CECO Environmental (NASDAQ:CECO) CFO Peter Johansson Sells 30,000 Shares

CECO Environmental Corp. (NASDAQ:CECO) CFO Peter Johansson sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $96.49, for a total value of $2,894,700.00. Following the completion of the transaction, the chief financial officer owned 40,746 shares in the company, valued at approximately $3,931,581.54. The trade was a 42.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

CECO Environmental Stock Performance

NASDAQ:CECO traded down $3.22 during trading hours on Friday, reaching $91.87. The stock had a trading volume of 1,877,024 shares, compared to its average volume of 690,585. The stock has a market cap of $3.30 billion, a P/E ratio of 248.30 and a beta of 1.49. The stock has a 50 day simple moving average of $81.82 and a 200 day simple moving average of $69.93. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.18 and a current ratio of 1.33. CECO Environmental Corp. has a 12-month low of $28.01 and a 12-month high of $101.24.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.24. The firm had revenue of $205.92 million for the quarter, compared to analysts’ expectations of $198.88 million. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The business’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. On average, research analysts forecast that CECO Environmental Corp. will post 1.96 EPS for the current fiscal year.

Institutional Investors Weigh In On CECO Environmental

A number of institutional investors and hedge funds have recently modified their holdings of the company. Arkadios Wealth Advisors purchased a new stake in shares of CECO Environmental in the first quarter worth about $1,066,000. California State Teachers Retirement System grew its stake in CECO Environmental by 26.8% during the first quarter. California State Teachers Retirement System now owns 34,758 shares of the company’s stock valued at $2,071,000 after acquiring an additional 7,336 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in CECO Environmental by 310.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 115,242 shares of the company’s stock worth $6,866,000 after acquiring an additional 87,173 shares during the period. Sei Investments Co. increased its holdings in CECO Environmental by 3.1% during the 1st quarter. Sei Investments Co. now owns 111,313 shares of the company’s stock worth $6,632,000 after acquiring an additional 3,338 shares during the period. Finally, Walleye Capital LLC purchased a new stake in CECO Environmental in the 1st quarter worth approximately $2,291,000. 68.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CECO shares. Zacks Research raised shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. Craig Hallum reiterated a “buy” rating and issued a $103.00 price objective on shares of CECO Environmental in a research note on Tuesday, April 28th. Weiss Ratings cut shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 8th. Northland Securities set a $118.00 target price on CECO Environmental in a research report on Friday, June 12th. Finally, Lake Street Capital raised their price target on CECO Environmental from $80.00 to $111.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, CECO Environmental presently has a consensus rating of “Buy” and a consensus target price of $102.83.

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.