2 weeks Ago By Defense World Staff
Renaissance Technologies LLC grew its stake in Ecovyst Inc. ( NYSE:ECVT – Free Report ) by 11.5% in the 2nd quarter, according to its most recent filing with the SEC.
The firm owned 339,400 shares of the company’s stock after buying an additional 35,000 shares during the quarter. Renaissance Technologies LLC owned 0.29% of Ecovyst worth $3,044,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Ecovyst by 3.9% in the 2nd quarter.
Dimensional Fund Advisors LP now owns 6,210,855 shares of the company’s stock valued at $55,711,000 after buying an additional 234,824 shares during the period. Thompson Siegel & Walmsley LLC boosted its stake in shares of Ecovyst by 20.4% in the 2nd 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. Federated Hermes Inc. boosted its stake in shares of Ecovyst by 25.
5% in the 2nd quarter. Federated Hermes Inc. now owns 117,614 shares of the company’s stock valued at $1,055,000 after buying an additional 23,889 shares during the period.
American Century Companies Inc. boosted its stake in shares of Ecovyst by 12.9% in the 2nd quarter.
American Century Companies Inc. now owns 184,125 shares of the company’s stock valued at $1,652,000 after buying an additional 21,032 shares during the period. Finally, Foundry Partners LLC purchased a new position in shares of Ecovyst in the 2nd quarter valued at about $4,401,000.
Hedge funds and other institutional investors own 86.69% of the company’s stock. Analyst Ratings Changes ECVT has been the subject of several recent analyst reports.
Citigroup decreased their target price on Ecovyst from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, July 12th.
KeyCorp dropped 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.
Finally, BWS Financial dropped their target price on Ecovyst from $18.00 to $12.00 and set a “buy” rating on the stock in a report on Monday, August 5th.
Insider Buying and Selling In other news, insider Paul Whittleston purchased 7,800 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was bought at an average cost of $6.50 per share, for a total transaction of $50,700.
00. Following the completion of the purchase, the insider now directly owns 57,542 shares of the company’s stock, valued at approximately $374,023. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website .
In other news, insider Joseph S. Koscinski bought 4,807 shares of Ecovyst 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 acquisition, the insider now directly owns 544,609 shares in the company, valued at approximately $3,409,252.
34. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider Paul Whittleston bought 7,800 shares of Ecovyst stock in a transaction on Wednesday, August 7th.
The shares were purchased at an average cost of $6.50 per share, for a total transaction of $50,700.00.
Following the acquisition, the insider now owns 57,542 shares in the company, valued at $374,023. The disclosure for this purchase can be found here . 1.
59% of the stock is currently owned by company insiders. Ecovyst Stock Down 1.0 % Ecovyst stock opened at $6.
86 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.
18 and a current ratio of 2.72. The firm has a market capitalization of $802.
65 million, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 1.18 and a beta of 1.
02. Ecovyst Inc. has a fifty-two week low of $6.
02 and a fifty-two week high of $11.35. The stock’s fifty day moving average is $7.
13 and its two-hundred day moving average is $8.76. Ecovyst ( NYSE:ECVT – Get Free Report ) last posted its earnings results 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 firm had revenue of $182.80 million during 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%. The firm’s revenue for the quarter was down .7% on a year-over-year basis.
During the same period last year, the company posted $0.26 EPS. Analysts predict that Ecovyst Inc.
will post 0.46 EPS for the current fiscal year. Ecovyst Company Profile ( Free Report ) 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. Further Reading Five stocks we like better than Ecovyst Should You Add These Warren Buffett Stocks to Your Portfolio? TJX Stock: A Buying Opportunity Before the Holiday Rush Insider Trades May Not Tell You What You Think Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge The Most Important Warren Buffett Stock for Investors: His Own Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Want to see what other hedge funds are holding ECVT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Ecovyst Inc. ( NYSE:ECVT – Free Report ). Receive News & Ratings for Ecovyst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecovyst and related companies with MarketBeat.
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