Insider Buying: Ecovyst (NYSE:ECVT) Director Acquires $249,993.75 in Stock

Ecovyst Inc. (NYSE:ECVT) Director Patti Humble purchased 24,875 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average price of $10.05 per share, for a total transaction of $249,993.75. Following the acquisition, the director owned 33,974 shares in the company, valued at approximately $341,438.70. This trade represents a 273.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Ecovyst Stock Performance

Shares of ECVT stock opened at $10.89 on Thursday. The stock has a fifty day moving average price of $11.06 and a 200 day moving average price of $12.31. The stock has a market cap of $1.19 billion, a PE ratio of -20.56, a P/E/G ratio of 0.47 and a beta of 1.07. Ecovyst Inc. has a 1 year low of $7.41 and a 1 year high of $15.09. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.44 and a current ratio of 1.70.

Ecovyst (NYSE:ECVT) last posted 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 for the quarter, compared to analyst estimates of $237.54 million. Ecovyst had a positive return on equity of 13.83% and a negative net margin of 7.05%.Ecovyst’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. Sell-side analysts forecast that Ecovyst Inc. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ECVT has been the topic of several research reports. Freedom Capital upgraded shares of Ecovyst to a “strong-buy” rating in a research report on Monday, June 29th. BWS Financial restated a “buy” rating and set a $16.00 price objective on shares of Ecovyst in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ecovyst in a research note on Thursday, August 27th. Citigroup started coverage on Ecovyst in a report on Wednesday, June 24th. They set an “overweight” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $14.00 price target on shares of Ecovyst in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Ecovyst presently has an average rating of “Moderate Buy” and a consensus price target of $14.62.

Hedge Funds Weigh In On Ecovyst

A number of institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in Ecovyst in the 2nd quarter valued at $65,000. OP Asset Management Ltd acquired a new stake in shares of Ecovyst during the first quarter worth $77,000. State of Wyoming acquired a new stake in shares of Ecovyst during the first quarter worth $80,000. Summit Securities Group LLC purchased a new stake in shares of Ecovyst in the first quarter valued at $154,000. Finally, Inceptionr LLC purchased a new stake in shares of Ecovyst in the first quarter valued at $231,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

About Ecovyst

Ecovyst Inc (NYSE: ECVT) is a global provider of specialty catalysts and related services used in refining, petrochemical, chemical, renewable-fuels and industrial applications. The company develops and manufactures zeolite-based catalysts, molecular sieves and other advanced materials that help customers improve chemical processes, product performance and emissions control.

Ecovyst also operates a specialty services business that provides sulfuric acid regeneration, spent-acid management, catalyst recovery and related environmental services.