Dimensional Fund Advisors LP Has $55.71 Million Holdings in Ecovyst Inc. (NYSE:ECVT)

Dimensional Fund Advisors LP increased its holdings in Ecovyst Inc. (NYSE:ECVT) by 3.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,210,855 shares of the company’s stock after acquiring an additional 234,824 shares during the period. Dimensional Fund Advisors LP owned about 5.31% of Ecovyst worth $55,711,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in shares of Ecovyst in the 2nd quarter worth about $35,000. CWM LLC increased its stake in Ecovyst by 6,920.7% in the 2nd quarter. CWM LLC now owns 4,072 shares of the company’s stock valued at $37,000 after buying an additional 4,014 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Ecovyst in the 1st quarter valued at about $114,000. SG Americas Securities LLC purchased a new stake in Ecovyst in the 2nd quarter valued at about $95,000. Finally, ProShare Advisors LLC increased its stake in Ecovyst by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 16,635 shares of the company’s stock valued at $185,000 after buying an additional 1,308 shares during the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on ECVT shares. Citigroup decreased their price objective on shares of Ecovyst from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, July 12th. BWS Financial decreased their price objective on shares of Ecovyst from $18.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Finally, KeyCorp decreased their price objective on shares of Ecovyst from $13.00 to $10.00 and set an “overweight” rating for the company in a research note on Monday, August 5th.

Insider Activity

In other Ecovyst news, insider Paul Whittleston acquired 7,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average cost of $6.50 per share, with a total value of $50,700.00. Following the acquisition, the insider now owns 57,542 shares in the company, valued at $374,023. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ecovyst news, insider Joseph S. Koscinski acquired 4,807 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $6.26 per share, with a total value of $30,091.82. Following the acquisition, the insider now owns 544,609 shares in the company, valued at $3,409,252.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Whittleston acquired 7,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average cost of $6.50 per share, with a total value of $50,700.00. Following the completion of the acquisition, the insider now owns 57,542 shares in the company, valued at approximately $374,023. The disclosure for this purchase can be found here. Insiders own 1.59% of the company’s stock.

Ecovyst Stock Down 0.4 %

Ecovyst stock opened at $6.93 on Friday. Ecovyst Inc. has a twelve month low of $6.02 and a twelve month high of $11.35. The firm has a 50 day moving average price of $7.19 and a 200-day moving average price of $8.78. The company has a market capitalization of $807.14 million, a P/E ratio of 11.00, a P/E/G ratio of 1.18 and a beta of 1.02. The company has a quick ratio of 2.18, a current ratio of 2.72 and a debt-to-equity ratio of 1.19.

Ecovyst (NYSE:ECVT) last released its earnings results on Thursday, August 1st. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Ecovyst had a net margin of 8.14% and a return on equity of 7.88%. The company had revenue of $182.80 million for the quarter, compared to the consensus estimate of $189.79 million. During the same period in the prior year, the company earned $0.26 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. As a group, equities analysts predict that Ecovyst Inc. will post 0.46 EPS for the current year.

Ecovyst Profile

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.