Westwood Holdings Group Inc. Sells 365,970 Shares of Ecovyst Inc. (NYSE:ECVT)

Westwood Holdings Group Inc. lessened its holdings in shares of Ecovyst Inc. (NYSE:ECVTFree Report) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,848,021 shares of the company’s stock after selling 365,970 shares during the period. Westwood Holdings Group Inc. owned 4.18% of Ecovyst worth $47,365,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Ecovyst by 11.7% in the 3rd quarter. Vanguard Group Inc. now owns 10,795,380 shares of the company’s stock worth $106,227,000 after purchasing an additional 1,128,473 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Ecovyst by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,824,212 shares of the company’s stock worth $56,904,000 after purchasing an additional 266,615 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Ecovyst by 19.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,410,689 shares of the company’s stock worth $13,881,000 after purchasing an additional 231,294 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in Ecovyst by 48.4% in the 4th quarter. Eagle Asset Management Inc. now owns 680,533 shares of the company’s stock worth $6,649,000 after purchasing an additional 221,979 shares in the last quarter. Finally, Ballast Asset Management LP bought a new position in Ecovyst in the 3rd quarter worth about $1,659,000. Institutional investors own 86.69% of the company’s stock.

Ecovyst Stock Performance

Ecovyst stock traded down $0.06 during midday trading on Friday, hitting $9.26. The stock had a trading volume of 504,489 shares, compared to its average volume of 570,571. The firm’s fifty day moving average is $9.84 and its two-hundred day moving average is $9.66. The company has a market capitalization of $1.08 billion, a PE ratio of 14.70, a P/E/G ratio of 0.55 and a beta of 1.05. Ecovyst Inc. has a 52-week low of $8.26 and a 52-week high of $12.35. The company has a current ratio of 2.50, a quick ratio of 2.01 and a debt-to-equity ratio of 1.21.

Ecovyst (NYSE:ECVTGet Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). The firm had revenue of $160.50 million during the quarter, compared to analysts’ expectations of $171.56 million. Ecovyst had a return on equity of 10.83% and a net margin of 10.70%. On average, research analysts forecast that Ecovyst Inc. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

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

View Our Latest Research Report on Ecovyst

Insiders Place Their Bets

In other Ecovyst news, Director Susan F. Ward sold 24,436 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $10.28, for a total value 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 Securities & Exchange Commission, which is available at the SEC website. 1.59% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Ecovyst (NYSE:ECVT)

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