Ecovyst Inc. (NYSE:ECVT) Shares Sold by Boston Partners

Boston Partners trimmed its stake in shares of Ecovyst Inc. (NYSE:ECVT) by 9.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,325,642 shares of the company’s stock after selling 335,170 shares during the quarter. Boston Partners owned 2.84% of Ecovyst worth $36,476,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ECVT. Quest Partners LLC acquired a new position in shares of Ecovyst during the 4th quarter worth about $78,000. Paloma Partners Management Co purchased a new position in shares of Ecovyst in the 1st quarter valued at about $114,000. SG Americas Securities LLC purchased a new position in shares of Ecovyst in the 4th quarter valued at about $150,000. Bailard Inc. purchased a new position in shares of Ecovyst in the 4th quarter valued at about $184,000. Finally, ProShare Advisors LLC increased its holdings in shares of Ecovyst by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 16,635 shares of the company’s stock valued at $185,000 after acquiring an additional 1,308 shares during the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

Ecovyst Stock Performance

NYSE:ECVT traded down $1.27 during mid-day trading on Friday, reaching $6.69. 3,337,582 shares of the stock were exchanged, compared to its average volume of 827,792. The company has a 50 day simple moving average of $9.13 and a 200-day simple moving average of $9.53. The stock has a market capitalization of $782.73 million, a P/E ratio of 10.62, a P/E/G ratio of 0.47 and a beta of 1.05. The company has a quick ratio of 2.01, a current ratio of 2.50 and a debt-to-equity ratio of 1.21. Ecovyst Inc. has a 1 year low of $6.55 and a 1 year high of $11.35.

Ecovyst (NYSE:ECVT) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). Ecovyst had a return on equity of 7.93% and a net margin of 8.14%. The company had revenue of $160.50 million for the quarter, compared to analyst estimates of $171.56 million. Analysts anticipate that Ecovyst Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ECVT. Citigroup dropped their price objective on Ecovyst from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, July 12th. BWS Financial restated a “buy” rating and set a $18.00 price target on shares of Ecovyst in a research note on Friday, May 3rd.

Ecovyst Company Profile

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.