EP Wealth Advisors LLC Increases Stock Holdings in Ecovyst Inc. $ECVT

EP Wealth Advisors LLC increased its holdings in shares of Ecovyst Inc. (NYSE:ECVT) by 29.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,599 shares of the company’s stock after buying an additional 9,032 shares during the quarter. EP Wealth Advisors LLC’s holdings in Ecovyst were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Shapiro Capital Management LLC increased its stake in shares of Ecovyst by 21.9% during the 4th quarter. Shapiro Capital Management LLC now owns 4,830,268 shares of the company’s stock valued at $36,903,000 after acquiring an additional 868,397 shares during the last quarter. First Wilshire Securities Management Inc. grew its holdings in Ecovyst by 12.6% in the first quarter. First Wilshire Securities Management Inc. now owns 2,219,462 shares of the company’s stock valued at $13,761,000 after purchasing an additional 247,794 shares during the period. Harbor Capital Advisors Inc. increased its position in Ecovyst by 8.1% during the first quarter. Harbor Capital Advisors Inc. now owns 2,163,134 shares of the company’s stock worth $13,411,000 after purchasing an additional 162,690 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Ecovyst by 10.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,106,949 shares of the company’s stock worth $13,063,000 after purchasing an additional 203,801 shares during the period. Finally, Western Standard LLC boosted its holdings 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 during the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

Ecovyst Stock Down 2.0%

Shares of NYSE ECVT opened at $8.97 on Wednesday. The stock has a fifty day moving average price of $8.77 and a 200 day moving average price of $7.58. The company has a current ratio of 2.25, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22. Ecovyst Inc. has a 12-month low of $5.24 and a 12-month high of $9.31. The company has a market cap of $1.03 billion, a P/E ratio of -74.75, a P/E/G ratio of 0.70 and a beta of 1.24.

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

Analyst Upgrades and Downgrades

ECVT has been the topic of several research reports. Wall Street Zen lowered Ecovyst from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. BWS Financial restated a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research note on Monday, August 11th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $10.00.

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.