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

Ecovyst Inc. (NYSE:ECVT) Director Susan F. Ward sold 24,436 shares of Ecovyst stock in a transaction 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 sale, the director now directly owns 67,587 shares of the company’s stock, valued at approximately $694,794.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ecovyst Trading Up 2.7 %

Shares of Ecovyst stock opened at $11.05 on Thursday. Ecovyst Inc. has a 12-month low of $8.26 and a 12-month high of $12.35. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 0.55 and a beta of 1.00. The company has a quick ratio of 1.69, a current ratio of 2.07 and a debt-to-equity ratio of 1.22. The firm’s 50-day moving average price is $9.50 and its two-hundred day moving average price is $9.55.

Ecovyst (NYSE:ECVT) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.22 EPS 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 period last year, the firm posted $0.23 EPS. Ecovyst’s quarterly revenue was down 5.5% on a year-over-year basis. On average, analysts forecast that Ecovyst Inc. will post 0.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ecovyst

A number of institutional investors have recently added to or reduced their stakes in ECVT. Clear Street Markets LLC acquired a new position in Ecovyst in the 4th quarter worth about $29,000. US Bancorp DE acquired a new position in shares of Ecovyst in the second quarter valued at approximately $38,000. Tower Research Capital LLC TRC raised its holdings in Ecovyst by 34.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,793 shares of the company’s stock valued at $47,000 after buying an additional 1,216 shares during the last quarter. State of Wyoming bought a new position in Ecovyst in the 4th quarter valued at approximately $52,000. Finally, Point72 Middle East FZE acquired a new stake in Ecovyst during the 4th quarter worth approximately $64,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Citigroup lowered their price target on shares of Ecovyst from $12.00 to $11.50 and set a “buy” rating on the stock in a research report 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.