Key Points
- CECO Environmental CFO Peter Johansson sold 30,000 shares on June 24 at an average price of $96.49, generating about $2.89 million and cutting his stake by 42.41%.
- The company recently reported better-than-expected quarterly results, with EPS of $0.36 versus the $0.12 consensus and revenue of $205.92 million, up 16.5% year over year.
- Wall Street remains generally bullish on CECO, with an average analyst rating of “Buy” and an average price target of $102.83, while institutional investors continue to hold the majority of shares.
CECO Environmental Corp. (NASDAQ:CECO - Get Free Report) CFO Peter Johansson sold 30,000 shares of the business's stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total value of $2,894,700.00. Following the completion of the sale, the chief financial officer owned 40,746 shares in the company, valued at $3,931,581.54. The trade was a 42.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
CECO Environmental Price Performance
Shares of CECO opened at $91.87 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.78. CECO Environmental Corp. has a twelve month low of $28.01 and a twelve month high of $101.24. The stock has a market capitalization of $3.30 billion, a P/E ratio of 248.30 and a beta of 1.49. The company has a 50 day moving average of $82.36 and a 200-day moving average of $70.08.
CECO Environmental (NASDAQ:CECO - Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.24. The business had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. CECO Environmental had a net margin of 1.70% and a return on equity of 13.69%. The firm's revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. As a group, equities research analysts forecast that CECO Environmental Corp. will post 1.96 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts have issued reports on CECO shares. Roth Mkm reaffirmed a "buy" rating and set a $85.00 price target on shares of CECO Environmental in a research report on Wednesday, April 29th. Northland Securities set a $118.00 price objective on shares of CECO Environmental in a research report on Friday, June 12th. Craig Hallum reiterated a "buy" rating and issued a $103.00 price objective on shares of CECO Environmental in a report on Tuesday, April 28th. Lake Street Capital increased their price objective on shares of CECO Environmental from $80.00 to $111.00 and gave the company a "buy" rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings downgraded shares of CECO Environmental from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $102.83.
Read Our Latest Stock Report on CECO Environmental
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CECO. American Century Companies Inc. increased its position in CECO Environmental by 16,844.6% during the 3rd quarter. American Century Companies Inc. now owns 1,257,796 shares of the company's stock worth $64,399,000 after buying an additional 1,250,373 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of CECO Environmental by 104.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company's stock valued at $43,032,000 after acquiring an additional 366,611 shares during the period. Capital World Investors acquired a new position in shares of CECO Environmental in the fourth quarter valued at about $19,936,000. Two Sigma Investments LP grew its stake in shares of CECO Environmental by 3,620.8% in the third quarter. Two Sigma Investments LP now owns 302,691 shares of the company's stock valued at $15,498,000 after acquiring an additional 294,556 shares in the last quarter. Finally, IES Holdings Inc. bought a new position in CECO Environmental during the fourth quarter worth about $16,963,000. 68.08% of the stock is owned by institutional investors and hedge funds.
About CECO Environmental
(
Get Free Report)
CECO Environmental Corp. (NASDAQ: CECO) is a global technology provider specializing in engineered solutions that help industrial and commercial customers manage air emissions, process fluids and optimize energy use. The company develops custom-engineered systems and modular packages designed to meet evolving environmental regulations and improve operational efficiency across diverse production processes.
CECO's core offerings include air pollution control equipment—such as scrubbers, cyclones, fabric and cartridge filters—and industrial process filtration systems for applications ranging from particulate removal to oil-water separation.
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