Russell Investments Group Ltd. Has $7.47 Million Stock Position in Ecovyst Inc. (NYSE:ECVT)

Russell Investments Group Ltd. lessened its holdings in Ecovyst Inc. (NYSE:ECVT) by 49.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 764,590 shares of the company’s stock after selling 752,135 shares during the quarter. Russell Investments Group Ltd. owned 0.66% of Ecovyst worth $7,470,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in Ecovyst in the third quarter valued at about $88,000. Principal Financial Group Inc. grew its holdings in shares of Ecovyst by 27.6% during the 3rd quarter. Principal Financial Group Inc. now owns 13,217 shares of the company’s stock valued at $130,000 after purchasing an additional 2,856 shares during the last quarter. Aigen Investment Management LP acquired a new position in Ecovyst during the 3rd quarter worth approximately $147,000. SG Americas Securities LLC bought a new position in Ecovyst in the 4th quarter valued at approximately $150,000. Finally, AXQ Capital LP acquired a new stake in Ecovyst in the third quarter valued at approximately $159,000. Institutional investors own 86.69% of the company’s stock.

Analysts Set New Price Targets

ECVT has been the subject of several research analyst reports. BWS Financial reiterated a “buy” rating and set a $18.00 price target on shares of Ecovyst in a report on Friday, May 3rd. Citigroup upped their target price on Ecovyst from $11.50 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th.

Ecovyst Price Performance

ECVT stock opened at $9.75 on Wednesday. The company has a market capitalization of $1.14 billion, a P/E ratio of 15.32, a PEG ratio of 0.50 and a beta of 1.05. The company has a fifty day moving average price of $9.95 and a 200-day moving average price of $9.62. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.69 and a current ratio of 2.07. Ecovyst Inc. has a 52-week low of $8.26 and a 52-week high of $12.35.

Ecovyst (NYSE:ECVT) last announced its earnings results on Wednesday, February 28th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $172.80 million for the quarter, compared to analyst estimates of $168.31 million. Ecovyst had a return on equity of 10.94% and a net margin of 10.70%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. As a group, equities analysts expect that Ecovyst Inc. will post 0.81 EPS for the current year.

Insider Activity at Ecovyst

In other news, Director Susan F. Ward sold 24,436 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $10.28, for a total value of $251,202.08. Following the transaction, 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 can be accessed through the SEC website. 1.59% of the stock is currently owned by company insiders.

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.