Harbor Capital Advisors Inc. Boosts Stock Holdings in Ecovyst Inc. (NYSE:ECVT)

Harbor Capital Advisors Inc. grew its position in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 84.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,756,363 shares of the company's stock after purchasing an additional 805,128 shares during the period. Harbor Capital Advisors Inc. owned approximately 1.51% of Ecovyst worth $12,031,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Innealta Capital LLC bought a new position in shares of Ecovyst in the 2nd quarter valued at about $35,000. CWM LLC boosted its position in shares of 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 period. Quarry LP grew its stake in shares of Ecovyst by 61.2% during the second quarter. Quarry LP now owns 4,533 shares of the company's stock valued at $41,000 after buying an additional 1,721 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Ecovyst during the 2nd quarter worth approximately $95,000. Finally, Algert Global LLC purchased a new position in Ecovyst in the 2nd quarter worth about $106,000. 86.69% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Paul Whittleston acquired 7,800 shares of Ecovyst stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average price of $6.50 per share, for a total transaction of $50,700.00. Following the purchase, the insider now directly owns 57,542 shares in the company, valued at $374,023. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Joseph S. Koscinski acquired 4,807 shares of the business's stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $6.26 per share, for a total transaction of $30,091.82. Following the completion of the acquisition, the insider now directly owns 544,609 shares in the company, valued at $3,409,252.34. The trade was a 0.00 % increase in their position. The transaction 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 the company's stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of $6.50 per share, for a total transaction of $50,700.00. Following the transaction, the insider now owns 57,542 shares in the company, valued at $374,023. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.59% of the company's stock.

Analyst Upgrades and Downgrades

ECVT has been the topic of several research analyst reports. BMO Capital Markets dropped their price objective on Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a research note on Friday. Citigroup cut their price target on Ecovyst from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Friday, July 12th. BWS Financial reaffirmed a "buy" rating and issued a $12.00 price objective on shares of Ecovyst in a research note on Friday. Finally, KeyCorp cut their target price on shares of Ecovyst from $13.00 to $10.00 and set an "overweight" rating on the stock in a research report on Monday, August 5th.

Ecovyst Stock Up 14.4 %

Shares of NYSE:ECVT traded up $0.96 on Friday, reaching $7.62. The company had a trading volume of 3,431,087 shares, compared to its average volume of 998,348. The firm has a market capitalization of $887.47 million, a PE ratio of 16.57, a PEG ratio of 1.19 and a beta of 1.01. 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 52-week low of $6.02 and a 52-week high of $11.35. The firm's 50 day simple moving average is $6.65 and its 200-day simple moving average is $8.12.

Ecovyst (NYSE:ECVT - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $182.80 million for the quarter, compared to the consensus estimate of $189.79 million. Ecovyst had a net margin of 7.74% and a return on equity of 7.11%. Ecovyst's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 EPS. As a group, analysts expect that Ecovyst Inc. will post 0.46 earnings per share for the current fiscal 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.