William Blair Investment Management LLC Cuts Stock Position in Ecovyst Inc. $ECVT

Key Points

• William Blair Investment Management LLC reduced its stake in Ecovyst Inc. by 7.6% during the second quarter, holding approximately 3.2 million shares valued at $26.3 million.
• Wall Street analysts have mixed ratings on Ecovyst, with some downgrading the stock while others have set a price target of $14.00 and maintained an "outperform" rating.
• Ecovyst's stock is currently trading at around $8.10 with an average target price of $11.67, despite reporting revenue of $200.1 million for the last quarter, which was below analyst expectations.

William Blair Investment Management LLC lessened its stake in Ecovyst Inc. (NYSE:ECVT - Free Report) by 7.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,196,902 shares of the company's stock after selling 264,414 shares during the period. William Blair Investment Management LLC owned 2.72% of Ecovyst worth $26,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ECVT. GAMMA Investing LLC grew its stake in Ecovyst by 11,312.2% in 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. CWM LLC grew its stake in Ecovyst by 63.0% in the second quarter. CWM LLC now owns 5,946 shares of the company's stock valued at $49,000 after purchasing an additional 2,298 shares during the last quarter. AlphaQuest LLC grew its stake in Ecovyst by 60.1% in 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 purchased a new position in Ecovyst in the first quarter valued at about $73,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Ecovyst in the first quarter valued at about $78,000. Hedge funds and other institutional investors own 86.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded Ecovyst from a "buy" rating to a "hold" rating in a report on Sunday. Weiss Ratings reissued a "sell (d)" rating on shares of Ecovyst in a report on Wednesday, October 8th. BMO Capital Markets raised their price target on Ecovyst from $10.00 to $14.00 and gave the stock an "outperform" rating in a report on Friday, September 12th. Finally, BWS Financial reissued a "buy" rating and issued a $12.00 price target on shares of Ecovyst in a report on Monday, August 11th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.67.

Ecovyst Trading Down 1.1%

Shares of NYSE:ECVT opened at $8.10 on Monday. Ecovyst Inc. has a 52-week low of $5.24 and a 52-week high of $9.69. The stock has a market cap of $926.79 million, a price-to-earnings ratio of -67.50, a PEG ratio of 3.63 and a beta of 1.20. 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 business has a 50-day moving average price of $8.83 and a 200-day moving average price of $7.97.

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, hitting the consensus estimate of $0.12. Ecovyst had a positive return on equity of 7.69% and a negative net margin of 1.91%.The firm had revenue of $200.10 million during the quarter, compared to analysts' expectations of $204.27 million. During the same period last year, the business posted $0.12 earnings per share. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. Equities analysts predict that Ecovyst Inc. will post 0.44 EPS for the current 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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