CECO Environmental (NASDAQ:CECO) Shares Gap Up – Time to Buy?

CECO Environmental Corp. (NASDAQ:CECO)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $58.71, but opened at $60.20. CECO Environmental shares last traded at $60.79, with a volume of 5,547 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CECO shares. Needham & Company LLC increased their price objective on shares of CECO Environmental from $57.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CECO Environmental in a research report on Wednesday, October 8th. Northland Securities boosted their price objective on shares of CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Zacks Research upgraded CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, CECO Environmental presently has an average rating of “Moderate Buy” and an average target price of $58.80.

CECO Environmental Trading Up 3.3%

The stock’s 50-day simple moving average is $53.49 and its two-hundred day simple moving average is $45.28. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.33 and a quick ratio of 1.13. The firm has a market capitalization of $2.23 billion, a P/E ratio of 44.44 and a beta of 1.37.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $197.60 million for the quarter, compared to the consensus estimate of $190.36 million. CECO Environmental had a net margin of 7.22% and a return on equity of 10.84%. The company’s revenue was up 45.8% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS. Equities research analysts expect that CECO Environmental Corp. will post 0.67 EPS for the current year.

Hedge Funds Weigh In On CECO Environmental

A number of hedge funds have recently made changes to their positions in the business. Hood River Capital Management LLC raised its stake in CECO Environmental by 0.7% during the 2nd quarter. Hood River Capital Management LLC now owns 1,941,741 shares of the company’s stock valued at $54,971,000 after purchasing an additional 14,073 shares during the period. Vanguard Group Inc. boosted its stake in CECO Environmental by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,770,756 shares of the company’s stock worth $90,663,000 after purchasing an additional 16,708 shares during the period. American Century Companies Inc. grew its holdings 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 valued at $64,399,000 after buying an additional 1,250,373 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of CECO Environmental by 4.6% during the second quarter. King Luther Capital Management Corp now owns 1,177,461 shares of the company’s stock valued at $33,334,000 after buying an additional 51,357 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of CECO Environmental by 4.9% during the second quarter. William Blair Investment Management LLC now owns 945,897 shares of the company’s stock valued at $26,778,000 after buying an additional 44,310 shares during the last quarter. Institutional investors own 68.08% of the company’s stock.

About CECO Environmental

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.