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Director Claudio Mannarino of CECO Environmental Corp (NASDAQ:CECO) sold a total of $830,246 in company stock on July 30, 2025. The sale comes as CECO shares trade near their 52-week high of $44.97, having surged nearly 30% in the past week alone. According to InvestingPro analysis, the stock appears to be trading in overbought territory.
According to a Form 4 filing with the Securities and Exchange Commission, Mannarino disposed of 19,990 shares of common stock in a series of transactions. The prices for these sales ranged from $40.4109 to $41.9785 per share. With CECO’s market capitalization now at $1.55 billion, InvestingPro subscribers can access 16 additional key insights about the company’s valuation and growth prospects through the comprehensive Pro Research Report.
In other recent news, CECO Environmental Corp. reported impressive second-quarter earnings that exceeded analyst expectations. The company posted adjusted earnings per share of $0.24, which was 33% higher than the anticipated $0.18. Revenue also saw a significant increase, reaching $185.4 million and surpassing the consensus estimate of $178.66 million, marking a 35% year-over-year growth. Additionally, H.C. Wainwright raised its price target for CECO Environmental from $33 to $55 while maintaining a Buy rating. The firm highlighted the company’s strong financial performance, diversified revenue base, and strategic mergers and acquisitions as key factors contributing to this optimistic outlook. These developments reflect CECO’s robust position in markets benefiting from favorable macroeconomic conditions.
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