The Vanguard Group, Inc. has recently announced that it has increased stake in Ecovyst Inc. (NYSE:ECVT) by 9.30%. After grabbing 9.13 million shares, the institutional investor is now in possession of 0.78 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 7.41% having worth around $103.62 million. Moreover, BlackRock Fund Advisors increased its share by 0.48 million to have a control over 6.26 million shares. And Shapiro Capital Management LLC raised its holdings to 0.47 million shares by acquiring 5.47 million shares or 4.44% of the stake.
Ecovyst Inc. (ECVT) concluded trading on 05/24/23 at a closing price of $10.63, with 6.5 million shares of worth about $69.12 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.92% during that period and on Wednesday the price saw a loss of about -5.93%. Currently the company’s common shares owned by public are about 122.18M shares, out of which, 91.91M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 98 times over the past 12 months. They bought 738,341 shares in 36 of the transactions. In 62 selling transactions, insiders dumped 93,193,595 shares.
Allspring Special Small Cap Value, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Ecovyst Inc. Allspring Special Small Cap Value is currently holding 4.16 million shares of worth totaling $47.18 million. The company recently came buying 0.22 million shares which brought its stake up to 3.37% of the company’s outstanding shares. Vanguard Small Cap Index Fund, after selling 2.37 million shares, have now control over 1.92% of the stake in the company. It holds 576.0 shares of worth $26.86 million.
Ecovyst Inc. (NYSE: ECVT) started trading at $10.41, below -$0.89 from concluding price of the previous day. However, the stock later moved at a day high price of 10.72, or with a loss of -5.93%. Stock saw a price change of -0.65% in past 5 days and over the past one month there was a price change of -3.54%. Year-to-date (YTD), ECVT shares are showing a performance of 19.98% which increased to 4.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.20 but also hit the highest price of $11.75 during that period. The average intraday trading volume for Ecovyst Inc. shares is 963.10K. The stock is currently trading -2.46% below its 20-day simple moving average (SMA20), while that difference is down -2.30% for SMA50 and it goes to 7.39% higher than SMA200.
The Vanguard Group, Inc. acquired 9.13 million shares of Ecovyst Inc. having value of about $103.62 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.78 million shares in the company valued at close to $8254598.94, or have control over 9.30% stake in the company. Ecovyst Inc. (NYSE: ECVT) currently have 122.18M outstanding shares and institutions hold larger chunk of about 76.20% of that. Holding of mutual funds in the company is about 32.39% while other institutional holders and individual stake holders have control over 40.12% and 29.63% of the stake respectively.
The stock has a current market capitalization of $1.25B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 23.47, while it has posted earnings per share of $0.45 in the same period. Its PEG reads 1.01 and has Quick Ratio of 1.60 while making debt-to-equity ratio of 1.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ECVT, volatility over the week remained 2.82% while standing at 3.12% over the month.
Analysts are in expectations that Ecovyst Inc. (ECVT) stock would likely to be making an EPS of $0.28 in the current quarter, while forecast for next quarter EPS is $0.33 and it is $1.15 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.24 which is $0.32 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.22 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 20.20% while it is estimated to increase by 14.17% in next year. EPS is likely to grow at an annualized rate of 23.25% for next 5-years, compared to annual growth of 22.60% made by the stock over the past 5-years.
Analysts at 6 brokerage firms have issued recommendations for the Ecovyst Inc. (ECVT)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.80. Out of those 6 Wall Street analysts, 4 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
