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

Ecovyst Inc. (NYSE:ECVTGet Free Report) 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:ECVTGet Free Report) 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.

View Our Latest Analysis on ECVT

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

(Get Free Report)

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.

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