Insider Buying: Ecovyst Inc. (NYSE:ECVT) Insider Purchases 4,807 Shares of Stock

Ecovyst Inc. (NYSE:ECVT) insider Joseph S. Koscinski purchased 4,807 shares of Ecovyst stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $6.26 per share, with a total value of $30,091.82. Following the completion of the purchase, the insider now owns 544,609 shares in the company, valued at approximately $3,409,252.34. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Ecovyst Trading Down 1.4 %

Shares of ECVT stock traded down $0.09 during trading hours on Tuesday, reaching $6.22. 2,373,760 shares of the stock traded hands, compared to its average volume of 808,552. Ecovyst Inc. has a 1-year low of $6.02 and a 1-year high of $11.35. The business has a fifty day moving average price of $9.07 and a 200 day moving average price of $9.51. The company has a quick ratio of 2.01, a current ratio of 2.50 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $727.77 million, a PE ratio of 10.02, a PEG ratio of 0.47 and a beta of 1.05.

Ecovyst (NYSE:ECVT) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Ecovyst had a net margin of 8.14% and a return on equity of 7.93%. The firm had revenue of $182.80 million for the quarter, compared to analyst estimates of $189.79 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The firm’s revenue was down .7% compared to the same quarter last year. On average, equities research analysts forecast that Ecovyst Inc. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on ECVT. BWS Financial dropped their target price on shares of Ecovyst from $18.00 to $12.00 and set a “buy” rating on the stock in a report on Monday. Citigroup dropped their target price on shares of Ecovyst from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Finally, KeyCorp dropped their target price on shares of Ecovyst from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ECVT. SG Americas Securities LLC acquired a new position in Ecovyst in the 4th quarter valued at approximately $150,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Ecovyst by 103.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,523 shares of the company’s stock valued at $406,000 after buying an additional 21,086 shares during the period. Wedge Capital Management L L P NC increased its stake in Ecovyst by 38.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 585,175 shares of the company’s stock valued at $5,717,000 after buying an additional 161,318 shares during the period. Bailard Inc. acquired a new position in Ecovyst in the 4th quarter valued at approximately $184,000. Finally, Dimensional Fund Advisors LP grew its position in Ecovyst by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,824,212 shares of the company’s stock worth $56,904,000 after acquiring an additional 266,615 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Company Profile

Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.