Shapiro Capital Management LLC Grows Stock Holdings in Ecovyst Inc. (NYSE:ECVT)

Shapiro Capital Management LLC boosted its position in Ecovyst Inc. (NYSE:ECVT - Free Report) by 21.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,830,268 shares of the company's stock after purchasing an additional 868,397 shares during the period. Shapiro Capital Management LLC owned about 4.15% of Ecovyst worth $36,903,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Ecovyst by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 10,926,133 shares of the company's stock worth $83,476,000 after purchasing an additional 56,142 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Ecovyst by 1.9% in the fourth quarter. William Blair Investment Management LLC now owns 3,601,346 shares of the company's stock valued at $27,514,000 after buying an additional 67,338 shares in the last quarter. Medina Value Partners LLC raised its stake in Ecovyst by 44.2% during the fourth quarter. Medina Value Partners LLC now owns 2,742,233 shares of the company's stock worth $20,951,000 after acquiring an additional 840,495 shares in the last quarter. Boston Partners raised its stake in Ecovyst by 30.2% during the fourth quarter. Boston Partners now owns 2,401,811 shares of the company's stock worth $18,405,000 after acquiring an additional 557,249 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Ecovyst by 11.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company's stock valued at $14,540,000 after purchasing an additional 198,817 shares in the last quarter. Institutional investors own 86.69% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ECVT shares. BWS Financial reaffirmed a "buy" rating and issued a $12.00 price objective on shares of Ecovyst in a research note on Monday, May 5th. BMO Capital Markets dropped their price target on shares of Ecovyst from $11.00 to $9.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd.

Ecovyst Stock Down 2.3%

Shares of ECVT stock traded down $0.17 on Wednesday, hitting $7.06. The stock had a trading volume of 563,359 shares, compared to its average volume of 965,495. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. The business has a 50 day moving average of $6.35 and a 200 day moving average of $7.27. Ecovyst Inc. has a 12-month low of $5.24 and a 12-month high of $9.91. The stock has a market cap of $828.26 million, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06.

Ecovyst (NYSE:ECVT - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.04. The firm had revenue of $162.20 million during the quarter, compared to the consensus estimate of $168.43 million. Ecovyst had a net margin of 7.74% and a return on equity of 7.07%. The company's revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 EPS. As a group, analysts expect 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.