Ecovyst (NYSE:ECVT) Given New $9.00 Price Target at BMO Capital Markets

Ecovyst (NYSE:ECVT) had its price objective lowered by BMO Capital Markets from $11.00 to $9.00 in a research note published on Friday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

ECVT has been the topic of a number of other research reports. Citigroup dropped their price target on shares of Ecovyst from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. KeyCorp lowered their price objective on shares of Ecovyst from $13.00 to $10.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, BWS Financial reaffirmed a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research report on Friday.

Ecovyst Stock Up 14.4 %

Shares of NYSE ECVT traded up $0.96 during trading hours on Friday, hitting $7.62. The stock had a trading volume of 3,431,087 shares, compared to its average volume of 875,710. The firm’s 50-day moving average price is $6.65 and its two-hundred day moving average price is $8.13. Ecovyst has a 52 week low of $6.02 and a 52 week high of $11.35. The company has a market capitalization of $887.50 million, a P/E ratio of 15.90, a P/E/G ratio of 1.13 and a beta of 1.01. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.18 and a current ratio of 2.72.

Ecovyst (NYSE:ECVT) last posted its earnings results on Thursday, August 1st. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The business had revenue of $182.80 million during the quarter, compared to the consensus estimate of $189.79 million. Ecovyst had a return on equity of 7.88% and a net margin of 8.14%. The business’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. Analysts anticipate that Ecovyst will post 0.46 EPS for the current fiscal year.

Insider Buying and Selling

In other Ecovyst news, insider Joseph S. Koscinski acquired 4,807 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $6.26 per share, for a total transaction of $30,091.82. Following the purchase, the insider now owns 544,609 shares in the company, valued at $3,409,252.34. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Paul Whittleston acquired 7,800 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was bought at an average cost of $6.50 per share, with a total value of $50,700.00. Following the completion of the acquisition, the insider now owns 57,542 shares in the company, valued at $374,023. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph S. Koscinski bought 4,807 shares of the stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost of $6.26 per share, for a total transaction of $30,091.82. Following the acquisition, the insider now owns 544,609 shares in the company, valued at $3,409,252.34. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ecovyst

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ECVT. LSV Asset Management raised its stake in shares of Ecovyst by 2.4% in the first quarter. LSV Asset Management now owns 739,400 shares of the company’s stock valued at $8,244,000 after acquiring an additional 17,100 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Ecovyst by 18.0% in the first quarter. Oppenheimer Asset Management Inc. now owns 52,605 shares of the company’s stock valued at $587,000 after buying an additional 8,032 shares during the last quarter. Steamboat Capital Partners LLC lifted its position in Ecovyst by 1.7% during the 1st quarter. Steamboat Capital Partners LLC now owns 312,821 shares of the company’s stock worth $3,488,000 after buying an additional 5,209 shares in the last quarter. Sei Investments Co. grew its holdings in Ecovyst by 58.3% during the 1st quarter. Sei Investments Co. now owns 521,176 shares of the company’s stock worth $5,811,000 after acquiring an additional 191,839 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in 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 in the last quarter. 86.69% of the stock is currently owned by institutional investors and hedge funds.

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.