Nuveen LLC Makes New $5.45 Million Investment in Ecovyst Inc. $ECVT

Key Points

• Nuveen LLC has acquired approximately 878,783 shares of Ecovyst Inc., valued at about $5.45 million, representing roughly 0.75% ownership in the company.
• Institutional investors collectively own 86.69% of Ecovyst's stock, with several investors, including Shapiro Capital Management and Harbor Capital Advisors, significantly increasing their stakes.
• Ecovyst reported a quarterly revenue of $200.10 million, slightly below the expected $204.27 million, and has set its FY 2025 EPS guidance between 0.520-0.680.

Nuveen LLC purchased a new position in Ecovyst Inc. (NYSE:ECVT - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 878,783 shares of the company's stock, valued at approximately $5,448,000. Nuveen LLC owned approximately 0.75% of Ecovyst at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ECVT. Versant Capital Management Inc increased its stake in shares of Ecovyst by 200.7% in the 1st quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock worth $32,000 after acquiring an additional 3,489 shares in the last quarter. GAMMA Investing LLC increased its stake in Ecovyst by 11,312.2% during the 1st quarter. GAMMA Investing LLC now owns 5,592 shares of the company's stock valued at $35,000 after purchasing an additional 5,543 shares in the last quarter. Royce & Associates LP bought a new stake in Ecovyst during the 1st quarter valued at about $73,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Ecovyst during the 1st quarter valued at about $78,000. Finally, Deerfield Management Company L.P. Series C purchased a new stake in shares of Ecovyst during the 4th quarter valued at about $79,000. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Stock Up 0.2%

Shares of NYSE:ECVT traded up $0.02 during trading hours on Thursday, hitting $9.12. The company's stock had a trading volume of 701,598 shares, compared to its average volume of 1,604,533. Ecovyst Inc. has a 52 week low of $5.24 and a 52 week high of $9.31. 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 company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -75.96, a P/E/G ratio of 0.69 and a beta of 1.18. The firm's fifty day moving average price is $8.64 and its 200 day moving average price is $7.54.

Ecovyst (NYSE:ECVT - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.12 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $204.27 million. During the same quarter in the previous year, the business posted $0.12 EPS. The company's quarterly 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. As a group, research analysts expect that Ecovyst Inc. will post 0.44 EPS for the current year.

Analysts Set New Price Targets

ECVT has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Ecovyst from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. BWS Financial reaffirmed a "buy" rating and set a $12.00 price target on shares of Ecovyst in a report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ecovyst presently has an average rating of "Buy" and a consensus price target of $10.00.

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.