Petrus Trust Company LTA Invests $253,000 in Ecovyst Inc. $ECVT

Key Points

• Petrus Trust Company LTA invested $253,000 in Ecovyst Inc., acquiring 40,805 shares during the first quarter.
• Several investors, including Versant Capital Management Inc. and GAMMA Investing LLC, have significantly increased their stakes in Ecovyst, reflecting growing institutional interest.
• Ecovyst's stock was recently downgraded to a "hold" rating by Wall Street analysts, with a consensus target price of $10.00, as the stock trades currently around $8.97.

Petrus Trust Company LTA bought a new stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 40,805 shares of the company's stock, valued at approximately $253,000.

Other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc lifted its position in Ecovyst by 200.7% during the first quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock valued at $32,000 after purchasing an additional 3,489 shares during the last quarter. GAMMA Investing LLC lifted its position in Ecovyst by 11,312.2% during the first 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 during the last quarter. AlphaQuest LLC lifted its position in Ecovyst by 60.1% during the first quarter. AlphaQuest LLC now owns 9,042 shares of the company's stock valued at $56,000 after purchasing an additional 3,396 shares during the last quarter. Royce & Associates LP bought a new stake in Ecovyst during the first quarter valued at approximately $73,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Ecovyst during the first quarter valued at approximately $78,000. 86.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ECVT has been the subject of a number of recent research reports. BWS Financial restated a "buy" rating and issued a $12.00 price objective on shares of Ecovyst in a report on Monday, August 11th. Wall Street Zen lowered shares of Ecovyst from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Finally, BMO Capital Markets boosted their price objective on shares of Ecovyst from $10.00 to $14.00 and gave the stock an "outperform" rating in a report on Friday. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ecovyst presently has a consensus rating of "Buy" and an average target price of $11.67.

Ecovyst Trading Down 0.5%

Ecovyst stock traded down $0.05 during mid-day trading on Monday, reaching $9.21. 270,460 shares of the company traded hands, compared to its average volume of 1,251,589. 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 firm's 50 day moving average price is $8.82 and its 200 day moving average price is $7.60. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -76.88, a P/E/G ratio of 0.70 and a beta of 1.24. Ecovyst Inc. has a 52-week low of $5.24 and a 52-week high of $9.69.

Ecovyst (NYSE:ECVT - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, hitting analysts' consensus estimates of $0.12. The firm had revenue of $200.10 million for the quarter, compared to the consensus estimate of $204.27 million. Ecovyst had a negative net margin of 1.91% and a positive return on equity of 7.69%. The company's revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. On average, analysts anticipate that Ecovyst Inc. will post 0.44 earnings per share for the current fiscal 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.