Wedge Capital Management L L P NC Buys 59,331 Shares of Ecovyst Inc. (NYSE:ECVT)

Wedge Capital Management L L P NC grew its stake in shares of Ecovyst Inc. (NYSE:ECVT) by 12.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 548,857 shares of the company’s stock after acquiring an additional 59,331 shares during the period. Wedge Capital Management L L P NC owned 0.47% of Ecovyst worth $3,760,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in ECVT. Allspring Global Investments Holdings LLC lifted its holdings in Ecovyst by 0.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,113,232 shares of the company’s stock worth $57,013,000 after purchasing an additional 15,190 shares during the last quarter. LSV Asset Management increased its position in Ecovyst by 2.4% during the 1st quarter. LSV Asset Management now owns 739,400 shares of the company’s stock worth $8,244,000 after buying an additional 17,100 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Ecovyst by 18.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 52,605 shares of the company’s stock worth $587,000 after buying an additional 8,032 shares in the last quarter. Steamboat Capital Partners LLC boosted its position in shares of Ecovyst by 1.7% in the first quarter. Steamboat Capital Partners LLC now owns 312,821 shares of the company’s stock valued at $3,488,000 after acquiring an additional 5,209 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Ecovyst by 58.3% in the first quarter. Sei Investments Co. now owns 521,176 shares of the company’s stock valued at $5,811,000 after acquiring an additional 191,839 shares in the last quarter. Institutional investors own 86.69% of the company’s stock.

Insider Transactions at Ecovyst

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

Ecovyst Price Performance

ECVT stock opened at $6.44 on Wednesday. The company’s 50-day moving average price is $6.71 and its two-hundred day moving average price is $8.48. The firm has a market cap of $753.51 million, a P/E ratio of 10.22, a P/E/G ratio of 1.17 and a beta of 1.01. The company has a quick ratio of 2.18, a current ratio of 2.72 and a debt-to-equity ratio of 1.19. Ecovyst Inc. has a 12 month low of $6.02 and a 12 month high of $11.35.

Ecovyst (NYSE:ECVT) last announced 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 firm had revenue of $182.80 million during the quarter, compared to the consensus estimate of $189.79 million. During the same period last year, the business earned $0.26 earnings per share. The business’s revenue was down .7% compared to the same quarter last year. On average, analysts anticipate that Ecovyst Inc. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.