Charles Schwab Investment Management Inc. Acquires 203,801 Shares of Ecovyst Inc. $ECVT

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Ecovyst Inc. by 10.7%, acquiring an additional 203,801 shares, bringing its total holdings to approximately 2.1 million shares valued at $13 million.
• Ecovyst's stock price increased by 3.3%, with shares currently priced at around $9.18, showing significant movement within the past year, ranging from a low of $5.24 to a high of $9.31.
• Brokerages are optimistic about Ecovyst, with a majority issuing a "Buy" rating and a consensus target price of $10.00, indicating anticipated growth in the company's performance.

Charles Schwab Investment Management Inc. increased its holdings in Ecovyst Inc. (NYSE:ECVT - Free Report) by 10.7% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 2,106,949 shares of the company's stock after buying an additional 203,801 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.79% of Ecovyst worth $13,063,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ecovyst by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,231 shares of the company's stock worth $506,000 after purchasing an additional 2,325 shares during the last quarter. Versant Capital Management Inc boosted its position in Ecovyst by 200.7% in the first quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock worth $32,000 after purchasing an additional 3,489 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Ecovyst by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 372,061 shares of the company's stock worth $2,307,000 after purchasing an additional 4,293 shares during the last quarter. EP Wealth Advisors LLC boosted its position in Ecovyst by 18.4% in the fourth quarter. EP Wealth Advisors LLC now owns 30,567 shares of the company's stock worth $234,000 after purchasing an additional 4,743 shares during the last quarter. Finally, Needham Investment Management LLC boosted its position in Ecovyst by 0.5% in the fourth quarter. Needham Investment Management LLC now owns 920,000 shares of the company's stock worth $7,029,000 after purchasing an additional 5,000 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Stock Up 3.3%

ECVT stock opened at $9.1770 on Friday. Ecovyst Inc. has a twelve month low of $5.24 and a twelve month high of $9.31. The company has a quick ratio of 1.69, a current ratio of 2.25 and a debt-to-equity ratio of 1.22. The stock has a market cap of $1.05 billion, a P/E ratio of -76.48, a PEG ratio of 0.74 and a beta of 1.18. The business's 50-day moving average price is $8.55 and its 200-day moving average price is $7.50.

Ecovyst (NYSE:ECVT - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, meeting analysts' consensus estimates 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 analysts' expectations of $204.27 million. During the same period in the previous year, the firm earned $0.12 EPS. The business's quarterly revenue was up 9.5% on a year-over-year basis. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. On average, equities research analysts forecast that Ecovyst Inc. will post 0.44 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ECVT. BWS Financial reissued a "buy" rating and issued a $12.00 target price on shares of Ecovyst in a research report on Monday, August 11th. Wall Street Zen raised Ecovyst from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $10.00.

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.

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