Wedge Capital Management L L P NC Has $3.76 Million Stock Holdings in Ecovyst Inc. (NYSE:ECVT)

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 worth $5,811,000 after purchasing an additional 191,839 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Ecovyst by 27.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 459,343 shares of the company’s stock worth $4,120,000 after buying an additional 98,719 shares during the period. Westwood Holdings Group Inc. grew its position in shares of Ecovyst by 3.7% in the 1st quarter. Westwood Holdings Group Inc. now owns 5,026,022 shares of the company’s stock valued at $56,040,000 after buying an additional 178,001 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of Ecovyst by 20.4% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,729,796 shares of the company’s stock valued at $15,516,000 after buying an additional 292,637 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of Ecovyst during the second quarter worth about $1,322,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Ecovyst Stock Performance

NYSE:ECVT opened at $6.44 on Wednesday. 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 twelve month low of $6.02 and a twelve month high of $11.35. The company has a fifty day moving average of $6.71 and a 200-day moving average of $8.48. The firm has a market capitalization 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.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.01). The company had revenue of $182.80 million for the quarter, compared to analyst estimates of $189.79 million. Ecovyst had a net margin of 8.14% and a return on equity of 7.88%. Ecovyst’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 EPS. As a group, sell-side analysts anticipate that Ecovyst Inc. will post 0.46 EPS for the current year.

Insiders Place Their Bets

In other news, insider Joseph S. Koscinski acquired 4,807 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $6.26 per share, for a total transaction of $30,091.82. Following the completion of the acquisition, the insider now directly owns 544,609 shares in the company, valued at $3,409,252.34. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In other Ecovyst news, insider Paul Whittleston purchased 7,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average price of $6.50 per share, with a total value of $50,700.00. Following the transaction, the insider now owns 57,542 shares in the company, valued at $374,023. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph S. Koscinski purchased 4,807 shares of the business’s stock in a transaction on Monday, August 5th. The shares were bought at an average price of $6.26 per share, with a total value of $30,091.82. Following the purchase, the insider now directly owns 544,609 shares in the company, valued at approximately $3,409,252.34. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. KeyCorp reduced their target price on Ecovyst from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Citigroup decreased their price objective 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, BWS Financial lowered their target price 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.

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.