CECO Environmental Corp. (NASDAQ:CECO) Insider Peter K. Johansson Sells 5,601 Shares

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

CECO Environmental Stock Performance

Shares of NASDAQ CECO opened at $22.80 on Tuesday. CECO Environmental Corp. has a 12-month low of $20.00 and a 12-month high of $35.16. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50. The company has a market cap of $797.77 million, a PE ratio of 69.09, a P/E/G ratio of 1.39 and a beta of 1.43. The stock has a 50 day simple moving average of $25.55 and a 200-day simple moving average of $27.73.

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

Analyst Ratings Changes

A number of brokerages have commented on CECO. HC Wainwright restated a “neutral” rating on shares of CECO Environmental in a research note on Wednesday, February 26th. Northland Securities boosted their price objective on CECO Environmental from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Craig Hallum increased their target price on CECO Environmental from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $33.00 target price on shares of CECO Environmental in a research note on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, CECO Environmental presently has an average rating of “Moderate Buy” and a consensus price target of $36.20.

Institutional Trading of CECO Environmental

A number of institutional investors have recently made changes to their positions in CECO. Hood River Capital Management LLC lifted its position in CECO Environmental by 63.0% in the fourth quarter. Hood River Capital Management LLC now owns 1,740,740 shares of the company’s stock worth $52,623,000 after purchasing an additional 673,050 shares during the period. Voya Investment Management LLC increased its position in shares of CECO Environmental by 6,409.3% during the 4th quarter. Voya Investment Management LLC now owns 645,853 shares of the company’s stock valued at $19,524,000 after purchasing an additional 635,931 shares during the period. Raymond James Financial Inc. bought a new stake in shares of CECO Environmental in the 4th quarter worth $7,334,000. Capital International Investors lifted its holdings in shares of CECO Environmental by 12.1% in the fourth quarter. Capital International Investors now owns 1,971,334 shares of the company’s stock valued at $59,593,000 after buying an additional 212,476 shares during the period. Finally, Peregrine Capital Management LLC bought a new position in CECO Environmental during the fourth quarter valued at about $6,278,000. 68.08% of the stock is owned by institutional investors and hedge funds.

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.