Ecovyst Inc. (NYSE:ECVT) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its holdings in shares of Ecovyst Inc. (NYSE:ECVT) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,064,745 shares of the company’s stock after acquiring an additional 83,408 shares during the period. Northern Trust Corp’s holdings in Ecovyst were worth $8,135,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ECVT. Spire Wealth Management grew its holdings in Ecovyst by 72.9% during the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock worth $34,000 after acquiring an additional 1,896 shares during the period. Empowered Funds LLC grew its holdings in Ecovyst by 5.1% in the fourth quarter. Empowered Funds LLC now owns 320,079 shares of the company’s stock valued at $2,445,000 after purchasing an additional 15,473 shares during the last quarter. Rhumbline Advisers grew its holdings in Ecovyst by 34.2% in the fourth quarter. Rhumbline Advisers now owns 246,312 shares of the company’s stock valued at $1,882,000 after purchasing an additional 62,736 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Ecovyst by 31.7% in the fourth quarter. New York State Common Retirement Fund now owns 29,081 shares of the company’s stock valued at $222,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Ecovyst in the fourth quarter valued at $139,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Stock Up 0.6%

Shares of NYSE:ECVT opened at $7.58 on Monday. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. Ecovyst Inc. has a 52-week low of $5.24 and a 52-week high of $9.92. The stock’s fifty day simple moving average is $6.33 and its 200-day simple moving average is $7.27. The company has a market capitalization of $889.55 million, a P/E ratio of 16.47, a P/E/G ratio of 1.04 and a beta of 1.06.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.04. Ecovyst had a return on equity of 7.07% and a net margin of 7.74%. The business had revenue of $162.20 million for the quarter, compared to the consensus estimate of $168.43 million. During the same period in the prior year, the business earned $0.04 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts forecast that Ecovyst Inc. will post 0.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ECVT has been the topic of several research reports. BWS Financial reissued a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a report on Monday, May 5th. BMO Capital Markets lowered their target price on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd.

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.