Ecovyst Inc. (NYSE:ECVT) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,210,855 shares of the company's stock after buying an additional 234,824 shares during the period. Dimensional Fund Advisors LP owned 5.31% of Ecovyst worth $55,711,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in Ecovyst in the 2nd quarter worth approximately $35,000. CWM LLC boosted its stake in Ecovyst by 6,920.7% during the second 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. SG Americas Securities LLC purchased a new position in Ecovyst during the 2nd quarter valued at approximately $95,000. Paloma Partners Management Co bought a new stake in Ecovyst in the first quarter worth $114,000. Finally, ProShare Advisors LLC raised its stake in Ecovyst by 8.5% during the first quarter. ProShare Advisors LLC now owns 16,635 shares of the company's stock valued at $185,000 after purchasing an additional 1,308 shares in the last quarter. Hedge funds and other institutional investors own 86.69% of the company's stock.

Insider Activity

In other news, insider Joseph S. Koscinski acquired 4,807 shares of the company's stock in a transaction that occurred 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 completion of the purchase, the insider now directly owns 544,609 shares in the company, valued at $3,409,252.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Paul Whittleston acquired 7,800 shares of the business's stock in a transaction dated Wednesday, August 7th. The shares were 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 of the company's stock, valued at $374,023. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Joseph S. Koscinski acquired 4,807 shares of Ecovyst stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $6.26 per share, with a total value of $30,091.82. Following the completion of the purchase, the insider now owns 544,609 shares of the company's stock, valued at $3,409,252.34. The disclosure for this purchase can be found here. Insiders own 1.59% of the company's stock.

Ecovyst Trading Down 0.4 %

Shares of ECVT stock traded down $0.03 during trading hours on Friday, reaching $6.93. 800,411 shares of the stock were exchanged, compared to its average volume of 841,961. The company has a current ratio of 2.72, a quick ratio of 2.18 and a debt-to-equity ratio of 1.19. Ecovyst Inc. has a 12-month low of $6.02 and a 12-month high of $11.35. The firm has a market capitalization of $810.84 million, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 1.18 and a beta of 1.02. The company's 50-day moving average price is $7.19 and its 200-day moving average price is $8.78.

Ecovyst (NYSE:ECVT - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $0.12 EPS 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 business 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 posted $0.26 EPS. The company's quarterly revenue was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that Ecovyst Inc. will post 0.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ECVT. BWS Financial reduced their target price on shares of Ecovyst from $18.00 to $12.00 and set a "buy" rating on the stock in a report on Monday, August 5th. Citigroup decreased their price objective on Ecovyst from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Friday, July 12th. Finally, KeyCorp lowered their price objective on Ecovyst from $13.00 to $10.00 and set an "overweight" rating for the company in a research note on Monday, August 5th.

Ecovyst Company 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.