Ecovyst Inc. (NYSE:ECVT) Stock Holdings Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of Ecovyst Inc. (NYSE:ECVT) by 22.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,540,259 shares of the company’s stock after selling 752,905 shares during the period. Victory Capital Management Inc. owned about 2.19% of Ecovyst worth $24,818,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in shares of Ecovyst in the 3rd quarter valued at approximately $88,000. Principal Financial Group Inc. increased its stake in shares of Ecovyst by 27.6% during the 3rd quarter. Principal Financial Group Inc. now owns 13,217 shares of the company’s stock worth $130,000 after purchasing an additional 2,856 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Ecovyst during the 3rd quarter worth $147,000. SG Americas Securities LLC bought a new position in shares of Ecovyst during the 4th quarter valued at $150,000. Finally, AXQ Capital LP acquired a new stake in shares of Ecovyst in the 3rd quarter valued at $159,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ECVT. BWS Financial reissued a “buy” rating and set a $18.00 target price on shares of Ecovyst in a research report on Friday, May 3rd. Citigroup increased their price objective on Ecovyst from $11.50 to $13.00 and gave the company a “buy” rating in a report on Wednesday, April 10th.

Ecovyst Stock Performance

NYSE:ECVT opened at $9.83 on Thursday. The firm has a market capitalization of $1.15 billion, a PE ratio of 15.57, a PEG ratio of 0.50 and a beta of 1.05. Ecovyst Inc. has a 1 year low of $8.26 and a 1 year high of $12.35. The company has a current ratio of 2.07, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22. The firm’s fifty day simple moving average is $9.95 and its 200 day simple moving average is $9.63.

Ecovyst (NYSE:ECVT) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The firm had revenue of $172.80 million for the quarter, compared to the consensus estimate of $168.31 million. Ecovyst had a net margin of 10.70% and a return on equity of 10.94%. The firm’s revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share. On average, sell-side analysts anticipate that Ecovyst Inc. will post 0.81 EPS for the current year.

Insider Buying and Selling at Ecovyst

In other news, Director Susan F. Ward sold 24,436 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $10.28, for a total value of $251,202.08. Following the completion of the sale, the director now directly owns 67,587 shares of the company’s stock, valued at $694,794.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.59% 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.