CECO Environmental (NASDAQ:CECO) Hits New 52-Week High – Still a Buy?

CECO Environmental Corp. (NASDAQ:CECO)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $79.69 and last traded at $78.2190, with a volume of 13865 shares changing hands. The stock had previously closed at $79.14.

Analyst Upgrades and Downgrades

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

CECO Environmental Trading Down 2.5%

The business has a 50 day moving average of $65.24 and a 200 day moving average of $54.98. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 54.71 and a beta of 1.38. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.33 and a quick ratio of 1.13.

Institutional Trading of CECO Environmental

A number of hedge funds have recently modified their holdings of the company. American Century Companies Inc. boosted its stake 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 acquiring an additional 1,250,373 shares during the last quarter. Capital World Investors acquired a new stake in CECO Environmental in the fourth quarter worth $19,936,000. Two Sigma Investments LP boosted its position in shares of CECO Environmental by 3,620.8% during the third quarter. Two Sigma Investments LP now owns 302,691 shares of the company’s stock worth $15,498,000 after purchasing an additional 294,556 shares in the last quarter. IES Holdings Inc. bought a new stake in shares of CECO Environmental in the 4th quarter valued at $16,963,000. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of CECO Environmental in the 2nd quarter valued at $7,394,000. 68.08% of the stock is currently owned by institutional investors and hedge funds.

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.