Ecovyst Inc. (NYSE:ECVT) Shares Acquired by Shapiro Capital Management LLC

Shapiro Capital Management LLC grew its stake in Ecovyst Inc. (NYSE:ECVT) by 21.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,830,268 shares of the company’s stock after purchasing an additional 868,397 shares during the period. Shapiro Capital Management LLC owned approximately 4.15% of Ecovyst worth $36,903,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ECVT. Proficio Capital Partners LLC acquired a new position in Ecovyst during the fourth quarter worth $139,000. Charles Schwab Investment Management Inc. grew its holdings in Ecovyst by 11.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company’s stock worth $14,540,000 after acquiring an additional 198,817 shares during the period. New York State Common Retirement Fund grew its holdings in Ecovyst by 31.7% during the fourth quarter. New York State Common Retirement Fund now owns 29,081 shares of the company’s stock worth $222,000 after acquiring an additional 7,000 shares during the period. Vanguard Group Inc. grew its holdings in Ecovyst by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 10,926,133 shares of the company’s stock worth $83,476,000 after acquiring an additional 56,142 shares during the period. Finally, American Century Companies Inc. grew its holdings in Ecovyst by 13.3% during the fourth quarter. American Century Companies Inc. now owns 272,146 shares of the company’s stock worth $2,079,000 after acquiring an additional 31,891 shares during the period. Institutional investors and hedge funds own 86.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. BMO Capital Markets lowered their target price on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. BWS Financial reissued a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a report on Monday, May 5th.

Ecovyst Stock Up 1.2%

Shares of NYSE:ECVT opened at $7.54 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. Ecovyst Inc. has a 52-week low of $5.24 and a 52-week high of $9.92. The stock’s fifty day simple moving average is $6.31 and its 200-day simple moving average is $7.25. The company has a market capitalization of $885.20 million, a P/E ratio of 16.39, a P/E/G ratio of 1.04 and a beta of 1.06.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.04. Ecovyst had a return on equity of 7.07% and a net margin of 7.74%. The business had revenue of $162.20 million for the quarter, compared to the consensus estimate of $168.43 million. During the same period in the prior year, the business earned $0.04 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts forecast that Ecovyst Inc. will post 0.44 earnings per share for the current fiscal year.

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.