CECO Environmental Corp. (NASDAQ:CECO) Insider Sells $135,264.15 in Stock

CECO Environmental Corp. (NASDAQ:CECO) insider Peter K. Johansson sold 5,601 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $24.15, for a total transaction of $135,264.15. Following the sale, the insider now owns 84,660 shares of the company’s stock, valued at $2,044,539. The trade was a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CECO Environmental Trading Down 3.8 %

Shares of NASDAQ:CECO opened at $22.80 on Tuesday. The firm has a fifty day moving average of $25.55 and a two-hundred day moving average of $27.73. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. CECO Environmental Corp. has a 12-month low of $20.00 and a 12-month high of $35.16. The firm has a market capitalization of $797.77 million, a P/E ratio of 69.09, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $158.60 million during the quarter, compared to the consensus estimate of $156.09 million. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $0.28 EPS. On average, equities analysts expect that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CECO. Needham & Company LLC restated a “buy” rating and set a $33.00 price objective on shares of CECO Environmental in a report on Wednesday, February 26th. HC Wainwright restated a “neutral” rating on shares of CECO Environmental in a research report on Wednesday, February 26th. Northland Securities boosted their target price on shares of CECO Environmental from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Finally, Craig Hallum raised their target price on CECO Environmental from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, CECO Environmental presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.20.

Institutional Trading of CECO Environmental

Several large investors have recently added to or reduced their stakes in CECO. HighTower Advisors LLC grew its holdings in CECO Environmental by 25.4% during the third quarter. HighTower Advisors LLC now owns 17,669 shares of the company’s stock valued at $501,000 after purchasing an additional 3,581 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in CECO Environmental by 185.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 235,497 shares of the company’s stock worth $6,641,000 after purchasing an additional 152,893 shares during the last quarter. Barclays PLC grew its position in CECO Environmental by 115.0% during the third quarter. Barclays PLC now owns 63,615 shares of the company’s stock worth $1,795,000 after buying an additional 34,027 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CECO Environmental by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 689,487 shares of the company’s stock valued at $19,448,000 after buying an additional 11,857 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of CECO Environmental in the 4th quarter worth approximately $7,334,000. 68.08% of the stock is owned by institutional investors.

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.