CECO Environmental Corp. (NASDAQ:CECO - Get Free Report) Director Richard F. Wallman acquired 5,000 shares of the firm's stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average price of $21.95 per share, with a total value of $109,750.00. Following the completion of the transaction, the director now owns 191,853 shares of the company's stock, valued at $4,211,173.35. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
CECO Environmental Stock Performance
Shares of CECO stock opened at $22.97 on Friday. The firm has a 50-day moving average of $22.65 and a 200-day moving average of $20.35. The company has a market cap of $800.94 million, a P/E ratio of 65.63, a P/E/G ratio of 1.50 and a beta of 1.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.38 and a quick ratio of 1.22. CECO Environmental Corp. has a one year low of $10.68 and a one year high of $25.82.
CECO Environmental (NASDAQ:CECO - Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. CECO Environmental had a net margin of 2.23% and a return on equity of 11.57%. The business had revenue of $126.30 million during the quarter, compared to the consensus estimate of $135.82 million. During the same quarter last year, the company posted $0.10 earnings per share. The firm's quarterly revenue was up 12.2% compared to the same quarter last year. Equities research analysts forecast that CECO Environmental Corp. will post 0.96 EPS for the current fiscal year.
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Several brokerages recently issued reports on CECO. HC Wainwright reissued a "buy" rating and set a $30.00 target price on shares of CECO Environmental in a research note on Wednesday. Roth Mkm raised their price objective on shares of CECO Environmental from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. Northland Securities raised their price objective on shares of CECO Environmental from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Wednesday, March 6th. Craig Hallum raised their price objective on shares of CECO Environmental from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Needham & Company LLC increased their target price on shares of CECO Environmental from $23.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, CECO Environmental currently has an average rating of "Buy" and an average target price of $27.40.
Read Our Latest Report on CECO
Institutional Trading of CECO Environmental
A number of large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its holdings in CECO Environmental by 89.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,641 shares of the company's stock worth $94,000 after buying an additional 2,195 shares during the last quarter. AJOVista LLC purchased a new position in shares of CECO Environmental in the fourth quarter worth about $57,000. Janney Montgomery Scott LLC increased its stake in shares of CECO Environmental by 5.4% in the third quarter. Janney Montgomery Scott LLC now owns 64,456 shares of the company's stock worth $1,029,000 after purchasing an additional 3,300 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its stake in shares of CECO Environmental by 20.3% in the third quarter. Mesirow Financial Investment Management Inc. now owns 19,714 shares of the company's stock worth $315,000 after purchasing an additional 3,328 shares in the last quarter. Finally, Truvestments Capital LLC increased its stake in shares of CECO Environmental by 21.4% in the third quarter. Truvestments Capital LLC now owns 19,701 shares of the company's stock worth $315,000 after purchasing an additional 3,467 shares in the last quarter. Hedge funds and other institutional investors own 68.08% of the company's stock.
CECO Environmental Company Profile
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Get Free Report)
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.
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