Ecovyst’s (ECVT) Buy Rating Reiterated at BWS Financial

BWS Financial reiterated their buy rating on shares of Ecovyst (NYSE:ECVT) in a research note released on Friday morning,Benzinga reports. BWS Financial currently has a $12.00 target price on the stock.

ECVT has been the subject of several other reports. Citigroup lifted their target price on Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. BMO Capital Markets lifted their target price on Ecovyst from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd.

Ecovyst Stock Down 1.9 %

ECVT stock opened at $6.80 on Friday. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. The business has a 50 day moving average price of $7.80 and a two-hundred day moving average price of $7.37. The company has a market cap of $791.69 million, a price-to-earnings ratio of 14.77, a P/E/G ratio of 1.04 and a beta of 1.05. Ecovyst has a twelve month low of $6.02 and a twelve month high of $11.35.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC lifted its holdings in Ecovyst by 27.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 12,852,925 shares of the company’s stock worth $88,043,000 after purchasing an additional 2,753,470 shares during the last quarter. Shapiro Capital Management LLC lifted its holdings in Ecovyst by 21.9% during the 4th quarter. Shapiro Capital Management LLC now owns 4,830,268 shares of the company’s stock worth $36,903,000 after purchasing an additional 868,397 shares during the last quarter. Medina Value Partners LLC lifted its holdings in Ecovyst by 44.2% during the 4th quarter. Medina Value Partners LLC now owns 2,742,233 shares of the company’s stock worth $20,951,000 after purchasing an additional 840,495 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Ecovyst by 84.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,756,363 shares of the company’s stock worth $12,031,000 after purchasing an additional 805,128 shares during the last quarter. Finally, Western Standard LLC acquired a new stake in Ecovyst during the 3rd quarter worth approximately $4,782,000. 86.69% of the stock is currently owned by institutional investors.

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.