CECO Environmental Corp. (NASDAQ:CECO) Director Purchases $109,750.00 in Stock

CECO Environmental Corp. (NASDAQ:CECO - Get Free Report) Director Richard F. Wallman acquired 5,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was acquired at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the purchase, the director now directly owns 191,853 shares in the company, valued at $4,211,173.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CECO Environmental Stock Performance

Shares of NASDAQ CECO traded up $0.97 during midday trading on Thursday, reaching $22.97. 329,994 shares of the stock were exchanged, compared to its average volume of 258,147. The firm has a market cap of $800.94 million, a price-to-earnings ratio of 65.63, a PEG ratio of 1.50 and a beta of 1.24. CECO Environmental Corp. has a twelve month low of $10.68 and a twelve month high of $25.82. The firm has a 50-day simple moving average of $22.65 and a two-hundred day simple moving average of $20.35. The company has a quick ratio of 1.22, a current ratio of 1.38 and a debt-to-equity ratio of 0.53.

CECO Environmental (NASDAQ:CECO - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.11 EPS for the quarter, hitting analysts' consensus estimates of $0.11. The business had revenue of $126.30 million for the quarter, compared to analysts' expectations of $135.82 million. CECO Environmental had a net margin of 2.23% and a return on equity of 11.57%. The business's revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $0.10 EPS. As a group, analysts anticipate that CECO Environmental Corp. will post 0.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CECO shares. Roth Mkm lifted their price objective on shares of CECO Environmental from $22.00 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Needham & Company LLC boosted their target price on shares of CECO Environmental from $23.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday. Craig Hallum boosted their target price on shares of CECO Environmental from $25.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday. HC Wainwright restated a "buy" rating and set a $30.00 price target on shares of CECO Environmental in a research note on Wednesday. Finally, Northland Securities increased their price target on shares of CECO Environmental from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Wednesday, March 6th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CECO Environmental presently has an average rating of "Buy" and an average target price of $27.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CECO. SG Americas Securities LLC purchased a new position in shares of CECO Environmental during the 3rd quarter valued at approximately $204,000. Trellus Management Company LLC purchased a new position in CECO Environmental in the 3rd quarter valued at $779,000. Mesirow Financial Investment Management Inc. lifted its holdings in CECO Environmental by 20.3% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 19,714 shares of the company's stock valued at $315,000 after purchasing an additional 3,328 shares in the last quarter. Jump Financial LLC lifted its holdings in CECO Environmental by 200.4% in the 3rd quarter. Jump Financial LLC now owns 33,039 shares of the company's stock valued at $528,000 after purchasing an additional 22,039 shares in the last quarter. Finally, Boston Partners purchased a new position in CECO Environmental in the 3rd quarter valued at $201,000. Hedge funds and other institutional investors own 68.08% of the company's stock.

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.