Rhumbline Advisers Sells 70,502 Shares of Ecovyst Inc. $ECVT

Key Points

• Rhumbline Advisers reduced its holdings in Ecovyst Inc. by 28.6%, selling 70,502 shares, and now owns about 0.15% of the company valued at $1,090,000.
• Ecovyst's stock recently opened at $9.18, with a 1-year low of $5.24 and a high of $9.69, yet it has seen a drop of 1.9% on the trading day.
• The company reported a revenue of $200.10 million for the last quarter, slightly below analyst estimates, and set a FY 2025 EPS guidance of 0.520-0.680, amidst varied analyst ratings.

Rhumbline Advisers lowered its stake in Ecovyst Inc. (NYSE:ECVT - Free Report) by 28.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 175,810 shares of the company's stock after selling 70,502 shares during the quarter. Rhumbline Advisers owned approximately 0.15% of Ecovyst worth $1,090,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ECVT. Nuveen LLC bought a new position in Ecovyst in the 1st quarter worth about $5,448,000. Voss Capital LP boosted its position 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 valued at $7,434,000 after acquiring an additional 679,299 shares during the last quarter. UMB Bank n.a. bought a new stake in shares of Ecovyst during the 1st quarter valued at about $3,215,000. Bank of America Corp DE boosted its position in shares of Ecovyst by 58.9% during the 4th quarter. Bank of America Corp DE now owns 1,250,750 shares of the company's stock valued at $9,556,000 after acquiring an additional 463,435 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Ecovyst during the 1st quarter valued at about $2,004,000. Institutional investors own 86.69% of the company's stock.

Ecovyst Trading Down 0.2%

Shares of ECVT traded down $0.02 during mid-day trading on Tuesday, hitting $8.95. 318,327 shares of the company's stock traded hands, compared to its average volume of 1,303,129. The company has a quick ratio of 1.69, a current ratio of 2.25 and a debt-to-equity ratio of 1.22. Ecovyst Inc. has a 1 year low of $5.24 and a 1 year high of $9.69. The firm has a market capitalization of $1.02 billion, a P/E ratio of -74.60, a PEG ratio of 4.10 and a beta of 1.24. The business's 50-day moving average price is $8.88 and its 200-day moving average price is $7.71.

Ecovyst (NYSE:ECVT - Get Free Report) last posted its 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. The firm had revenue of $200.10 million for the quarter, compared to analysts' expectations of $204.27 million. Ecovyst had a positive return on equity of 7.69% and a negative net margin of 1.91%.The business's revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 earnings per share. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. As a group, sell-side analysts forecast that Ecovyst Inc. will post 0.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ECVT. Wall Street Zen downgraded Ecovyst from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. BMO Capital Markets lifted their price target on Ecovyst from $10.00 to $14.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Finally, BWS Financial reiterated 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, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $11.67.

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.