Ecovyst Inc. (NYSE:ECVT) Position Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Ecovyst Inc. (NYSE:ECVT) by 103.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,523 shares of the company’s stock after acquiring an additional 21,086 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ecovyst were worth $406,000 as of its most recent SEC filing.

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

Ecovyst Stock Performance

Shares of NYSE ECVT opened at $9.80 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.07 and a quick ratio of 1.69. Ecovyst Inc. has a one year low of $8.26 and a one year high of $12.35. The business’s 50-day moving average price is $9.96 and its two-hundred day moving average price is $9.62. The company has a market capitalization of $1.15 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 0.48 and a beta of 1.05.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $172.80 million during the quarter, compared to the consensus estimate of $168.31 million. Ecovyst had a net margin of 10.30% and a return on equity of 11.08%. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. Analysts anticipate that Ecovyst Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Transactions at Ecovyst

In related news, Director Susan F. Ward sold 24,436 shares of Ecovyst stock in a transaction on Friday, March 22nd. The shares were 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 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 SEC, which can be accessed through the SEC website. 1.59% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ECVT shares. Citigroup lifted their price target on Ecovyst from $11.50 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. BWS Financial reissued a “buy” rating and issued a $18.00 price target on shares of Ecovyst in a report on Friday.

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.