Swiss National Bank Has $2.02 Million Stock Holdings in Ecovyst Inc. (NYSE:ECVT)

Swiss National Bank decreased its stake in shares of Ecovyst Inc. (NYSE:ECVT) by 10.0% during the 4th quarter, Holdings Channel reports. The firm owned 206,900 shares of the company’s stock after selling 23,000 shares during the period. Swiss National Bank’s holdings in Ecovyst were worth $2,021,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ECVT. Citigroup increased their price objective on shares of Ecovyst from $11.50 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. BWS Financial reiterated a “buy” rating and set a $18.00 target price on shares of Ecovyst in a research report on Friday, May 3rd.

Ecovyst Stock Up 0.7 %

Shares of ECVT opened at $9.30 on Friday. The firm has a 50 day simple moving average of $10.06 and a two-hundred day simple moving average of $9.67. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.50 and a quick ratio of 2.01. Ecovyst Inc. has a one year low of $8.26 and a one year high of $12.35. The company has a market cap of $1.09 billion, a P/E ratio of 14.75, a P/E/G ratio of 0.55 and a beta of 1.05.

Ecovyst (NYSE:ECVT) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). The business had revenue of $160.50 million during the quarter, compared to analyst estimates of $171.56 million. Ecovyst had a net margin of 10.70% and a return on equity of 10.83%. Research analysts forecast that Ecovyst Inc. will post 0.74 EPS for the current fiscal year.

Insider Activity

In related news, Director Susan F. Ward sold 24,436 shares of the company’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 transaction of $251,202.08. Following the completion of the transaction, the director now directly owns 67,587 shares in the company, valued at approximately $694,794.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.59% of the stock is currently owned by corporate insiders.

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.