Ecovyst (NYSE:ECVT) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Ecovyst's stock has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, although BWS Financial maintains a "buy" rating with a price target of $12.00.
• The company reported earnings of $0.12 EPS, meeting analysts' expectations, with revenues of $200.10 million for the quarter, reflecting a 9.5% year-over-year increase.
• Institutional investors own approximately 86.69% of Ecovyst's stock, with Versant Capital Management increasing its position by over 200% in the first quarter.

Wall Street Zen cut shares of Ecovyst (NYSE:ECVT - Free Report) from a buy rating to a hold rating in a research note released on Friday morning.

Separately, 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 research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $10.00.

Ecovyst Stock Performance

ECVT traded up $0.06 on Friday, hitting $9.25. 5,557,561 shares of the stock traded hands, compared to its average volume of 1,061,389. Ecovyst has a 52 week low of $5.24 and a 52 week high of $9.69. 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 firm has a market capitalization of $1.06 billion, a PE ratio of -77.04, a P/E/G ratio of 0.70 and a beta of 1.24. The business has a fifty day moving average price of $8.80 and a two-hundred day moving average price of $7.60.

Ecovyst (NYSE:ECVT - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. Ecovyst had a positive return on equity of 7.69% and a negative net margin of 1.91%.The firm had revenue of $200.10 million for the quarter, compared to analyst estimates of $204.27 million. During the same period in the previous year, the company posted $0.12 earnings per share. The company's quarterly revenue was up 9.5% compared to the same quarter last year. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. On average, research analysts predict that Ecovyst will post 0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Ecovyst

Large investors have recently modified their holdings of the stock. Rubric Capital Management LP bought a new stake in Ecovyst during the 2nd quarter worth approximately $38,741,000. Boston Partners grew its position in Ecovyst by 321.1% during the 2nd quarter. Boston Partners now owns 3,242,285 shares of the company's stock worth $26,785,000 after acquiring an additional 2,472,377 shares during the last quarter. Ameriprise Financial Inc. grew its position in Ecovyst by 221.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,590,044 shares of the company's stock worth $13,086,000 after acquiring an additional 1,095,228 shares during the last quarter. Nuveen LLC bought a new stake in Ecovyst during the 1st quarter worth approximately $5,448,000. Finally, Shapiro Capital Management LLC grew its position in Ecovyst by 21.9% during the 4th quarter. Shapiro Capital Management LLC now owns 4,830,268 shares of the company's stock worth $36,903,000 after acquiring an additional 868,397 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors.

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.