Trexquant Investment LP Invests $2 Million in Ecovyst Inc. $ECVT

Key Points

• Trexquant Investment LP acquired a new stake in Ecovyst Inc. ($ECVT), purchasing 323,285 shares valued at approximately $2,004,000.
• Institutional investors now own 86.69% of Ecovyst's stock, highlighting growing interest in the company.
• Analysts have set a consensus rating of "Buy" for Ecovyst with an average target price of $10.00.

Trexquant Investment LP acquired a new position in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 323,285 shares of the company's stock, valued at approximately $2,004,000. Trexquant Investment LP owned approximately 0.28% of Ecovyst at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ECVT. Price T Rowe Associates Inc. MD boosted its stake in Ecovyst by 11.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 71,355 shares of the company's stock worth $546,000 after acquiring an additional 7,086 shares in the last quarter. Northern Trust Corp boosted its stake in Ecovyst by 8.5% during the fourth quarter. Northern Trust Corp now owns 1,064,745 shares of the company's stock worth $8,135,000 after acquiring an additional 83,408 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Ecovyst during the fourth quarter worth about $123,000. Bank of America Corp DE lifted its stake in shares of Ecovyst by 58.9% in the fourth quarter. Bank of America Corp DE now owns 1,250,750 shares of the company's stock worth $9,556,000 after buying an additional 463,435 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new position in shares of Ecovyst in the fourth quarter worth approximately $81,000. Institutional investors own 86.69% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Ecovyst from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. BWS Financial restated a "buy" rating and set a $12.00 price objective on shares of Ecovyst in a research report on Monday, August 11th. 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 target price of $10.00.

Ecovyst Stock Performance

ECVT stock traded up $0.20 during midday trading on Wednesday, reaching $9.17. 2,244,445 shares of the company's stock traded hands, compared to its average volume of 1,053,422. Ecovyst Inc. has a 52-week low of $5.24 and a 52-week high of $9.31. The stock has a market cap of $1.05 billion, a P/E ratio of -76.43, a PEG ratio of 0.68 and a beta of 1.24. The company has a current ratio of 2.25, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22. The stock's 50-day moving average is $8.79 and its 200 day moving average is $7.59.

Ecovyst (NYSE:ECVT - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.12 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 during the quarter, compared to analysts' expectations of $204.27 million. During the same period in the prior year, the company earned $0.12 earnings per share. The firm's revenue was up 9.5% on a year-over-year basis. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. As a group, analysts anticipate that Ecovyst Inc. will post 0.44 EPS for the current 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.