Boston Partners Raises Position in Ecovyst Inc. $ECVT

Boston Partners raised its holdings in shares of Ecovyst Inc. (NYSE:ECVT) by 321.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,242,285 shares of the company’s stock after buying an additional 2,472,377 shares during the period. Boston Partners’ holdings in Ecovyst were worth $26,785,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Wilshire Securities Management Inc. lifted its stake in shares of Ecovyst by 12.6% in the 1st quarter. First Wilshire Securities Management Inc. now owns 2,219,462 shares of the company’s stock valued at $13,761,000 after acquiring an additional 247,794 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Ecovyst by 10.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,106,949 shares of the company’s stock valued at $13,063,000 after purchasing an additional 203,801 shares during the last quarter. Voss Capital LP lifted its position in Ecovyst by 130.7% in the first quarter. Voss Capital LP now owns 1,198,981 shares of the company’s stock valued at $7,434,000 after purchasing an additional 679,299 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Ecovyst during the first quarter valued at approximately $5,448,000. Finally, Brigade Capital Management LP grew its holdings in shares of Ecovyst by 28.7% in the first quarter. Brigade Capital Management LP now owns 667,255 shares of the company’s stock worth $4,137,000 after purchasing an additional 148,755 shares during the last quarter. 86.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ECVT. KeyCorp lowered their price target on shares of Ecovyst from $12.00 to $11.00 and set an “overweight” rating for the company in a report on Monday. BMO Capital Markets boosted their price objective on shares of Ecovyst from $10.00 to $14.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Wall Street Zen lowered shares of Ecovyst from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. BWS Financial reissued a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a research note on Monday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.50.

Ecovyst Stock Performance

Shares of ECVT opened at $8.70 on Thursday. The company has a quick ratio of 2.07, a current ratio of 2.25 and a debt-to-equity ratio of 1.39. The stock has a market cap of $991.40 million, a P/E ratio of -9.35, a P/E/G ratio of 3.74 and a beta of 1.25. The business’s 50 day moving average price is $8.61 and its 200-day moving average price is $8.29. Ecovyst Inc. has a 52 week low of $5.24 and a 52 week high of $9.69.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Ecovyst had a negative net margin of 14.34% and a positive return on equity of 8.93%. The company had revenue of $204.91 million for the quarter, compared to analysts’ expectations of $204.74 million. Ecovyst has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Ecovyst Inc. will post 0.44 earnings per share for the current fiscal 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.