Ecovyst (NYSE:ECVT) Earns "Buy" Rating from BWS Financial

Key Points

• BWS Financial has reaffirmed a "buy" rating for Ecovyst (ECVT) with a target price of $12.00, indicating a potential upside of 39.05% from its previous close.
• Ecovyst's stock recently achieved a 5.2% increase, opening at $8.63, while the company reports a market cap of $1.01 billion.
• Institutional investors own 86.69% of Ecovyst's stock, with several firms significantly increasing their positions in the second quarter.

BWS Financial reaffirmed their buy rating on shares of Ecovyst (NYSE:ECVT - Free Report) in a research report released on Monday,Benzinga reports. BWS Financial currently has a $12.00 target price on the stock.

Ecovyst Trading Down 2.6%

Ecovyst stock traded down $0.24 during midday trading on Monday, hitting $8.75. 1,881,142 shares of the stock were exchanged, compared to its average volume of 1,239,191. Ecovyst has a fifty-two week low of $5.24 and a fifty-two week high of $9.07. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -72.88, a PEG ratio of 0.75 and a beta of 1.18. The stock's 50-day simple moving average is $8.43 and its 200 day simple moving average is $7.45. The company has a current ratio of 2.25, a quick ratio of 2.24 and a debt-to-equity ratio of 1.22.

Ecovyst (NYSE:ECVT - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The company had revenue of $200.10 million during 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 was up 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 earnings per share. On average, equities analysts anticipate that Ecovyst will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Boston Partners raised its position in Ecovyst by 321.1% in the 2nd quarter. Boston Partners now owns 3,242,285 shares of the company's stock valued at $26,785,000 after purchasing an additional 2,472,377 shares in the last quarter. Nuveen LLC acquired a new position in shares of Ecovyst in the 1st quarter valued at $5,448,000. Shapiro Capital Management LLC increased its stake in Ecovyst by 21.9% in the 4th quarter. Shapiro Capital Management LLC now owns 4,830,268 shares of the company's stock valued at $36,903,000 after buying an additional 868,397 shares during the period. Medina Value Partners LLC grew its stake in shares of Ecovyst by 44.2% during the 4th quarter. Medina Value Partners LLC now owns 2,742,233 shares of the company's stock worth $20,951,000 after purchasing an additional 840,495 shares during the period. Finally, Voss Capital LP grew its stake in shares of Ecovyst by 130.7% during the 1st quarter. Voss Capital LP now owns 1,198,981 shares of the company's stock worth $7,434,000 after purchasing an additional 679,299 shares during the period. Hedge funds and other institutional investors own 86.69% of the company's stock.

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.