Ecovyst Inc. $ECVT Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its holdings in Ecovyst Inc. (NYSE:ECVT) by 47.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 117,400 shares of the company’s stock after selling 107,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.11% of Ecovyst worth $1,154,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in Ecovyst by 701.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,622 shares of the company’s stock valued at $36,000 after buying an additional 3,170 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Ecovyst during the 2nd quarter worth approximately $65,000. State of Wyoming purchased a new position in Ecovyst during the 1st quarter valued at about $80,000. Summit Securities Group LLC purchased a new position in Ecovyst during the first quarter valued at approximately $154,000. Finally, Inceptionr LLC acquired a new position in shares of Ecovyst in the first quarter worth $231,000. Institutional investors own 86.69% of the company’s stock.

Wall Street Analyst Weigh In

ECVT has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ecovyst in a research note on Thursday, August 27th. Wall Street Zen cut Ecovyst from a “buy” rating to a “hold” rating in a research report on Sunday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Ecovyst in a research report on Tuesday, September 1st. Finally, BWS Financial reiterated a “buy” rating and set a $16.00 target price on shares of Ecovyst in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ecovyst has a consensus rating of “Moderate Buy” and a consensus price target of $14.62.

Insider Activity at Ecovyst

In other Ecovyst news, Director Patti Humble purchased 24,875 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average cost of $10.05 per share, with a total value of $249,993.75. Following the completion of the purchase, the director directly owned 33,974 shares in the company, valued at approximately $341,438.70. This represents a 273.38% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.84% of the stock is currently owned by corporate insiders.

Ecovyst Price Performance

Shares of NYSE ECVT opened at $9.99 on Thursday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -18.85, a PEG ratio of 0.45 and a beta of 1.08. Ecovyst Inc. has a 1-year low of $7.84 and a 1-year high of $15.09. The business has a 50-day moving average of $10.15 and a 200-day moving average of $11.77. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.70 and a quick ratio of 1.44.

Ecovyst (NYSE:ECVT) last announced its earnings results on Wednesday, August 5th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The company had revenue of $249.96 million during the quarter, compared to the consensus estimate of $237.54 million. Ecovyst had a positive return on equity of 13.83% and a negative net margin of 7.05%. The company’s revenue was up 24.9% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share. On average, equities analysts anticipate that Ecovyst Inc. will post 0.60 EPS for the current fiscal year.

Ecovyst Company Profile

Ecovyst Inc (NYSE: ECVT) is a global provider of specialty catalysts and advanced materials used in industrial and environmental applications. The company develops, manufactures and supplies products that help customers improve process efficiency, increase yields and meet emissions and sustainability requirements.

Through its Catalysts Technologies business, Ecovyst provides catalysts and related services for petroleum refining, renewable fuels, petrochemicals and other chemical processes.