CECO Environmental (NASDAQ:CECO) Given Neutral Rating at HC Wainwright

CECO Environmental (NASDAQ:CECO)‘s stock had its “neutral” rating restated by stock analysts at HC Wainwright in a research note issued to investors on Wednesday,Benzinga reports.

Several other research analysts have also commented on CECO. Needham & Company LLC reduced their price target on CECO Environmental from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Craig Hallum boosted their target price on shares of CECO Environmental from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Northland Securities raised their price target on shares of CECO Environmental from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, December 20th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.20.

CECO Environmental Trading Up 8.2 %

NASDAQ:CECO opened at $24.51 on Wednesday. The firm has a 50-day simple moving average of $28.69 and a 200-day simple moving average of $28.29. CECO Environmental has a one year low of $18.50 and a one year high of $35.16. The firm has a market cap of $857.34 million, a P/E ratio of 74.27, a P/E/G ratio of 1.39 and a beta of 1.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.30.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 was up 3.2% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. Equities analysts anticipate that CECO Environmental will post 0.67 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital International Investors raised its stake in 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 last quarter. Hood River Capital Management LLC raised its position in shares of CECO Environmental by 63.0% in the 4th quarter. Hood River Capital Management LLC now owns 1,740,740 shares of the company’s stock valued at $52,623,000 after purchasing an additional 673,050 shares during the last quarter. Vanguard Group Inc. boosted its stake in CECO Environmental by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 1,648,674 shares of the company’s stock worth $49,839,000 after purchasing an additional 9,023 shares in the last quarter. King Luther Capital Management Corp boosted its stake in CECO Environmental by 2.3% in the 4th quarter. King Luther Capital Management Corp now owns 1,033,789 shares of the company’s stock worth $31,251,000 after purchasing an additional 23,239 shares in the last quarter. Finally, Royce & Associates LP grew its position in CECO Environmental by 27.2% during the 4th quarter. Royce & Associates LP now owns 915,212 shares of the company’s stock worth $27,667,000 after purchasing an additional 195,425 shares during the last quarter. 68.08% of the stock is currently owned by hedge funds and other 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.