Insider Buying: CECO Environmental (NASDAQ:CECO) Director Buys $1,537,000.00 in Stock

CECO Environmental Corp. (NASDAQ:CECO) Director Richard Wallman acquired 20,000 shares of the stock in a transaction on Monday, June 1st. The stock was bought at an average price of $76.85 per share, for a total transaction of $1,537,000.00. Following the transaction, the director owned 105,500 shares in the company, valued at approximately $8,107,675. This represents a 23.39% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

CECO Environmental Trading Down 3.8%

CECO Environmental stock opened at $78.02 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78. CECO Environmental Corp. has a 12 month low of $25.96 and a 12 month high of $92.00. The stock’s 50 day simple moving average is $72.63 and its two-hundred day simple moving average is $65.57. The firm has a market cap of $2.80 billion, a PE ratio of 210.86 and a beta of 1.49.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The business had revenue of $205.92 million for the quarter, compared to analyst estimates of $198.88 million. During the same quarter in the prior year, the firm posted $0.10 EPS. The business’s quarterly revenue was up 16.5% compared to the same quarter last year. Analysts anticipate that CECO Environmental Corp. will post 1.77 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CECO. American Century Companies Inc. raised its stake in CECO Environmental by 16,844.6% in the 3rd quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock valued at $64,399,000 after purchasing an additional 1,250,373 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in CECO Environmental by 104.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock valued at $43,032,000 after purchasing an additional 366,611 shares during the last quarter. Capital World Investors acquired a new position in CECO Environmental in the 4th quarter valued at $19,936,000. Two Sigma Investments LP raised its stake in CECO Environmental by 3,620.8% in the 3rd quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock valued at $15,498,000 after purchasing an additional 294,556 shares during the last quarter. Finally, IES Holdings Inc. acquired a new position in CECO Environmental in the 4th quarter valued at $16,963,000. 68.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CECO shares. Craig Hallum reaffirmed a “buy” rating and set a $103.00 target price on shares of CECO Environmental in a research note on Tuesday, April 28th. Needham & Company LLC upped their target price on CECO Environmental from $80.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. HC Wainwright upped their target price on CECO Environmental from $55.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Weiss Ratings downgraded CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $80.00 target price on shares of CECO Environmental in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $86.83.

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.