Ecovyst Inc. (NYSE:ECVT) is Western Standard LLC’s 5th Largest Position

Western Standard LLC increased its position in shares of Ecovyst Inc. (NYSE:ECVT) by 79.3% during the fourth quarter, Holdings Channel reports. The fund owned 1,251,626 shares of the company’s stock after acquiring an additional 553,590 shares during the quarter. Ecovyst makes up approximately 6.4% of Western Standard LLC’s investment portfolio, making the stock its 5th biggest position. Western Standard LLC’s holdings in Ecovyst were worth $9,562,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ECVT. Spire Wealth Management lifted its holdings in shares of Ecovyst by 72.9% during the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock valued at $34,000 after acquiring an additional 1,896 shares in the last quarter. Deerfield Management Company L.P. Series C bought a new position in shares of Ecovyst during the fourth quarter worth about $79,000. Bridgefront Capital LLC bought a new stake in shares of Ecovyst during the 4th quarter worth about $81,000. Cibc World Markets Corp acquired a new position in Ecovyst during the fourth quarter worth about $83,000. Finally, Quarry LP boosted its stake in shares of Ecovyst by 485.0% during the 4th quarter. Quarry LP now owns 13,724 shares of the company’s stock worth $105,000 after acquiring an additional 11,378 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ECVT. BWS Financial reissued a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a research note on Monday, May 5th. BMO Capital Markets reduced their target price on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a research note on Monday, March 3rd.

Ecovyst Price Performance

Shares of ECVT stock opened at $7.24 on Tuesday. The firm has a market capitalization of $849.98 million, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. The firm has a fifty day moving average of $6.34 and a 200-day moving average of $7.27. Ecovyst Inc. has a 12-month low of $5.24 and a 12-month high of $9.92.

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