CECO Environmental (NASDAQ:CECO) PT Raised to $28.00

CECO Environmental (NASDAQ:CECO) had its price target upped by Craig Hallum from $25.00 to $28.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also issued reports on CECO. Northland Securities increased their price target on shares of CECO Environmental from $27.00 to $28.00 and gave the stock an outperform rating in a research report on Wednesday, March 6th. HC Wainwright restated a buy rating and issued a $30.00 target price on shares of CECO Environmental in a research note on Wednesday. Needham & Company LLC lifted their price target on CECO Environmental from $23.00 to $26.00 and gave the company a buy rating in a report on Wednesday. Finally, Roth Mkm raised their price target on shares of CECO Environmental from $22.00 to $25.00 and gave the company a buy rating in a report on Wednesday, March 6th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CECO Environmental currently has an average rating of Buy and an average price target of $27.40.

CECO Environmental Price Performance

CECO stock opened at $22.00 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. CECO Environmental has a one year low of $10.68 and a one year high of $25.82. The firm has a market capitalization of $767.14 million, a PE ratio of 59.46, a P/E/G ratio of 1.76 and a beta of 1.23. The firm has a 50-day moving average of $22.62 and a two-hundred day moving average of $20.33.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. CECO Environmental had a net margin of 2.37% and a return on equity of 11.57%. The company had revenue of $126.30 million during the quarter, compared to analyst estimates of $135.82 million. During the same period in the prior year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts forecast that CECO Environmental will post 0.96 earnings per share for the current year.

Insider Buying and Selling at CECO Environmental

In related news, Director Laurie Siegel bought 2,500 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were bought at an average cost of $19.87 per share, for a total transaction of $49,675.00. Following the completion of the acquisition, the director now directly owns 7,906 shares in the company, valued at $157,092.22. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On CECO Environmental

Several institutional investors have recently bought and sold shares of CECO. Wellington Management Group LLP raised its holdings in CECO Environmental by 271.2% during the third quarter. Wellington Management Group LLP now owns 629,146 shares of the company’s stock valued at $10,047,000 after buying an additional 459,646 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of CECO Environmental in the third quarter valued at about $7,037,000. Loomis Sayles & Co. L P acquired a new stake in shares of CECO Environmental in the third quarter valued at about $6,891,000. RK Capital Management LLC grew its position in shares of CECO Environmental by 36.6% in the third quarter. RK Capital Management LLC now owns 884,347 shares of the company’s stock valued at $14,123,000 after purchasing an additional 237,093 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in shares of CECO Environmental in the fourth quarter valued at about $4,153,000. 68.08% of the stock is currently owned by institutional investors.

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.