Zurcher Kantonalbank Zurich Cantonalbank Has $406,000 Stock Holdings in Ecovyst Inc. (NYSE:ECVT)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Ecovyst Inc. (NYSE:ECVT) by 103.2% in the fourth quarter, HoldingsChannel reports. The fund 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.

Several other hedge funds also recently made changes to their positions in ECVT. Swiss National Bank boosted its holdings in Ecovyst by 1.0% during the third quarter. Swiss National Bank now owns 229,900 shares of the company’s stock worth $2,262,000 after purchasing an additional 2,300 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Ecovyst by 27.6% during the 3rd quarter. Principal Financial Group Inc. now owns 13,217 shares of the company’s stock worth $130,000 after buying an additional 2,856 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Ecovyst by 15.1% in the 3rd quarter. Deutsche Bank AG now owns 43,778 shares of the company’s stock valued at $431,000 after acquiring an additional 5,729 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Ecovyst by 17.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,014 shares of the company’s stock valued at $413,000 after acquiring an additional 6,131 shares during the last quarter. Finally, Steamboat Capital Partners LLC raised its holdings in Ecovyst by 1.9% during the third quarter. Steamboat Capital Partners LLC now owns 358,216 shares of the company’s stock worth $3,525,000 after acquiring an additional 6,648 shares in the last quarter. 86.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ecovyst news, Director Susan F. Ward sold 24,436 shares of the company’s 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 transaction, the director now directly owns 67,587 shares in the company, valued at $694,794.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ECVT. Citigroup raised their price target on Ecovyst from $11.50 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. BWS Financial restated a “buy” rating and set a $18.00 target price on shares of Ecovyst in a report on Friday.

Ecovyst Trading Down 2.0 %

Ecovyst stock opened at $9.80 on Friday. The stock has a 50-day simple moving average of $9.96 and a 200 day simple moving average of $9.62. The stock has a market capitalization of $1.15 billion, a P/E ratio of 16.06, a PEG ratio of 0.48 and a beta of 1.05. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.69 and a current ratio of 2.07. Ecovyst Inc. has a 52 week low of $8.26 and a 52 week high of $12.35.

Ecovyst (NYSE:ECVT) last issued its 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). 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 the consensus estimate of $168.31 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The business’s revenue was down 5.5% compared to the same quarter last year. Analysts expect that Ecovyst Inc. will post 0.81 earnings per share for the current 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.