Truist Financial Corp lowered its stake in shares of Ecovyst Inc. (NYSE:ECVT – Free Report) by 17.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,370 shares of the company’s stock after selling 3,042 shares during the quarter. Truist Financial Corp’s holdings in Ecovyst were worth $140,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Ecovyst during the third quarter worth approximately $88,000. Principal Financial Group Inc. grew its position in Ecovyst by 27.6% during the third 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 in the last quarter. Aigen Investment Management LP acquired a new stake in shares of Ecovyst in the 3rd quarter valued at $147,000. SG Americas Securities LLC acquired a new stake in shares of Ecovyst in the 4th quarter valued at $150,000. Finally, AXQ Capital LP acquired a new stake in shares of Ecovyst in the 3rd quarter valued at $159,000. Institutional investors and hedge funds own 86.69% of the company’s stock.
Insider Buying and Selling
In related news, Director Susan F. Ward sold 24,436 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $10.28, for a total transaction of $251,202.08. Following the sale, the director now owns 67,587 shares in the company, valued at approximately $694,794.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.59% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities research analysts have weighed in on ECVT shares. Citigroup raised their target price on Ecovyst from $11.50 to $13.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. BWS Financial reaffirmed a “buy” rating and issued a $18.00 target price on shares of Ecovyst in a report on Friday, May 3rd.
View Our Latest Stock Analysis on ECVT
Ecovyst Trading Down 3.3 %
NYSE ECVT opened at $9.45 on Thursday. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 0.57 and a beta of 1.05. Ecovyst Inc. has a twelve month low of $8.26 and a twelve month high of $12.35. The company has a quick ratio of 2.01, a current ratio of 2.50 and a debt-to-equity ratio of 1.21. The business’s fifty day moving average is $10.06 and its 200 day moving average is $9.67.
Ecovyst (NYSE:ECVT – Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The firm had revenue of $172.80 million for the quarter, compared to the consensus estimate of $168.31 million. Ecovyst had a return on equity of 10.83% and a net margin of 10.70%. The company’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS. As a group, sell-side analysts expect that Ecovyst Inc. will post 0.74 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.
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Source: defenseworld.net
