Vanguard Group Inc. Cuts Stock Holdings in Ecovyst Inc. $ECVT

Vanguard Group Inc. reduced its position in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,825,114 shares of the company's stock after selling 101,019 shares during the period. Vanguard Group Inc. owned 9.22% of Ecovyst worth $67,116,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ecovyst by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,231 shares of the company's stock worth $506,000 after purchasing an additional 2,325 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Ecovyst by 200.7% in the first quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock valued at $32,000 after acquiring an additional 3,489 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Ecovyst by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 372,061 shares of the company's stock valued at $2,307,000 after acquiring an additional 4,293 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in Ecovyst by 18.4% in the fourth quarter. EP Wealth Advisors LLC now owns 30,567 shares of the company's stock valued at $234,000 after acquiring an additional 4,743 shares during the last quarter. Finally, Needham Investment Management LLC lifted its holdings in Ecovyst by 0.5% in the fourth quarter. Needham Investment Management LLC now owns 920,000 shares of the company's stock valued at $7,029,000 after acquiring an additional 5,000 shares during the last quarter. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Ecovyst Stock Up 3.3%

NYSE:ECVT opened at $9.1770 on Monday. The company has a quick ratio of 1.69, a current ratio of 2.25 and a debt-to-equity ratio of 1.22. The stock's fifty day moving average is $8.55 and its two-hundred day moving average is $7.50. Ecovyst Inc. has a 52 week low of $5.24 and a 52 week high of $9.31. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -76.48, a price-to-earnings-growth ratio of 0.70 and a beta of 1.18.

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

Analyst Upgrades and Downgrades

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

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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