CECO Environmental Corp. (NASDAQ:CECO) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• CECO Environmental has a “Moderate Buy” consensus rating from 10 analysts, with eight buys and two holds. The average 12-month price target is $104.88, implying potential upside from its $74.35 share price.
• The company exceeded quarterly expectations, reporting $0.47 in earnings per share versus the $0.26 consensus estimate, while revenue rose 53.7% year over year to $284.96 million.
• Institutional investors own 68.08% of CECO’s shares, although the CFO and a director recently sold a combined 64,000 shares; insiders retain an 18.40% ownership stake.

CECO Environmental Corp. (NASDAQ:CECO - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $104.8750.

Several brokerages have recently weighed in on CECO. Northland Securities set a $125.00 price target on CECO Environmental in a research note on Thursday, August 13th. Lake Street Capital lifted their price objective on CECO Environmental from $80.00 to $111.00 and gave the stock a "buy" rating in a research note on Wednesday, June 10th. Weiss Ratings raised CECO Environmental from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, August 27th. Needham & Company LLC reiterated a "buy" rating and issued a $110.00 target price on shares of CECO Environmental in a report on Tuesday, August 11th. Finally, TD Cowen began coverage on shares of CECO Environmental in a research report on Wednesday, August 5th. They set a "buy" rating and a $85.00 target price for the company.

CECO Environmental Price Performance

Shares of NASDAQ:CECO opened at $74.35 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.18 and a current ratio of 1.50. CECO Environmental has a 52 week low of $42.82 and a 52 week high of $101.24. The firm has a market cap of $4.35 billion, a PE ratio of -107.75 and a beta of 1.51. The firm's fifty day moving average is $76.21 and its 200-day moving average is $73.96.

CECO Environmental (NASDAQ:CECO - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.21. The business had revenue of $284.96 million during the quarter, compared to the consensus estimate of $282.21 million. CECO Environmental had a positive return on equity of 7.36% and a negative net margin of 3.39%.CECO Environmental's quarterly revenue was up 53.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Sell-side analysts predict that CECO Environmental will post 2.43 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Peter K. Johansson sold 30,000 shares of CECO Environmental stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total transaction of $2,894,700.00. Following the completion of the transaction, the chief financial officer owned 40,746 shares of the company's stock, valued at $3,931,581.54. This trade represents a 42.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jason Dezwirek sold 34,000 shares of the business's stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $96.61, for a total transaction of $3,284,740.00. Following the completion of the transaction, the director owned 166,000 shares in the company, valued at approximately $16,037,260. The trade was a 17.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 18.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Amundi lifted its stake in shares of CECO Environmental by 17.8% in the 2nd quarter. Amundi now owns 198,106 shares of the company's stock valued at $17,976,000 after purchasing an additional 29,907 shares during the period. HighTower Advisors LLC grew its stake in CECO Environmental by 7.0% during the second quarter. HighTower Advisors LLC now owns 36,825 shares of the company's stock worth $3,342,000 after purchasing an additional 2,409 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in CECO Environmental in the second quarter worth approximately $1,184,000. California State Teachers Retirement System lifted its stake in CECO Environmental by 15,819.8% in the second quarter. California State Teachers Retirement System now owns 5,533,416 shares of the company's stock valued at $502,102,000 after buying an additional 5,498,658 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in CECO Environmental in the second quarter valued at approximately $401,000. 68.08% of the stock is owned by institutional investors.

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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