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

UMB Bank n.a. 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 518,584 shares of the company's stock, valued at approximately $3,215,000. UMB Bank n.a. owned about 0.44% of Ecovyst at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in shares of Ecovyst by 200.7% during the 1st quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock valued at $32,000 after buying an additional 3,489 shares in the last quarter. Spire Wealth Management grew its position in Ecovyst by 72.9% in the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company's stock worth $34,000 after acquiring an additional 1,896 shares in the last quarter. GAMMA Investing LLC lifted its position in Ecovyst by 11,312.2% in the 1st quarter. GAMMA Investing LLC now owns 5,592 shares of the company's stock worth $35,000 after buying an additional 5,543 shares during the last quarter. Deerfield Management Company L.P. Series C bought a new position in shares of Ecovyst during the 4th quarter valued at $79,000. Finally, Bridgefront Capital LLC bought a new stake in shares of Ecovyst in the 4th quarter valued at about $81,000. Institutional investors and hedge funds own 86.69% of the company's stock.

Wall Street Analysts Forecast Growth

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

Ecovyst Price Performance

Ecovyst stock traded down $0.25 during midday trading on Thursday, reaching $7.99. 1,259,939 shares of the stock traded hands, compared to its average volume of 1,005,654. The stock has a market cap of $938.03 million, a P/E ratio of 17.37, a PEG ratio of 1.04 and a beta of 1.12. The stock's fifty day moving average is $6.76 and its 200-day moving average is $7.23. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. Ecovyst Inc. has a 12 month low of $5.24 and a 12 month high of $9.92.

Ecovyst (NYSE:ECVT - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.01 EPS for the quarter, beating 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 firm had revenue of $162.20 million for the quarter, compared to analysts' expectations of $168.43 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The company's quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities research 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.