Ecovyst Inc. (NYSE:ECVT) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its position in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 57.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,729 shares of the company's stock after buying an additional 35,090 shares during the period. Deutsche Bank AG owned approximately 0.08% of Ecovyst worth $731,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Spire Wealth Management increased its holdings in shares of Ecovyst by 72.9% during the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company's stock worth $34,000 after buying an additional 1,896 shares during the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in shares of Ecovyst during the 4th quarter worth approximately $79,000. Bridgefront Capital LLC acquired a new stake in shares of Ecovyst during the 4th quarter worth approximately $81,000. Cibc World Markets Corp acquired a new stake in shares of Ecovyst during the 4th quarter worth approximately $83,000. Finally, Quarry LP increased its holdings in Ecovyst by 485.0% in the 4th quarter. Quarry LP now owns 13,724 shares of the company's stock valued at $105,000 after purchasing an additional 11,378 shares during the last quarter. Institutional investors and hedge funds own 86.69% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ECVT. BWS Financial reiterated a "buy" rating and issued a $12.00 target price on shares of Ecovyst in a report on Monday, May 5th. 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.

Ecovyst Stock Down 0.7%

ECVT stock traded down $0.05 during midday trading on Friday, hitting $7.46. The company's stock had a trading volume of 1,108,023 shares, compared to its average volume of 989,308. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. Ecovyst Inc. has a 52-week low of $5.24 and a 52-week high of $9.92. The firm has a market capitalization of $875.81 million, a P/E ratio of 16.22, a PEG ratio of 1.04 and a beta of 1.06. The firm has a 50-day simple moving average of $6.49 and a 200-day simple moving average of $7.22.

Ecovyst (NYSE:ECVT - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.04. The company had revenue of $162.20 million during the quarter, compared to analysts' expectations of $168.43 million. Ecovyst had a net margin of 7.74% and a return on equity of 7.07%. The firm's revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 EPS. As a group, equities analysts forecast that Ecovyst Inc. will post 0.44 EPS for the current year.

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.