Ecovyst’s (ECVT) “Buy” Rating Reiterated at BWS Financial

BWS Financial reiterated their buy rating on shares of Ecovyst (NYSE:ECVT) in a report released on Friday, Benzinga reports. They currently have a $18.00 price target on the stock.

Separately, Citigroup upped their target price on shares of Ecovyst from $11.50 to $13.00 and gave the stock a buy rating in a research report on Wednesday, April 10th.

Ecovyst Stock Down 3.0 %

Shares of NYSE:ECVT opened at $9.51 on Friday. The firm has a fifty day moving average price of $9.96 and a two-hundred day moving average price of $9.62. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 0.50 and a beta of 1.05. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.07 and a quick ratio of 1.69. Ecovyst has a one year low of $8.26 and a one year high of $12.35.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The business had revenue of $172.80 million during the quarter, compared to analysts’ expectations of $168.31 million. Ecovyst had a return on equity of 10.94% and a net margin of 10.70%. The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. Analysts anticipate that Ecovyst will post 0.81 EPS for the current fiscal year.

Insider Activity at Ecovyst

In other Ecovyst news, Director Susan F. Ward sold 24,436 shares of Ecovyst stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $10.28, for a total value of $251,202.08. Following the transaction, the director now directly owns 67,587 shares of the company’s stock, valued at approximately $694,794.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.59% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ECVT. Vanguard Group Inc. grew its holdings in Ecovyst by 11.7% in the 3rd quarter. Vanguard Group Inc. now owns 10,795,380 shares of the company’s stock worth $106,227,000 after acquiring an additional 1,128,473 shares during the last quarter. Swiss National Bank raised its position in Ecovyst by 1.0% during the 3rd quarter. Swiss National Bank now owns 229,900 shares of the company’s stock valued at $2,262,000 after purchasing an additional 2,300 shares during the last quarter. Pathstone Family Office LLC purchased a new stake in Ecovyst in the 3rd quarter worth approximately $499,000. Cove Street Capital LLC grew its position in shares of Ecovyst by 6.6% in the 3rd quarter. Cove Street Capital LLC now owns 1,971,344 shares of the company’s stock worth $19,280,000 after buying an additional 122,409 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Ecovyst by 19.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,410,689 shares of the company’s stock valued at $13,881,000 after buying an additional 231,294 shares during the period. Institutional investors own 86.69% of the company’s stock.

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.