Voya Investment Management LLC Reduces Stock Position in Ecovyst Inc. $ECVT

Voya Investment Management LLC cut its stake in Ecovyst Inc. (NYSE:ECVT) by 8.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,564 shares of the company’s stock after selling 3,022 shares during the period. Voya Investment Management LLC’s holdings in Ecovyst were worth $202,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in Ecovyst by 200.7% in the first quarter. Versant Capital Management Inc now owns 5,227 shares of the company’s stock valued at $32,000 after buying an additional 3,489 shares in the last quarter. GAMMA Investing LLC increased its holdings in Ecovyst by 11,312.2% in the first quarter. GAMMA Investing LLC now owns 5,592 shares of the company’s stock valued at $35,000 after buying an additional 5,543 shares in the last quarter. AlphaQuest LLC increased its holdings in Ecovyst by 60.1% in the first quarter. AlphaQuest LLC now owns 9,042 shares of the company’s stock valued at $56,000 after buying an additional 3,396 shares in the last quarter. Royce & Associates LP purchased a new position in shares of Ecovyst during the 1st quarter worth approximately $73,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Ecovyst during the 1st quarter worth approximately $78,000. 86.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ECVT has been the subject of a number of recent research reports. BMO Capital Markets raised their price objective on shares of Ecovyst from $10.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. BWS Financial reissued a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a research note on Monday, August 11th. Finally, Wall Street Zen cut shares of Ecovyst from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $11.67.

Ecovyst Stock Up 0.2%

Shares of ECVT opened at $8.77 on Wednesday. The firm has a market cap of $1.00 billion, a PE ratio of -73.08, a price-to-earnings-growth ratio of 3.91 and a beta of 1.24. The company’s fifty day moving average is $8.89 and its two-hundred day moving average is $7.79. Ecovyst Inc. has a fifty-two week low of $5.24 and a fifty-two week high of $9.69. The company has a quick ratio of 1.69, a current ratio of 2.25 and a debt-to-equity ratio of 1.22.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. The company had revenue of $200.10 million for the quarter, compared to analyst estimates of $204.27 million. Ecovyst had a negative net margin of 1.91% and a positive return on equity of 7.69%. Ecovyst’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter last year, the business 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 earnings per share for the current year.

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.