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

Russell Investments Group Ltd. decreased its holdings in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 49.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 764,590 shares of the company's stock after selling 752,135 shares during the period. Russell Investments Group Ltd. owned approximately 0.66% of Ecovyst worth $7,470,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ECVT. Vanguard Group Inc. boosted its stake in shares of Ecovyst by 11.7% during the 3rd quarter. Vanguard Group Inc. now owns 10,795,380 shares of the company's stock worth $106,227,000 after acquiring an additional 1,128,473 shares in the last quarter. Swiss National Bank lifted its position in shares of Ecovyst by 1.0% during the 3rd quarter. Swiss National Bank now owns 229,900 shares of the company's stock valued at $2,262,000 after buying an additional 2,300 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in Ecovyst in the 3rd quarter valued at $499,000. Cove Street Capital LLC raised its position in Ecovyst by 6.6% during the third quarter. Cove Street Capital LLC now owns 1,971,344 shares of the company's stock worth $19,280,000 after acquiring an additional 122,409 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Ecovyst by 19.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,410,689 shares of the company's stock worth $13,881,000 after acquiring an additional 231,294 shares during the period. Institutional investors and hedge funds own 86.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ECVT. Citigroup boosted their target price 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 set a $18.00 target price on shares of Ecovyst in a report on Friday, May 3rd.

Insider Buying and Selling at Ecovyst

In other Ecovyst news, Director Susan F. Ward sold 24,436 shares of the company's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $10.28, for a total transaction of $251,202.08. Following the transaction, the director now directly owns 67,587 shares in the company, valued at $694,794.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.59% of the company's stock.

Ecovyst Price Performance

Shares of ECVT stock traded up $0.07 during trading hours on Wednesday, reaching $9.83. The company had a trading volume of 701,111 shares, compared to its average volume of 746,967. Ecovyst Inc. has a 12-month low of $8.26 and a 12-month high of $12.35. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 0.50 and a beta of 1.05. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.69 and a current ratio of 2.07. The stock has a fifty day moving average of $9.95 and a 200-day moving average of $9.63.

Ecovyst (NYSE:ECVT - Get Free Report) last posted its quarterly 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). Ecovyst had a return on equity of 10.94% and a net margin of 10.70%. The company had revenue of $172.80 million for the quarter, compared to analysts' expectations of $168.31 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The firm's revenue was down 5.5% on a year-over-year basis. On average, equities analysts anticipate that Ecovyst Inc. will post 0.81 earnings per share for the current year.

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.