CECO Environmental (NASDAQ:CECO) Hits New 12-Month High at $19.96

Shares of CECO Environmental Corp. (NASDAQ:CECO) reached a new 52-week high on Tuesday . The company traded as high as $19.96 and last traded at $19.79, with a volume of 124196 shares traded. The stock had previously closed at $19.24.

Wall Street Analyst Weigh In

CECO has been the subject of several research analyst reports. HC Wainwright reissued a “buy” rating and issued a $22.00 target price on shares of CECO Environmental in a research report on Wednesday, August 9th. TheStreet upgraded CECO Environmental from a “c+” rating to a “b” rating in a research report on Wednesday, November 8th. Needham & Company LLC upped their price objective on CECO Environmental from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, September 14th. Finally, Roth Mkm increased their price objective on shares of CECO Environmental from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $19.50.

CECO Environmental Trading Down 2.2 %

The company’s 50-day moving average is $16.24 and its 200 day moving average is $13.93. The company has a current ratio of 1.40, a quick ratio of 1.22 and a debt-to-equity ratio of 0.59. The firm has a market cap of $683.38 million, a PE ratio of 39.26, a P/E/G ratio of 1.81 and a beta of 1.21.

Insider Transactions at CECO Environmental

In related news, Director Richard F. Wallman bought 12,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was bought at an average price of $13.76 per share, for a total transaction of $165,120.00. Following the transaction, the director now directly owns 52,000 shares in the company, valued at $715,520. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other CECO Environmental news, Director Richard F. Wallman acquired 10,000 shares of CECO Environmental stock in a transaction dated Monday, September 18th. The stock was bought at an average cost of $15.99 per share, with a total value of $159,900.00. Following the acquisition, the director now owns 133,205 shares of the company’s stock, valued at $2,129,947.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard F. Wallman bought 12,000 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were bought at an average price of $13.76 per share, with a total value of $165,120.00. Following the transaction, the director now directly owns 52,000 shares in the company, valued at $715,520. The disclosure for this purchase can be found here. 15.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CECO Environmental

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State of Wyoming raised its holdings in shares of CECO Environmental by 12.3% in the second quarter. State of Wyoming now owns 7,765 shares of the company’s stock valued at $104,000 after buying an additional 852 shares during the last quarter. Northern Trust Corp raised its holdings in CECO Environmental by 0.6% during the 3rd quarter. Northern Trust Corp now owns 247,354 shares of the company’s stock worth $3,950,000 after buying an additional 1,594 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of CECO Environmental by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 81,933 shares of the company’s stock valued at $1,308,000 after buying an additional 1,617 shares during the period. First Horizon Advisors Inc. acquired a new stake in shares of CECO Environmental during the first quarter worth $26,000. Finally, Harbour Investments Inc. bought a new stake in CECO Environmental in the 1st quarter valued at $33,000. Institutional investors and hedge funds own 68.64% of the company’s stock.

CECO Environmental Company Profile

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. The company operates in two segments: Engineered Systems Segment and Industrial Process Solutions Segment. 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 and water and wastewater treatment solutions, as well as consultation services.