CECO Environmental's (CECO) "Neutral" Rating Reiterated at HC Wainwright

HC Wainwright reaffirmed their neutral rating on shares of CECO Environmental (NASDAQ:CECO - Free Report) in a report published on Wednesday morning,Benzinga reports. HC Wainwright also issued estimates for CECO Environmental's Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.31 EPS, Q4 2025 earnings at $0.64 EPS and FY2025 earnings at $1.27 EPS.

Several other brokerages also recently commented on CECO. Craig Hallum raised their price objective on shares of CECO Environmental from $34.00 to $40.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Needham & Company LLC decreased their price objective on shares of CECO Environmental from $35.00 to $33.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Finally, Northland Securities lifted their price target 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.20.

CECO Environmental Stock Performance

Shares of CECO Environmental stock traded down $0.30 on Wednesday, hitting $24.88. 269,947 shares of the company's stock were exchanged, compared to its average volume of 304,337. The stock has a market capitalization of $870.28 million, a PE ratio of 75.40, a PEG ratio of 1.39 and a beta of 1.41. CECO Environmental has a 1 year low of $18.50 and a 1 year high of $35.16. The company has a 50-day simple moving average of $28.42 and a 200-day simple moving average of $28.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.30.

Remove Ads

CECO Environmental (NASDAQ:CECO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 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 net margin of 2.16% and a return on equity of 11.12%. The company's revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. As a group, equities analysts anticipate that CECO Environmental will post 0.67 EPS for the current year.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman bought 1,000 shares of CECO Environmental stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of $25.15 per share, for a total transaction of $25,150.00. Following the acquisition, the director now directly owns 207,117 shares in the company, valued at approximately $5,208,992.55. This represents a 0.49 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 16.90% of the stock is currently owned by insiders.

Institutional Trading of CECO Environmental

Large investors have recently made changes to their positions in the business. First Horizon Advisors Inc. increased its holdings in shares of CECO Environmental by 71.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,416 shares of the company's stock worth $40,000 after buying an additional 591 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of CECO Environmental in the 4th quarter worth about $56,000. Quest Partners LLC bought a new stake in shares of CECO Environmental in the 3rd quarter worth about $69,000. Heck Capital Advisors LLC bought a new stake in shares of CECO Environmental in the 4th quarter worth about $74,000. Finally, Morse Asset Management Inc bought a new stake in shares of CECO Environmental in the 3rd quarter worth about $76,000. 68.08% of the stock is currently owned by institutional investors.

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.