Harbor Capital Advisors Inc. Has $13.41 Million Holdings in Ecovyst Inc. (NYSE:ECVT)

Harbor Capital Advisors Inc. lifted its position in Ecovyst Inc. (NYSE:ECVT - Free Report) by 8.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,163,134 shares of the company's stock after acquiring an additional 162,690 shares during the period. Ecovyst makes up approximately 0.6% of Harbor Capital Advisors Inc.'s holdings, making the stock its 24th biggest holding. Harbor Capital Advisors Inc. owned 1.84% of Ecovyst worth $13,411,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ECVT. Shapiro Capital Management LLC raised its position in shares of Ecovyst by 21.9% in the 4th quarter. Shapiro Capital Management LLC now owns 4,830,268 shares of the company's stock valued at $36,903,000 after acquiring an additional 868,397 shares during the period. Medina Value Partners LLC raised its position in shares of Ecovyst by 44.2% in the 4th quarter. Medina Value Partners LLC now owns 2,742,233 shares of the company's stock valued at $20,951,000 after acquiring an additional 840,495 shares during the period. Boston Partners raised its position in shares of Ecovyst by 30.2% in the 4th quarter. Boston Partners now owns 2,401,811 shares of the company's stock valued at $18,405,000 after acquiring an additional 557,249 shares during the period. Western Standard LLC raised its position in shares of Ecovyst by 79.3% in the 4th quarter. Western Standard LLC now owns 1,251,626 shares of the company's stock valued at $9,562,000 after acquiring an additional 553,590 shares during the period. Finally, Voss Capital LP acquired a new stake in shares of Ecovyst in the 4th quarter valued at approximately $3,970,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Ecovyst Stock Up 1.3%

ECVT traded up $0.11 during trading on Wednesday, reaching $8.24. The company had a trading volume of 823,141 shares, compared to its average volume of 1,004,636. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. Ecovyst Inc. has a 12 month low of $5.24 and a 12 month high of $9.92. The business's fifty day moving average price is $6.71 and its 200 day moving average price is $7.22. The company has a market cap of $966.91 million, a P/E ratio of 17.90, a PEG ratio of 1.04 and a beta of 1.12.

Ecovyst (NYSE:ECVT - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.04. Ecovyst had a net margin of 7.74% and a return on equity of 7.07%. The firm had revenue of $162.20 million for the quarter, compared to analyst estimates of $168.43 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. The business's revenue was up 1.1% on a year-over-year basis. Equities analysts anticipate that Ecovyst Inc. will post 0.44 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ECVT. BMO Capital Markets cut their price target on shares of Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. BWS Financial reaffirmed a "buy" rating and issued a $12.00 price target on shares of Ecovyst in a research note on Monday, May 5th.

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.