UMB Bank n.a. Makes New $3.22 Million Investment in Ecovyst Inc. (NYSE:ECVT)

UMB Bank n.a. bought a new stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 518,584 shares of the company's stock, valued at approximately $3,215,000. UMB Bank n.a. owned about 0.44% of Ecovyst as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Shapiro Capital Management LLC grew its stake in shares of Ecovyst by 21.9% during the fourth quarter. Shapiro Capital Management LLC now owns 4,830,268 shares of the company's stock worth $36,903,000 after purchasing an additional 868,397 shares during the period. Medina Value Partners LLC boosted its holdings in Ecovyst by 44.2% during the fourth quarter. Medina Value Partners LLC now owns 2,742,233 shares of the company's stock worth $20,951,000 after buying an additional 840,495 shares during the last quarter. Boston Partners grew its position in shares of Ecovyst by 30.2% during the 4th quarter. Boston Partners now owns 2,401,811 shares of the company's stock worth $18,405,000 after buying an additional 557,249 shares during the period. Western Standard LLC increased its stake 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 last quarter. Finally, Voss Capital LP bought a new stake in shares of Ecovyst in the 4th quarter valued at about $3,970,000. Institutional investors and hedge funds own 86.69% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ECVT. BWS Financial reissued a "buy" rating and set a $12.00 price objective on shares of Ecovyst in a research note on Monday, May 5th. BMO Capital Markets reduced 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.

Ecovyst Trading Down 0.3%

NYSE ECVT opened at $8.00 on Monday. Ecovyst Inc. has a one year low of $5.24 and a one year high of $9.92. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. The firm has a market cap of $938.97 million, a P/E ratio of 17.39, a P/E/G ratio of 1.04 and a beta of 1.12. The stock's 50-day moving average is $6.63 and its 200-day moving average is $7.21.

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

About Ecovyst

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.

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