Ecovyst Inc. (NYSE:ECVT) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its holdings in Ecovyst Inc. (NYSE:ECVT) by 11.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,355 shares of the company’s stock after acquiring an additional 7,086 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Ecovyst were worth $546,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Spire Wealth Management grew its position in Ecovyst by 72.9% in the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock valued at $34,000 after buying an additional 1,896 shares during the last quarter. Cibc World Markets Corp acquired a new position in shares of Ecovyst during the 4th quarter worth $83,000. Virtu Financial LLC acquired a new position in Ecovyst in the 4th quarter valued at about $119,000. AXQ Capital LP acquired a new position in Ecovyst in the 4th quarter valued at about $132,000. Finally, Proficio Capital Partners LLC acquired a new position in Ecovyst in the 4th quarter valued at about $139,000. 86.69% of the stock is owned by institutional investors and hedge funds.

Ecovyst Stock Performance

Ecovyst stock opened at $7.51 on Wednesday. The stock has a market cap of $881.68 million, a P/E ratio of 16.33, a price-to-earnings-growth 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. The stock has a 50 day moving average of $6.29 and a 200-day moving average of $7.24. Ecovyst Inc. has a 52 week low of $5.24 and a 52 week high of $9.92.

Ecovyst (NYSE:ECVT) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.01 earnings per share (EPS) 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 business’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 EPS. On average, analysts expect that Ecovyst Inc. will post 0.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ECVT has been the subject of a number of research analyst reports. BMO Capital Markets dropped their price objective on shares of 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 restated a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a report on Monday, May 5th.

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.