Key Points
- Director Patti Humble purchased 24,875 Ecovyst shares at an average price of $10.05, investing nearly $250,000 and increasing her ownership by 273.38% to 33,974 shares.
- Ecovyst recently exceeded quarterly expectations, reporting $0.21 in EPS versus a $0.19 consensus estimate and $249.96 million in revenue, up 24.9% year over year.
- Analyst sentiment is mixed but leans positive, with a “Moderate Buy” consensus and an average price target of $14.62 versus the stock’s $9.99 opening price; institutional investors own 86.69% of shares.
Ecovyst Inc. (NYSE:ECVT - Get Free Report) Director Patti Humble acquired 24,875 shares of the company's stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of $10.05 per share, with a total value of $249,993.75. Following the completion of the acquisition, the director owned 33,974 shares in the company, valued at approximately $341,438.70. The trade was a 273.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Ecovyst Trading Up 0.8%
Shares of ECVT opened at $9.99 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1.09 billion, a P/E ratio of -18.86, a price-to-earnings-growth ratio of 0.44 and a beta of 1.07. The stock's fifty day simple moving average is $11.11 and its 200 day simple moving average is $12.32. Ecovyst Inc. has a twelve month low of $7.41 and a twelve month high of $15.09.
Ecovyst (NYSE:ECVT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. Ecovyst had a positive return on equity of 13.83% and a negative net margin of 7.05%.The firm had revenue of $249.96 million during the quarter, compared to the consensus estimate of $237.54 million. During the same quarter in the previous year, the business earned $0.12 earnings per share. The firm's quarterly revenue was up 24.9% compared to the same quarter last year. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. On average, equities research analysts forecast that Ecovyst Inc. will post 0.6 earnings per share for the current year.
Institutional Trading of Ecovyst
Several large investors have recently bought and sold shares of ECVT. BlackRock Inc. purchased a new stake in shares of Ecovyst during the second quarter valued at approximately $132,792,000. Dimensional Fund Advisors LP boosted its stake in shares of Ecovyst by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 6,498,654 shares of the company's stock valued at $83,573,000 after purchasing an additional 111,376 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Ecovyst by 246.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,829,034 shares of the company's stock valued at $62,101,000 after purchasing an additional 3,435,942 shares during the period. First Wilshire Securities Management Inc. grew its holdings in Ecovyst by 1.0% during the 1st quarter. First Wilshire Securities Management Inc. now owns 2,196,784 shares of the company's stock valued at $28,251,000 after purchasing an additional 21,850 shares in the last quarter. Finally, Medina Value Partners LLC grew its holdings in Ecovyst by 1.5% during the 4th quarter. Medina Value Partners LLC now owns 2,192,017 shares of the company's stock valued at $21,328,000 after purchasing an additional 31,877 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on ECVT shares. Citigroup assumed coverage on shares of Ecovyst in a research report on Wednesday, June 24th. They set an "overweight" rating for the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Ecovyst in a research report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $14.00 price objective on shares of Ecovyst in a research note on Tuesday, September 1st. Wall Street Zen raised shares of Ecovyst from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, Freedom Capital raised shares of Ecovyst to a "strong-buy" rating in a research note on Monday, June 29th. One 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 given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $14.62.
Read Our Latest Analysis on Ecovyst
Ecovyst Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
