First Trust Advisors LP Has $4.64 Million Holdings in Ecovyst Inc. (NYSE:ECVT)

First Trust Advisors LP increased its position in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 51.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 607,257 shares of the company's stock after purchasing an additional 206,643 shares during the period. First Trust Advisors LP owned approximately 0.52% of Ecovyst worth $4,639,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Ecovyst by 198.1% during the third quarter. Barclays PLC now owns 178,032 shares of the company's stock valued at $1,220,000 after buying an additional 118,303 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Ecovyst by 13.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company's stock valued at $15,283,000 after purchasing an additional 244,081 shares in the last quarter. Spire Wealth Management boosted its stake in Ecovyst by 72.9% during the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company's stock worth $34,000 after purchasing an additional 1,896 shares during the last quarter. Empowered Funds LLC lifted its position in Ecovyst by 5.1% during the fourth quarter. Empowered Funds LLC now owns 320,079 shares of the company's stock worth $2,445,000 after buying an additional 15,473 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Ecovyst by 34.2% during the 4th quarter. Rhumbline Advisers now owns 246,312 shares of the company's stock valued at $1,882,000 after buying an additional 62,736 shares during the period. Institutional investors own 86.69% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on ECVT shares. BWS Financial reissued a "buy" rating and set a $12.00 target price on shares of Ecovyst in a research note on Monday. BMO Capital Markets lowered their target price on Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd.

Ecovyst Price Performance

Shares of NYSE:ECVT traded up $0.13 on Wednesday, hitting $6.89. The company had a trading volume of 1,306,336 shares, compared to its average volume of 947,701. Ecovyst Inc. has a 52-week low of $5.24 and a 52-week high of $9.96. The business has a 50 day moving average of $6.24 and a 200 day moving average of $7.21. The company has a market cap of $808.79 million, a PE ratio of 14.98, a PEG ratio of 1.04 and a beta of 1.06. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17.

Ecovyst (NYSE:ECVT - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.04. The business had revenue of $162.20 million for the quarter, compared to analyst estimates of $168.43 million. Ecovyst had a return on equity of 7.07% and a net margin of 7.74%. The company's revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 EPS. As a group, equities 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.