Inspire Investing LLC Buys Shares of 51,777 Ecovyst Inc. $ECVT

Inspire Investing LLC bought a new stake in shares of Ecovyst Inc. (NYSE:ECVT) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 51,777 shares of the company’s stock, valued at approximately $454,000.

Other hedge funds have also made changes to their positions in the company. CWM LLC raised its holdings 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 acquiring an additional 2,298 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of Ecovyst by 1,769.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock worth $51,000 after purchasing an additional 5,823 shares during the last quarter. AlphaQuest LLC raised its stake in shares of Ecovyst by 60.1% in the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company’s stock valued at $56,000 after purchasing an additional 3,396 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Ecovyst in the 2nd quarter valued at about $101,000. Finally, Praxis Investment Management Inc. bought a new position in shares of Ecovyst during the third quarter worth about $107,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Trading Down 0.1%

Shares of NYSE ECVT opened at $9.95 on Tuesday. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -10.69, a price-to-earnings-growth ratio of 1.58 and a beta of 1.25. The stock’s 50 day simple moving average is $8.82 and its 200 day simple moving average is $8.71. The company has a current ratio of 2.25, a quick ratio of 2.07 and a debt-to-equity ratio of 1.39. Ecovyst Inc. has a 12-month low of $5.24 and a 12-month high of $10.01.

Ecovyst (NYSE:ECVT) last posted its earnings results on Tuesday, November 4th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Ecovyst had a negative net margin of 14.34% and a positive return on equity of 8.93%. The company had revenue of $204.91 million during the quarter, compared to the consensus estimate of $204.74 million. Equities research analysts expect that Ecovyst Inc. will post 0.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ECVT. Deutsche Bank Aktiengesellschaft lowered their price objective on Ecovyst from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, November 28th. BWS Financial reiterated a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a report on Monday, November 10th. Wall Street Zen lowered Ecovyst from a “buy” rating to a “hold” rating in a research report on Sunday, December 21st. BMO Capital Markets lifted their price objective on shares of Ecovyst from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Finally, Citigroup boosted their target price on shares of Ecovyst from $8.50 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.60.

About Ecovyst

Ecovyst Inc is a global specialty chemicals company that develops, manufactures and markets performance-enhancing products for industrial applications. The company’s core offerings include catalysts, phosphorus-based additives and barium carbonate materials, all designed to improve process efficiency, product quality and environmental performance. Ecovyst serves a diverse customer base in the energy, refining, chemical, polymer, food and consumer goods industries.

The company’s Catalysts segment supplies fluid catalytic cracking (FCC) and hydroprocessing catalysts that help petroleum refiners maximize fuel yield, reduce sulfur emissions and meet increasingly stringent environmental standards.