Ecovyst (NYSE:ECVT) Given “Buy” Rating at BWS Financial

BWS Financial restated their buy rating on shares of Ecovyst (NYSE:ECVT) in a report published on Friday, Benzinga reports. BWS Financial currently has a $18.00 price target on the stock.

Separately, Citigroup upped their price target on shares of Ecovyst from $11.50 to $13.00 and gave the stock a buy rating in a research note on Wednesday, April 10th.

Ecovyst Stock Down 1.9 %

Shares of NYSE ECVT opened at $9.80 on Friday. The firm has a fifty day simple moving average of $9.96 and a two-hundred day simple moving average of $9.62. Ecovyst has a 12 month low of $8.26 and a 12 month high of $12.35. The firm has a market capitalization of $1.15 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 0.50 and a beta of 1.05. The company has a current ratio of 2.07, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22.

Ecovyst (NYSE:ECVT) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Ecovyst had a net margin of 10.70% and a return on equity of 10.94%. The company had revenue of $172.80 million for the quarter, compared to the consensus estimate of $168.31 million. During the same period last year, the business earned $0.23 EPS. The firm’s quarterly revenue was down 5.5% on a year-over-year basis. Equities analysts expect that Ecovyst will post 0.81 earnings per share for the current year.

Insider Buying and Selling at Ecovyst

In related news, Director Susan F. Ward sold 24,436 shares of Ecovyst stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $10.28, for a total value of $251,202.08. Following the completion of the sale, the director now directly owns 67,587 shares in the company, valued at approximately $694,794.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Ecovyst

Several institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in Ecovyst by 4.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 407,861 shares of the company’s stock worth $4,013,000 after purchasing an additional 16,734 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ecovyst by 35.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,437 shares of the company’s stock worth $201,000 after buying an additional 5,334 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Ecovyst by 17.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 42,014 shares of the company’s stock valued at $413,000 after buying an additional 6,131 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Ecovyst by 27.6% during the 3rd quarter. Principal Financial Group Inc. now owns 13,217 shares of the company’s stock valued at $130,000 after acquiring an additional 2,856 shares during the period. Finally, LSV Asset Management increased its holdings in Ecovyst by 4.8% in the 3rd quarter. LSV Asset Management now owns 722,300 shares of the company’s stock worth $7,107,000 after acquiring an additional 33,200 shares in the last quarter. Institutional investors own 86.69% of the company’s stock.

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.