US stock futures inch lower after Wall St marks fresh records on tech gains
Director Richard F. Wallman of CECO Environmental (NASDAQ:CECO) acquired 3,000 shares of common stock on September 5, 2025, in a transaction valued at $140,799. The timing appears strategic, as the company’s stock has delivered an impressive 86% return over the past six months, with InvestingPro data showing strong momentum.
The shares were purchased at a weighted average price of $46.9333, with individual prices ranging from $46.80 to $47.00. Following the transaction, Wallman directly owns 219,909 shares and indirectly (by spouse) owns 80,500 shares of CECO Environmental. Analysts maintain a strong buy consensus with price targets reaching $56, according to InvestingPro, which identifies 14 additional key factors that could impact the stock’s performance.
In other recent news, CECO Environmental Corp reported impressive second-quarter earnings that surpassed analyst expectations. The company achieved adjusted earnings per share of $0.24, which was 33% higher than the anticipated $0.18. Additionally, CECO’s revenue reached $185.4 million, exceeding the consensus estimate of $178.66 million and marking a 35% year-over-year increase. Following these results, analysts have shown increased confidence in the company’s future performance. Needham raised its price target for CECO Environmental from $44 to $52, maintaining a Buy rating. Similarly, H.C. Wainwright increased its price target from $33 to $55, also with a Buy rating, citing the company’s strong financial results and diversified revenue base. These developments reflect optimism about CECO’s order growth and market positioning. The company’s margin strength and accretive mergers and acquisitions were also highlighted as contributing factors to its positive outlook.
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