HC Wainwright Issues Positive Forecast for CECO Environmental (NASDAQ:CECO) Stock Price

Key Points

• HC Wainwright has increased its price target for CECO Environmental (NASDAQ:CECO) from $33.00 to $55.00, indicating a potential upside of 36.31% from the previous close.
• CECO Environmental reported a revenue increase of 39.9% year-over-year, with quarterly earnings of $0.10 EPS, meeting consensus estimates.
• Institutional investors now hold 68.08% of CECO Environmental's stock, with significant increases in holdings from multiple hedge funds during the last quarter.

CECO Environmental (NASDAQ:CECO - Get Free Report) had its target price hoisted by equities research analysts at HC Wainwright from $33.00 to $55.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. HC Wainwright's target price points to a potential upside of 21.87% from the stock's previous close. HC Wainwright also issued estimates for CECO Environmental's Q3 2025 earnings at $0.38 EPS, Q4 2025 earnings at $0.56 EPS, FY2025 earnings at $1.28 EPS and FY2026 earnings at $2.12 EPS.

Separately, Needham & Company LLC boosted their price target on CECO Environmental from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $49.20.

CECO Environmental Stock Up 0.4%

NASDAQ CECO traded up $0.18 on Wednesday, reaching $45.13. 887,920 shares of the stock traded hands, compared to its average volume of 360,976. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 1.34. The company has a fifty day moving average price of $30.62 and a 200-day moving average price of $26.55. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 2.63 and a beta of 1.39. CECO Environmental has a 12 month low of $17.57 and a 12 month high of $46.07.

CECO Environmental (NASDAQ:CECO - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.04. The business had revenue of $185.39 million during the quarter, compared to analyst estimates of $178.66 million. CECO Environmental had a return on equity of 10.00% and a net margin of 7.99%. As a group, research analysts forecast that CECO Environmental will post 0.67 EPS for the current fiscal year.

Insiders Place Their Bets

In other CECO Environmental news, Director Jason Dezwirek sold 70,000 shares of CECO Environmental stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $42.75, for a total transaction of $2,992,500.00. Following the completion of the sale, the director directly owned 230,000 shares of the company's stock, valued at $9,832,500. The trade was a 23.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Claudio A. Mannarino sold 20,000 shares of CECO Environmental stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $41.51, for a total value of $830,200.00. Following the sale, the director owned 77,589 shares in the company, valued at $3,220,719.39. This trade represents a 20.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,000 shares of company stock valued at $5,128,900. 16.90% of the stock is currently owned by company insiders.

Institutional Trading of CECO Environmental

A number of hedge funds and other institutional investors have recently made changes to their positions in CECO. Farther Finance Advisors LLC increased its position in shares of CECO Environmental by 224.7% during the second quarter. Farther Finance Advisors LLC now owns 1,445 shares of the company's stock worth $41,000 after purchasing an additional 1,000 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in CECO Environmental during the 4th quarter valued at approximately $56,000. Heck Capital Advisors LLC purchased a new stake in CECO Environmental during the 4th quarter valued at approximately $74,000. Caption Management LLC purchased a new stake in CECO Environmental during the 1st quarter valued at approximately $182,000. Finally, XTX Topco Ltd purchased a new stake in CECO Environmental during the 1st quarter valued at approximately $217,000. 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.