Russell Investments Group Ltd. Trims Stock Position in Ecovyst Inc. (NYSE:ECVT)

Russell Investments Group Ltd. decreased its holdings in Ecovyst Inc. (NYSE:ECVT) by 49.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 764,590 shares of the company’s stock after selling 752,135 shares during the quarter. Russell Investments Group Ltd.’s holdings in Ecovyst were worth $7,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in ECVT. Bailard Inc. purchased a new position in Ecovyst during the fourth quarter valued at $184,000. Wedge Capital Management L L P NC lifted its position in shares of Ecovyst by 38.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 585,175 shares of the company’s stock valued at $5,717,000 after buying an additional 161,318 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Ecovyst by 103.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,523 shares of the company’s stock valued at $406,000 after acquiring an additional 21,086 shares during the period. SG Americas Securities LLC purchased a new stake in Ecovyst in the 4th quarter worth approximately $150,000. Finally, Public Employees Retirement System of Ohio raised its stake in Ecovyst by 12.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 287,633 shares of the company’s stock worth $2,830,000 after acquiring an additional 31,640 shares during the period. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Trading Up 2.6 %

Ecovyst stock opened at $9.75 on Wednesday. Ecovyst Inc. has a 1 year low of $8.26 and a 1 year high of $12.35. The firm’s 50 day moving average price is $9.95 and its 200-day moving average price is $9.62. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.07 and a quick ratio of 1.69. The stock has a market cap of $1.14 billion, a P/E ratio of 15.32, a PEG ratio of 0.50 and a beta of 1.05.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Ecovyst had a net margin of 10.70% and a return on equity of 10.94%. The company had revenue of $172.80 million during 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% on a year-over-year basis. On average, equities analysts predict that Ecovyst Inc. will post 0.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on ECVT. Citigroup upped their price target on shares of Ecovyst from $11.50 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. BWS Financial reiterated a “buy” rating and issued a $18.00 price target on shares of Ecovyst in a research note on Friday, May 3rd.

Insider Buying and Selling at Ecovyst

In other Ecovyst 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 transaction, the director now directly owns 67,587 shares of the company’s stock, valued at approximately $694,794.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.59% of the stock is currently owned by company insiders.

Ecovyst 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.