CECO Environmental (NASDAQ:CECO) Given New $110.00 Price Target at Needham & Company LLC

by · The Markets Daily

CECO Environmental (NASDAQ:CECO – Get Free Report) had its price target hoisted by equities research analysts at Needham & Company LLC from $90.00 to $110.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 15.26% from the company’s current price.

Other analysts have also issued reports about the company. Roth Mkm reissued a “buy” rating and set a $85.00 target price on shares of CECO Environmental in a report on Wednesday, April 29th. Weiss Ratings downgraded shares of CECO Environmental from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. HC Wainwright raised their target price on shares of CECO Environmental from $55.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, February 25th. Craig Hallum restated a “buy” rating and issued a $103.00 target price on shares of CECO Environmental in a research report on Tuesday, April 28th. Finally, Zacks Research upgraded shares of CECO Environmental from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $90.17.

Get Our Latest Research Report on CECO Environmental

CECO Environmental Stock Up 18.5%

NASDAQ CECO opened at $95.44 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.18 and a debt-to-equity ratio of 0.78. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 257.95 and a beta of 1.49. The company has a 50 day moving average of $73.71 and a 200-day moving average of $66.24. CECO Environmental has a 1-year low of $26.32 and a 1-year high of $95.68.

CECO Environmental (NASDAQ:CECO – Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.24. CECO Environmental had a return on equity of 13.69% and a net margin of 1.70%.The business had revenue of $205.92 million for the quarter, compared to the consensus estimate of $198.88 million. During the same quarter in the prior year, the business posted $0.10 earnings per share. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. On average, equities research analysts expect that CECO Environmental will post 1.77 earnings per share for the current fiscal year.

Insider Activity at CECO Environmental

In related news, Director Richard F. Wallman bought 20,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was purchased at an average price of $76.85 per share, with a total value of $1,537,000.00. Following the completion of the acquisition, the director owned 105,500 shares of the company’s stock, valued at $8,107,675. The trade was a 23.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On CECO Environmental

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of CECO Environmental by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 1,780,596 shares of the company’s stock valued at $106,569,000 after acquiring an additional 9,840 shares during the last quarter. American Century Companies Inc. boosted its position in CECO Environmental by 16,844.6% during the 3rd quarter. American Century Companies Inc. now owns 1,257,796 shares of the company’s stock worth $64,399,000 after buying an additional 1,250,373 shares during the period. Dimensional Fund Advisors LP grew its holdings in CECO Environmental by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 903,291 shares of the company’s stock worth $53,813,000 after acquiring an additional 7,751 shares during the last quarter. Geode Capital Management LLC increased its position in CECO Environmental by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 729,700 shares of the company’s stock valued at $43,680,000 after acquiring an additional 8,734 shares during the period. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of CECO Environmental by 104.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock valued at $43,032,000 after acquiring an additional 366,611 shares during the last quarter. Institutional investors own 68.08% of the company’s stock.

About CECO Environmental

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CECO Environmental Corp. (NASDAQ: CECO) is a global technology provider specializing in engineered solutions that help industrial and commercial customers manage air emissions, process fluids and optimize energy use. The company develops custom-engineered systems and modular packages designed to meet evolving environmental regulations and improve operational efficiency across diverse production processes.

CECO’s core offerings include air pollution control equipment—such as scrubbers, cyclones, fabric and cartridge filters—and industrial process filtration systems for applications ranging from particulate removal to oil-water separation.

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