The Manufacturers Life Insurance Company Has $535,000 Stock Holdings in Ecovyst Inc. (NYSE:ECVT)

The Manufacturers Life Insurance Company grew its position in Ecovyst Inc. (NYSE:ECVT) by 19.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,633 shares of the company’s stock after buying an additional 9,840 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.05% of Ecovyst worth $535,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Ecovyst by 3.9% during the second quarter. Dimensional Fund Advisors LP now owns 6,210,855 shares of the company’s stock worth $55,711,000 after purchasing an additional 234,824 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Ecovyst by 0.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,113,232 shares of the company’s stock valued at $57,013,000 after acquiring an additional 15,190 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Ecovyst by 3.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 5,026,022 shares of the company’s stock worth $56,040,000 after purchasing an additional 178,001 shares during the period. William Blair Investment Management LLC boosted its stake in Ecovyst by 10.1% in the 1st quarter. William Blair Investment Management LLC now owns 3,650,404 shares of the company’s stock worth $40,702,000 after purchasing an additional 334,004 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its holdings in Ecovyst by 20.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,729,796 shares of the company’s stock worth $15,516,000 after purchasing an additional 292,637 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Insider Activity at Ecovyst

In other news, insider Joseph S. Koscinski bought 4,807 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $6.26 per share, for a total transaction of $30,091.82. Following the purchase, the insider now owns 544,609 shares of the company’s stock, valued at approximately $3,409,252.34. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Ecovyst news, insider Paul Whittleston bought 7,800 shares of the stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of $6.50 per share, with a total value of $50,700.00. Following the completion of the acquisition, the insider now owns 57,542 shares of the company’s stock, valued at $374,023. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joseph S. Koscinski bought 4,807 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $6.26 per share, for a total transaction of $30,091.82. Following the completion of the acquisition, the insider now directly owns 544,609 shares of the company’s stock, valued at approximately $3,409,252.34. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.59% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ECVT. KeyCorp decreased their price objective on Ecovyst from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Citigroup lowered their price objective on shares of Ecovyst from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Finally, BWS Financial reduced their target price on shares of Ecovyst from $18.00 to $12.00 and set a “buy” rating for the company in a report on Monday, August 5th.

Ecovyst Stock Performance

Shares of NYSE ECVT opened at $6.44 on Wednesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.18 and a current ratio of 2.72. The stock has a 50 day moving average price of $6.71 and a 200 day moving average price of $8.48. The stock has a market capitalization of $753.51 million, a PE ratio of 10.22, a price-to-earnings-growth ratio of 1.17 and a beta of 1.01. Ecovyst Inc. has a 52 week low of $6.02 and a 52 week high of $11.35.

Ecovyst (NYSE:ECVT) last issued its earnings results on Thursday, August 1st. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The firm had revenue of $182.80 million for the quarter, compared to analyst estimates of $189.79 million. Ecovyst had a return on equity of 7.88% and a net margin of 8.14%. Ecovyst’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Analysts predict that Ecovyst Inc. will post 0.46 earnings per share for the current fiscal year.

About Ecovyst

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.