CECO Environmental Corp. (NASDAQ:CECO) Director Richard F. Wallman Acquires 1,000 Shares

CECO Environmental Corp. (NASDAQ:CECO - Get Free Report) Director Richard F. Wallman purchased 1,000 shares of CECO Environmental stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $25.15 per share, for a total transaction of $25,150.00. Following the completion of the transaction, the director now directly owns 207,117 shares in the company, valued at $5,208,992.55. The trade was a 0.49 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

CECO Environmental Stock Down 2.3 %

Shares of CECO stock traded down $0.56 during trading hours on Monday, hitting $24.32. 239,190 shares of the company were exchanged, compared to its average volume of 302,698. The company has a market capitalization of $850.96 million, a PE ratio of 73.70, a PEG ratio of 1.39 and a beta of 1.41. CECO Environmental Corp. has a 52 week low of $18.50 and a 52 week high of $35.16. The business has a 50 day moving average of $28.42 and a two-hundred day moving average of $28.24. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50.

CECO Environmental (NASDAQ:CECO - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $158.60 million for the quarter, compared to the consensus estimate of $156.09 million. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The company's revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.28 EPS. Analysts anticipate that CECO Environmental Corp. will post 0.67 earnings per share for the current fiscal year.

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Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CECO. Northland Securities increased their price target on shares of CECO Environmental from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Friday, December 20th. Needham & Company LLC reissued a "buy" rating and set a $33.00 price target on shares of CECO Environmental in a research report on Wednesday, February 26th. HC Wainwright restated a "neutral" rating on shares of CECO Environmental in a research report on Wednesday, February 26th. Finally, Craig Hallum lifted their target price on CECO Environmental from $34.00 to $40.00 and gave the stock a "buy" rating in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $36.20.

Hedge Funds Weigh In On CECO Environmental

A number of large investors have recently bought and sold shares of CECO. Capital International Investors raised its holdings in shares of CECO Environmental by 12.1% in the fourth quarter. Capital International Investors now owns 1,971,334 shares of the company's stock valued at $59,593,000 after purchasing an additional 212,476 shares during the last quarter. Hood River Capital Management LLC increased its stake in CECO Environmental by 63.0% in the 4th quarter. Hood River Capital Management LLC now owns 1,740,740 shares of the company's stock valued at $52,623,000 after buying an additional 673,050 shares during the last quarter. Vanguard Group Inc. lifted its position in CECO Environmental by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 1,648,674 shares of the company's stock worth $49,839,000 after buying an additional 9,023 shares in the last quarter. King Luther Capital Management Corp boosted its stake in shares of CECO Environmental by 2.3% during the 4th quarter. King Luther Capital Management Corp now owns 1,033,789 shares of the company's stock worth $31,251,000 after buying an additional 23,239 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of CECO Environmental by 27.2% in the 4th quarter. Royce & Associates LP now owns 915,212 shares of the company's stock valued at $27,667,000 after acquiring an additional 195,425 shares in the last quarter. Institutional investors and hedge funds own 68.08% of the company's stock.

About CECO Environmental

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.