First Wilshire Securities Management Inc. Increases Stock Holdings in Ecovyst Inc. $ECVT

Key Points

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First Wilshire Securities Management Inc. lifted its holdings in Ecovyst Inc. (NYSE:ECVT - Free Report) by 12.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,219,462 shares of the company's stock after purchasing an additional 247,794 shares during the quarter. Ecovyst comprises 3.9% of First Wilshire Securities Management Inc.'s holdings, making the stock its 5th biggest position. First Wilshire Securities Management Inc. owned approximately 1.89% of Ecovyst worth $13,761,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. American Century Companies Inc. grew its position in shares of Ecovyst by 39.6% in the 1st quarter. American Century Companies Inc. now owns 379,907 shares of the company's stock valued at $2,355,000 after purchasing an additional 107,761 shares during the period. Nuveen LLC acquired a new position in shares of Ecovyst in the 1st quarter valued at approximately $5,448,000. Simplex Trading LLC acquired a new position in shares of Ecovyst in the 1st quarter valued at approximately $116,000. Charles Schwab Investment Management Inc. grew its position in shares of Ecovyst by 10.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,106,949 shares of the company's stock valued at $13,063,000 after purchasing an additional 203,801 shares during the period. Finally, Royce & Associates LP acquired a new position in shares of Ecovyst in the 1st quarter valued at approximately $73,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ECVT has been the subject of several research analyst reports. Wall Street Zen upgraded Ecovyst from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. BWS Financial reaffirmed a "buy" rating and set a $12.00 price target on shares of Ecovyst in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Ecovyst has a consensus rating of "Buy" and a consensus target price of $10.00.

Ecovyst Stock Up 3.3%

Shares of Ecovyst stock traded up $0.2970 on Friday, reaching $9.1770. 1,724,303 shares of the company were exchanged, compared to its average volume of 1,760,786. Ecovyst Inc. has a one year low of $5.24 and a one year high of $9.31. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -76.48, a PEG ratio of 0.70 and a beta of 1.18. 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 company has a 50-day moving average of $8.55 and a 200 day moving average of $7.50.

Ecovyst (NYSE:ECVT - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $200.10 million for the quarter, compared to analysts' expectations of $204.27 million. During the same quarter in the prior year, the business posted $0.12 EPS. The business's 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, equities research analysts forecast that Ecovyst Inc. will post 0.44 earnings per share for the current year.

Ecovyst 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.