12,231 Shares in Ecovyst Inc. $ECVT Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in Ecovyst Inc. (NYSE:ECVT) during the 2nd quarter, Holdings Channel.com reports. The firm bought 12,231 shares of the company’s stock, valued at approximately $101,000.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of Ecovyst by 39.6% during the first quarter. American Century Companies Inc. now owns 379,907 shares of the company’s stock worth $2,355,000 after buying an additional 107,761 shares during the period. EP Wealth Advisors LLC boosted its position in Ecovyst by 29.5% during the first quarter. EP Wealth Advisors LLC now owns 39,599 shares of the company’s stock valued at $246,000 after acquiring an additional 9,032 shares during the last quarter. Nuveen LLC acquired a new stake in Ecovyst during the 1st quarter worth about $5,448,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Ecovyst in the 2nd quarter worth about $465,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Ecovyst in the 1st quarter worth about $524,000. Institutional investors own 86.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ECVT. Deutsche Bank Aktiengesellschaft cut their target price on Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday. KeyCorp cut their price target on Ecovyst from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. BMO Capital Markets lifted their price objective on shares of Ecovyst from $10.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Wall Street Zen lowered shares of Ecovyst from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Ecovyst has a consensus rating of “Moderate Buy” and an average target price of $11.40.

Ecovyst Stock Performance

NYSE ECVT opened at $9.20 on Friday. The company has a market cap of $1.05 billion, a P/E ratio of -9.89, a PEG ratio of 5.79 and a beta of 1.25. The company has a fifty day simple moving average of $8.48 and a 200 day simple moving average of $8.46. The company has a current ratio of 2.25, a quick ratio of 2.07 and a debt-to-equity ratio of 1.39. Ecovyst Inc. has a 12-month low of $5.24 and a 12-month high of $9.69.

Ecovyst (NYSE:ECVT) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). The business had revenue of $204.91 million for the quarter, compared to analyst estimates of $204.74 million. Ecovyst had a positive return on equity of 8.93% and a negative net margin of 14.34%. Ecovyst has set its FY 2025 guidance at EPS. Sell-side analysts predict 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.