Susan F. Ward Sells 24,436 Shares of Ecovyst Inc. (NYSE:ECVT) Stock

Ecovyst Inc. (NYSE:ECVT) Director Susan F. Ward sold 24,436 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $10.28, for a total transaction of $251,202.08. Following the completion of the sale, the director now owns 67,587 shares in the company, valued at $694,794.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ecovyst Stock Performance

ECVT opened at $11.05 on Thursday. The stock’s 50 day simple moving average is $9.50 and its 200-day simple moving average is $9.55. 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 stock has a market cap of $1.29 billion, a PE ratio of 18.11, a P/E/G ratio of 0.55 and a beta of 1.00. Ecovyst Inc. has a 1 year low of $8.26 and a 1 year high of $12.35.

Ecovyst (NYSE:ECVT) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Ecovyst had a return on equity of 11.08% and a net margin of 10.30%. The business had revenue of $172.80 million for the quarter, compared to analyst estimates of $168.31 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. Sell-side analysts forecast that Ecovyst Inc. will post 0.81 EPS for the current year.

Institutional Trading of Ecovyst

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Ecovyst by 11.7% in the 3rd quarter. Vanguard Group Inc. now owns 10,795,380 shares of the company’s stock valued at $106,227,000 after purchasing an additional 1,128,473 shares during the period. BlackRock Inc. boosted its position in Ecovyst by 7.8% in the first quarter. BlackRock Inc. now owns 7,380,026 shares of the company’s stock valued at $81,549,000 after buying an additional 531,919 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in Ecovyst by 1.0% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 6,661,635 shares of the company’s stock worth $65,084,000 after buying an additional 66,310 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Ecovyst by 4.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,824,212 shares of the company’s stock worth $56,904,000 after buying an additional 266,615 shares during the last quarter. Finally, Shapiro Capital Management LLC increased its holdings in shares of Ecovyst by 6.1% during the first quarter. Shapiro Capital Management LLC now owns 5,799,456 shares of the company’s stock worth $67,042,000 after buying an additional 335,297 shares in the last quarter. Institutional investors own 86.69% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup reduced their target price on shares of Ecovyst from $12.00 to $11.50 and set a “buy” rating for the company in a research note on Monday, March 4th.

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.