 million during the quarter, compared to analyst estimates of $151.53 million. CECO Environmental's quarterly revenue was up 39.9% on a year-over-year basis. As a group, analysts predict that CECO Environmental will post 0.67 EPS for the current fiscal year.

Insider Activity

In related news, Director Richard F. Wallman purchased 1,000 shares of CECO Environmental stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost 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 of the company's stock, valued at $5,208,992.55. This trade represents a 0.49 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Peter K. Johansson sold 22,500 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $22.80, for a total transaction of $513,000.00. Following the transaction, the insider now directly owns 62,160 shares in the company, valued at $1,417,248. The trade was a 26.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 18.40% of the company's stock.

Institutional Trading of CECO Environmental

A number of institutional investors have recently bought and sold shares of the company. Hood River Capital Management LLC boosted its holdings in CECO Environmental by 63.0% in the fourth quarter. Hood River Capital Management LLC now owns 1,740,740 shares of the company's stock worth $52,623,000 after purchasing an additional 673,050 shares in the last quarter. Voya Investment Management LLC raised its stake in CECO Environmental by 6,409.3% during the fourth quarter. Voya Investment Management LLC now owns 645,853 shares of the company's stock worth $19,524,000 after acquiring an additional 635,931 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of CECO Environmental in the fourth quarter valued at approximately $7,334,000. Capital International Investors lifted its position in CECO Environmental by 12.1% during the 4th quarter. Capital International Investors now owns 1,971,334 shares of the company's stock worth $59,593,000 after buying an additional 212,476 shares in the last quarter. Finally, Peregrine Capital Management LLC bought a new stake in shares of CECO Environmental during the fourth quarter valued at approximately $6,278,000. Institutional investors and hedge funds own 68.08% of the company's stock.

About CECO Environmental

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.