Nuveen LLC Acquires Shares of 878,783 Ecovyst Inc. $ECVT

Nuveen LLC acquired a new stake in Ecovyst Inc. (NYSE:ECVT) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 878,783 shares of the company’s stock, valued at approximately $5,448,000. Nuveen LLC owned about 0.75% of Ecovyst at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Shapiro Capital Management LLC raised its stake in shares of Ecovyst by 21.9% in the 4th quarter. Shapiro Capital Management LLC now owns 4,830,268 shares of the company’s stock valued at $36,903,000 after purchasing an additional 868,397 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Ecovyst by 8.1% in the 1st quarter. Harbor Capital Advisors Inc. now owns 2,163,134 shares of the company’s stock valued at $13,411,000 after purchasing an additional 162,690 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Ecovyst by 10.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,106,949 shares of the company’s stock valued at $13,063,000 after purchasing an additional 203,801 shares in the last quarter. Western Standard LLC raised its stake in shares of Ecovyst by 79.3% in the 4th quarter. Western Standard LLC now owns 1,251,626 shares of the company’s stock valued at $9,562,000 after purchasing an additional 553,590 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Ecovyst by 58.9% in the 4th quarter. Bank of America Corp DE now owns 1,250,750 shares of the company’s stock valued at $9,556,000 after purchasing an additional 463,435 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Price Performance

NYSE ECVT opened at $9.0850 on Tuesday. Ecovyst Inc. has a 52 week low of $5.24 and a 52 week high of $9.31. The company has a current ratio of 2.25, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -75.71, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18. The company has a 50-day moving average price of $8.57 and a two-hundred day moving average price of $7.51.

Ecovyst (NYSE:ECVT) last posted its earnings results on Thursday, August 7th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $200.10 million during the quarter, compared to analysts’ expectations of $204.27 million. Ecovyst had a negative net margin of 1.91% and a positive return on equity of 7.69%. Ecovyst’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. Analysts forecast that Ecovyst Inc. will post 0.44 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BWS Financial restated a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a research note on Monday, August 11th. Wall Street Zen upgraded shares of Ecovyst from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ecovyst presently has an average rating of “Buy” and a consensus target price of $10.00.

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.