CECO Environmental (NASDAQ:CECO) Hits New 12-Month High – Here’s Why

CECO Environmental Corp. (NASDAQ:CECO) reached a new 52-week high on Tuesday . The stock traded as high as $75.21 and last traded at $73.78, with a volume of 213499 shares trading hands. The stock had previously closed at $72.37.

Wall Street Analyst Weigh In

CECO has been the topic of several research reports. Needham & Company LLC boosted their price target on CECO Environmental from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of CECO Environmental in a report on Wednesday, January 21st. Northland Securities raised their price objective on shares of CECO Environmental from $60.00 to $73.00 and gave the stock an “outperform” rating in a report on Wednesday, December 24th. Finally, Zacks Research upgraded shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.75.

CECO Environmental Stock Performance

The stock has a 50-day moving average of $63.05 and a 200 day moving average of $53.67. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.13 and a current ratio of 1.33. The firm has a market capitalization of $2.63 billion, a P/E ratio of 52.33 and a beta of 1.38.

Institutional Trading of CECO Environmental

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of CECO Environmental by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 729,700 shares of the company’s stock valued at $43,680,000 after acquiring an additional 8,734 shares during the last quarter. Legal & General Group Plc grew its stake in shares of CECO Environmental by 3.0% during the fourth quarter. Legal & General Group Plc now owns 418,255 shares of the company’s stock worth $25,033,000 after purchasing an additional 12,074 shares during the period. William Blair Investment Management LLC increased its holdings in CECO Environmental by 3.0% in the fourth quarter. William Blair Investment Management LLC now owns 706,273 shares of the company’s stock valued at $42,270,000 after purchasing an additional 20,531 shares during the last quarter. Lisanti Capital Growth LLC bought a new stake in shares of CECO Environmental in the 4th quarter valued at about $5,041,000. Finally, Legato Capital Management LLC grew its holdings in CECO Environmental by 77.9% during the fourth quarter. Legato Capital Management LLC now owns 81,123 shares of the company’s stock valued at $4,855,000 after purchasing an additional 35,529 shares during the period. Institutional investors and hedge funds 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.