CECO Environmental Corp. (NASDAQ:CECO) Insider Sells $135,264.15 in Stock

CECO Environmental Corp. (NASDAQ:CECO) insider Peter K. Johansson sold 5,601 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $24.15, for a total value of $135,264.15. Following the transaction, the insider now directly owns 84,660 shares of the company’s stock, valued at $2,044,539. The trade was a 6.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

CECO Environmental Trading Up 1.3 %

Shares of CECO stock opened at $23.09 on Wednesday. The firm’s 50-day simple moving average is $25.40 and its 200-day simple moving average is $27.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12. CECO Environmental Corp. has a 1-year low of $20.00 and a 1-year high of $35.16. The firm has a market cap of $807.92 million, a P/E ratio of 69.97, a PEG ratio of 1.39 and a beta of 1.43.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $158.60 million for the quarter, compared to analyst estimates of $156.09 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. CECO Environmental’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned $0.28 EPS. As a group, equities analysts forecast that CECO Environmental Corp. will post 0.67 EPS for the current year.

Institutional Investors Weigh In On CECO Environmental

A number of institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 worth $503,000 after purchasing an additional 591 shares during the period. Rhumbline Advisers raised its holdings in CECO Environmental by 2.7% in the fourth quarter. Rhumbline Advisers now owns 40,614 shares of the company’s stock valued at $1,228,000 after buying an additional 1,080 shares during the period. Jones Financial Companies Lllp lifted its position in CECO Environmental by 127.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company’s stock valued at $90,000 after buying an additional 1,658 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in 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 worth $344,000 after buying an additional 1,779 shares during the period. Finally, Mackenzie Financial Corp acquired a new stake in shares of CECO Environmental in the fourth quarter worth $56,000. Hedge funds and other institutional investors own 68.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CECO shares. Needham & Company LLC reiterated a “buy” rating and set a $33.00 price objective on shares of CECO Environmental in a research report on Wednesday, February 26th. Northland Securities lifted their price target on shares of CECO Environmental from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. HC Wainwright reissued a “neutral” rating on shares of CECO Environmental in a research report on Wednesday, February 26th. Finally, Craig Hallum raised 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock 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.