CECO Environmental Corp. (NASDAQ:CECE) saw some unusual options trading activity on Wednesday. Investors purchased 2,000 put options on the company. This represents an increase of 614% compared to the typical daily volume of 280 put options.

In related news, Director David B. Liner purchased 5,000 shares of CECO Environmental stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $7.13 per share, for a total transaction of $35,650.00. Following the acquisition, the director now owns 42,860 shares in the company, valued at approximately $305,591.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders acquired 7,000 shares of company stock worth $48,830. 13.44% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in CECO Environmental by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 307,172 shares of the industrial products company’s stock valued at $2,073,000 after purchasing an additional 19,438 shares during the last quarter. Actinver Wealth Management Inc. bought a new position in CECO Environmental during the 4th quarter valued at about $607,000. Dimensional Fund Advisors LP grew its holdings in CECO Environmental by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,366,493 shares of the industrial products company’s stock valued at $15,974,000 after purchasing an additional 54,611 shares during the last quarter. Macquarie Group Ltd. grew its holdings in CECO Environmental by 117.6% during the 4th quarter. Macquarie Group Ltd. now owns 7,304 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 3,948 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new position in CECO Environmental during the 4th quarter valued at about $73,000. Hedge funds and other institutional investors own 67.05% of the company’s stock.

A number of analysts have issued reports on the stock. BidaskClub upgraded shares of CECO Environmental from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. Zacks Investment Research downgraded shares of CECO Environmental from a “buy” rating to a “hold” rating in a report on Friday, February 15th. B. Riley assumed coverage on shares of CECO Environmental in a report on Thursday. They issued a “buy” rating and a $9.50 target price on the stock. ValuEngine upgraded shares of CECO Environmental from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 2nd. Finally, Maxim Group set a $10.00 target price on shares of CECO Environmental and gave the stock a “buy” rating in a report on Friday, March 8th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $9.17.

CECO Environmental stock opened at $7.71 on Friday. CECO Environmental has a twelve month low of $4.37 and a twelve month high of $9.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.35 and a current ratio of 1.55. The stock has a market capitalization of $273.54 million, a PE ratio of 26.59, a price-to-earnings-growth ratio of 1.13 and a beta of 1.11.

CECO Environmental (NASDAQ:CECE) last posted its earnings results on Thursday, March 7th. The industrial products company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). CECO Environmental had a positive return on equity of 5.36% and a negative net margin of 2.11%. The business had revenue of $93.85 million during the quarter, compared to the consensus estimate of $88.91 million. On average, equities analysts forecast that CECO Environmental will post 0.46 earnings per share for the current fiscal year.

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CECO Environmental Company Profile

CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other markets worldwide. The company operates through three segments: Energy Solutions, Environmental Solutions, and Fluid Handling and Filtration Solutions. The company engineers, designs, builds, and installs systems that capture, clean, and destroy airborne contaminants from industrial facilities, as well as equipment that control emissions from such facilities; and fluid handling and filtration systems.

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