Insider Selling: CECO Environmental Corp. (NASDAQ:CECO) Insider Sells 22,500 Shares of Stock

CECO Environmental Corp. (NASDAQ:CECO - Get Free Report) insider Peter K. Johansson sold 22,500 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $22.80, for a total value of $513,000.00. Following the sale, the insider now directly owns 62,160 shares of the company's stock, valued at $1,417,248. The trade was a 26.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

CECO Environmental Price Performance

Shares of CECO Environmental stock traded down $0.43 on Monday, hitting $19.37. The company's stock had a trading volume of 333,085 shares, compared to its average volume of 286,206. The company has a market capitalization of $677.76 million, a P/E ratio of 58.70, a price-to-earnings-growth ratio of 1.39 and a beta of 1.30. CECO Environmental Corp. has a 52-week low of $9.00 and a 52-week high of $35.16. The firm has a fifty day moving average price of $24.83 and a 200-day moving average price of $27.53. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50.

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

Institutional Trading of CECO Environmental

Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in CECO Environmental by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,652 shares of the company's stock valued at $503,000 after purchasing an additional 591 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of CECO Environmental by 2.7% during the fourth quarter. Rhumbline Advisers now owns 40,614 shares of the company's stock worth $1,228,000 after purchasing an additional 1,080 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of CECO Environmental by 127.0% in the fourth quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company's stock valued at $90,000 after purchasing an additional 1,658 shares during the period. Price T Rowe Associates Inc. MD increased its stake in CECO Environmental by 18.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,373 shares of the company's stock valued at $344,000 after purchasing an additional 1,779 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in CECO Environmental during the fourth quarter worth about $56,000. Institutional investors and hedge funds own 68.08% of the company's stock.

Wall Street Analyst Weigh In

CECO has been the subject of several research reports. Northland Securities lifted their target price on shares of CECO Environmental from $35.00 to $38.00 and gave the company an "outperform" rating in a report on Friday, December 20th. HC Wainwright restated a "neutral" rating on shares of CECO Environmental in a research report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and set a $33.00 price objective on shares of CECO Environmental in a research report on Wednesday, February 26th. Finally, Craig Hallum boosted their target price on CECO Environmental from $34.00 to $40.00 and gave the company a "buy" rating in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.20.

CECO Environmental Company Profile

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.