Shay Capital LLC Purchases New Shares in Ecovyst Inc. (NYSE:ECVT)

Shay Capital LLC purchased a new stake in Ecovyst Inc. (NYSE:ECVT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 101,745 shares of the company’s stock, valued at approximately $777,000. Shay Capital LLC owned about 0.09% of Ecovyst at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ECVT. Proficio Capital Partners LLC bought a new stake in Ecovyst in the fourth quarter worth $139,000. Charles Schwab Investment Management Inc. boosted its position in Ecovyst by 11.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company’s stock valued at $14,540,000 after buying an additional 198,817 shares during the period. New York State Common Retirement Fund raised its stake in shares of Ecovyst by 31.7% during the fourth quarter. New York State Common Retirement Fund now owns 29,081 shares of the company’s stock valued at $222,000 after acquiring an additional 7,000 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Ecovyst by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 10,926,133 shares of the company’s stock worth $83,476,000 after buying an additional 56,142 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Ecovyst by 13.3% during the 4th quarter. American Century Companies Inc. now owns 272,146 shares of the company’s stock valued at $2,079,000 after purchasing an additional 31,891 shares during the period. 86.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

ECVT has been the subject of a number of analyst reports. BWS Financial restated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a report on Monday, May 5th. BMO Capital Markets lowered their price objective on Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a research report on Monday, March 3rd.

Ecovyst Trading Up 1.2%

NYSE ECVT opened at $7.54 on Friday. The stock has a market cap 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. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. Ecovyst Inc. has a 12-month low of $5.24 and a 12-month high of $9.92. The company has a fifty day simple moving average of $6.31 and a two-hundred day simple moving average of $7.25.

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