CECO Environmental Corp. (NASDAQ:CECO - Get Free Report) insider Peter K. Johansson sold 5,601 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $24.15, for a total value of $135,264.15. Following the completion of the transaction, the insider now directly owns 84,660 shares in the company, valued at approximately $2,044,539. The trade was a 6.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
CECO Environmental Stock Performance
CECO traded down $1.34 during trading on Thursday, hitting $20.01. The stock had a trading volume of 413,418 shares, compared to its average volume of 284,438. 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 Corp. has a 12 month low of $19.67 and a 12 month high of $35.16. The company has a 50 day simple moving average of $25.02 and a 200-day simple moving average of $27.60. The firm has a market cap of $700.15 million, a PE ratio of 60.64, a P/E/G ratio of 1.39 and a beta of 1.43.
CECO Environmental (NASDAQ:CECO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.05. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The business had revenue of $158.60 million for the quarter, compared to analyst estimates of $156.09 million. During the same period in the previous year, the company posted $0.28 earnings per share. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. Analysts expect that CECO Environmental Corp. will post 0.67 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in CECO Environmental by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,652 shares of the company's stock worth $503,000 after acquiring an additional 591 shares during the period. Rhumbline Advisers grew its position in CECO Environmental by 2.7% in the 4th 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 increased its holdings in shares of CECO Environmental by 127.0% during the 4th quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company's stock worth $90,000 after purchasing an additional 1,658 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of CECO Environmental by 18.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,373 shares of the company's stock valued at $344,000 after buying an additional 1,779 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of CECO Environmental in the fourth quarter valued at about $56,000. 68.08% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have recently commented on the stock. Northland Securities increased their price target on shares of CECO Environmental from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Craig Hallum increased their target price on shares of CECO Environmental from $34.00 to $40.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Needham & Company LLC reaffirmed a "buy" rating and issued a $33.00 price target on shares of CECO Environmental in a research report on Wednesday, February 26th. Finally, HC Wainwright reissued a "neutral" rating on shares of CECO Environmental in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.20.
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About CECO Environmental
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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.
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