CECO Environmental Corp. (NASDAQ:CECO) Given Average Rating of "Buy" by Analysts

Shares of CECO Environmental Corp. (NASDAQ:CECO - Get Free Report) have earned an average recommendation of "Buy" from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have covered the stock in the last year is $27.40.

A number of brokerages have issued reports on CECO. Craig Hallum boosted their target price on CECO Environmental from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday. HC Wainwright reissued a "buy" rating and issued a $30.00 target price on shares of CECO Environmental in a research report on Wednesday. Roth Mkm boosted their target price on CECO Environmental from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. Needham & Company LLC boosted their target price on CECO Environmental from $23.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Northland Securities boosted their target price on CECO Environmental from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Wednesday, March 6th.

Insider Buying and Selling

In other news, Director Laurie Siegel bought 2,500 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $19.87 per share, for a total transaction of $49,675.00. Following the completion of the purchase, the director now owns 7,906 shares in the company, valued at approximately $157,092.22. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 16.90% of the company's stock.

Hedge Funds Weigh In On CECO Environmental

A number of institutional investors and hedge funds have recently modified their holdings of CECO. Vanguard Group Inc. boosted its stake in CECO Environmental by 1.0% in the third quarter. Vanguard Group Inc. now owns 1,440,579 shares of the company's stock valued at $23,006,000 after acquiring an additional 13,747 shares in the last quarter. RK Capital Management LLC boosted its stake in CECO Environmental by 36.6% in the third quarter. RK Capital Management LLC now owns 884,347 shares of the company's stock valued at $14,123,000 after acquiring an additional 237,093 shares in the last quarter. Wellington Management Group LLP boosted its stake in CECO Environmental by 271.2% in the third quarter. Wellington Management Group LLP now owns 629,146 shares of the company's stock valued at $10,047,000 after acquiring an additional 459,646 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in CECO Environmental by 9.7% in the fourth quarter. First Eagle Investment Management LLC now owns 483,364 shares of the company's stock valued at $9,803,000 after acquiring an additional 42,731 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in CECO Environmental by 28.3% in the fourth quarter. Russell Investments Group Ltd. now owns 448,248 shares of the company's stock valued at $9,090,000 after acquiring an additional 98,951 shares in the last quarter. Institutional investors and hedge funds own 68.08% of the company's stock.

CECO Environmental Trading Up 1.8 %

Shares of CECO stock traded up $0.38 during trading on Wednesday, hitting $22.00. 505,217 shares of the stock traded hands, compared to its average volume of 257,292. The firm has a market capitalization of $767.14 million, a P/E ratio of 58.68, a price-to-earnings-growth ratio of 1.76 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.39 and a quick ratio of 1.22. The firm's fifty day moving average price is $22.62 and its 200-day moving average price is $20.33. CECO Environmental has a 52-week low of $10.68 and a 52-week high of $25.82.

CECO Environmental (NASDAQ:CECO - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $126.30 million for the quarter, compared to analyst estimates of $135.82 million. CECO Environmental had a net margin of 2.37% and a return on equity of 11.57%. The business's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. As a group, research analysts forecast that CECO Environmental will post 0.96 earnings per share for the current fiscal year.

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.