Rhumbline Advisers Acquires 33,405 Shares of Ecovyst Inc. (NYSE:ECVT)

Rhumbline Advisers boosted its holdings in Ecovyst Inc. (NYSE:ECVT) by 22.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 182,408 shares of the company’s stock after buying an additional 33,405 shares during the period. Rhumbline Advisers owned approximately 0.16% of Ecovyst worth $1,636,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ECVT. Hotchkis & Wiley Capital Management LLC increased its position 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 acquiring an additional 66,310 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Ecovyst by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,824,212 shares of the company’s stock valued at $56,904,000 after buying an additional 266,615 shares during the period. Allspring Global Investments Holdings LLC grew its position in Ecovyst by 0.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,113,232 shares of the company’s stock worth $57,013,000 after buying an additional 15,190 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in Ecovyst by 3.7% during the first quarter. Westwood Holdings Group Inc. now owns 5,026,022 shares of the company’s stock valued at $56,040,000 after acquiring an additional 178,001 shares during the period. Finally, William Blair Investment Management LLC raised its holdings 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 valued at $40,702,000 after acquiring an additional 334,004 shares in the last quarter. 86.69% of the stock is owned by institutional investors.

Insider Activity at Ecovyst

In other news, insider Joseph S. Koscinski acquired 4,807 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $6.26 per share, with a total value of $30,091.82. Following the completion of the purchase, the insider now owns 544,609 shares of the company’s stock, valued at $3,409,252.34. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Ecovyst news, insider Joseph S. Koscinski purchased 4,807 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 544,609 shares in the company, valued at $3,409,252.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Whittleston purchased 7,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired 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 directly owns 57,542 shares in the company, valued at $374,023. The disclosure for this purchase can be found here. 1.59% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Ecovyst Price Performance

Ecovyst stock opened at $6.50 on Friday. The business has a 50 day simple moving average of $7.52 and a 200 day simple moving average of $8.88. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.72 and a quick ratio of 2.18. The company has a market capitalization of $757.06 million, a PE ratio of 10.32, a price-to-earnings-growth ratio of 1.17 and a beta of 1.02. Ecovyst Inc. has a one year low of $6.02 and a one year high of $11.35.

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

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.