CECO Environmental (NASDAQ:CECO) Hits New 12-Month High – Still a Buy?

Shares of CECO Environmental Corp. (NASDAQ:CECO) hit a new 52-week high during trading on Thursday . The company traded as high as $68.50 and last traded at $68.17, with a volume of 70742 shares traded. The stock had previously closed at $66.58.

Analysts Set New Price Targets

A number of analysts recently issued reports on CECO shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, October 8th. Needham & Company LLC lifted their target price on CECO Environmental from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Zacks Research raised CECO Environmental from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Northland Securities lifted their price objective on CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, December 24th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.75.

CECO Environmental Stock Performance

The company has a market cap of $2.43 billion, a PE ratio of 48.38 and a beta of 1.39. The company has a current ratio of 1.33, a quick ratio of 1.13 and a debt-to-equity ratio of 0.70. The firm’s 50-day simple moving average is $58.03 and its two-hundred day simple moving average is $50.03.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. CECO Environmental had a net margin of 7.22% and a return on equity of 10.84%. The business had revenue of $197.60 million during the quarter, compared to analysts’ expectations of $190.36 million. During the same quarter last year, the company posted $0.14 earnings per share. The business’s quarterly revenue was up 45.8% on a year-over-year basis. As a group, research analysts anticipate that CECO Environmental Corp. will post 0.67 earnings per share for the current fiscal year.

Institutional Trading of CECO Environmental

Several large investors have recently added to or reduced their stakes in the company. Marex Group plc acquired a new position in CECO Environmental in the 2nd quarter worth about $707,000. Osterweis Capital Management Inc. purchased a new stake in shares of CECO Environmental in the second quarter valued at approximately $7,175,000. First Eagle Investment Management LLC raised its stake in shares of CECO Environmental by 2.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 601,478 shares of the company’s stock worth $17,028,000 after buying an additional 13,200 shares during the period. Calamos Advisors LLC lifted its position in shares of CECO Environmental by 85.0% during the 2nd quarter. Calamos Advisors LLC now owns 31,224 shares of the company’s stock valued at $884,000 after buying an additional 14,346 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in CECO Environmental by 224.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,445 shares of the company’s stock valued at $41,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 68.08% of the company’s stock.

CECO Environmental Company Profile

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.