Goldman Sachs Group Inc. lessened its stake in Ecovyst Inc. (NYSE:ECVT – Free Report) by 51.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 655,361 shares of the company’s stock after selling 697,837 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Ecovyst were worth $4,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the stock. Jane Street Group LLC raised its position in shares of Ecovyst by 954.1% in the 1st quarter. Jane Street Group LLC now owns 141,532 shares of the company’s stock worth $877,000 after purchasing an additional 128,105 shares during the last quarter. Empowered Funds LLC lifted its stake in Ecovyst by 7.5% during the 1st quarter. Empowered Funds LLC now owns 344,030 shares of the company’s stock valued at $2,133,000 after acquiring an additional 23,951 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Ecovyst during the 1st quarter valued at about $524,000. Petrus Trust Company LTA purchased a new stake in Ecovyst in the first quarter worth approximately $253,000. Finally, Nexpoint Asset Management L.P. boosted its holdings in Ecovyst by 977.3% in the first quarter. Nexpoint Asset Management L.P. now owns 287,687 shares of the company’s stock worth $1,784,000 after purchasing an additional 260,982 shares during the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.
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Analyst Upgrades and Downgrades
ECVT has been the topic of several research reports. Wall Street Zen cut shares of Ecovyst from a “buy” rating to a “hold” rating in a report on Friday, September 5th. BMO Capital Markets raised their target price 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, BWS Financial reaffirmed a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research report on Monday, August 11th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ecovyst presently has a consensus rating of “Buy” and an average target price of $11.67.
Read Our Latest Research Report on Ecovyst
Ecovyst Stock Performance
ECVT stock opened at $9.26 on Thursday. 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’s fifty day simple moving average is $8.86 and its two-hundred day simple moving average is $7.64. Ecovyst Inc. has a twelve month low of $5.24 and a twelve month high of $9.69. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -77.13, a PEG ratio of 4.03 and a beta of 1.24.
Ecovyst (NYSE:ECVT – Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. Ecovyst had a positive return on equity of 7.69% and a negative net margin of 1.91%.The business had revenue of $200.10 million for the quarter, compared to analyst estimates of $204.27 million. During the same quarter last year, the firm posted $0.12 earnings per share. The business’s revenue was up 9.5% compared to the same quarter last year. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. Analysts predict that Ecovyst Inc. will post 0.44 earnings per share for the current year.
Ecovyst Profile
(Free Report)
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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