EP Wealth Advisors LLC Boosts Stock Position in Ecovyst Inc. (NYSE:ECVT)

EP Wealth Advisors LLC lifted its position in shares of Ecovyst Inc. (NYSE:ECVT) by 18.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,567 shares of the company’s stock after purchasing an additional 4,743 shares during the period. EP Wealth Advisors LLC’s holdings in Ecovyst were worth $234,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Spire Wealth Management boosted its holdings in shares of Ecovyst by 72.9% during the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock worth $34,000 after purchasing an additional 1,896 shares during the period. Bridgefront Capital LLC purchased a new stake in shares of Ecovyst during the fourth quarter worth about $81,000. Cibc World Markets Corp purchased a new stake in shares of Ecovyst during the fourth quarter worth about $83,000. Quarry LP boosted its holdings in shares of Ecovyst by 485.0% during the fourth quarter. Quarry LP now owns 13,724 shares of the company’s stock worth $105,000 after purchasing an additional 11,378 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Ecovyst during the fourth quarter worth about $119,000. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. BMO Capital Markets dropped their target price on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Monday, March 3rd. BWS Financial reissued a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research note on Monday, May 5th.

Ecovyst Price Performance

ECVT stock opened at $7.51 on Wednesday. Ecovyst Inc. has a 1 year low of $5.24 and a 1 year high of $9.92. The company has a market cap of $881.68 million, a P/E ratio of 16.33, a PEG ratio of 1.04 and a beta of 1.06. The firm has a 50-day moving average of $6.29 and a 200 day moving average of $7.24. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06.

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