Boston Partners Sells 1,631,903 Shares of Ecovyst Inc. $ECVT

Key Points

• Boston Partners significantly reduced its stake in Ecovyst Inc. by 67.9%, selling over 1.6 million shares.
• The company's recent earnings report showed $200.10 million in revenue, which was below expectations, but earnings per share met analyst consensus at $0.12.
• Wall Street analysts have become more optimistic about Ecovyst, with some upgrading their ratings from "hold" to "buy" and setting a target price of $12.00.

Boston Partners lessened its stake in Ecovyst Inc. (NYSE:ECVT - Free Report) by 67.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 769,908 shares of the company's stock after selling 1,631,903 shares during the quarter. Boston Partners owned 0.66% of Ecovyst worth $4,772,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ecovyst by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,231 shares of the company's stock valued at $506,000 after buying an additional 2,325 shares during the period. Versant Capital Management Inc increased its stake in Ecovyst by 200.7% in the 1st quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock valued at $32,000 after buying an additional 3,489 shares during the period. Bank of New York Mellon Corp increased its stake in Ecovyst by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 372,061 shares of the company's stock valued at $2,307,000 after buying an additional 4,293 shares during the period. EP Wealth Advisors LLC increased its stake in Ecovyst by 18.4% in the 4th quarter. EP Wealth Advisors LLC now owns 30,567 shares of the company's stock valued at $234,000 after buying an additional 4,743 shares during the period. Finally, Needham Investment Management LLC increased its stake in shares of Ecovyst by 0.5% during the 4th 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. Institutional investors and hedge funds own 86.69% of the company's stock.

Ecovyst Stock Performance

NYSE:ECVT traded up $0.3050 during midday trading on Friday, reaching $9.1850. The stock had a trading volume of 525,524 shares, compared to its average volume of 1,225,432. Ecovyst Inc. has a 1-year low of $5.24 and a 1-year high of $9.31. The firm's fifty day simple moving average is $8.52 and its 200-day simple moving average is $7.50. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.25 and a quick ratio of 1.69. The stock has a market capitalization of $1.05 billion, a P/E ratio of -76.63, a PEG ratio of 0.73 and a beta of 1.18.

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 analysts' consensus estimates of $0.12. Ecovyst had a negative net margin of 1.91% and a positive return on equity of 7.69%. The business had revenue of $200.10 million for the quarter, compared to analyst estimates of $204.27 million. During the same period last year, the business posted $0.12 EPS. Ecovyst'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 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.