Raymond James Financial Services Advisors Inc. Has $3.17 Million Position in Ecovyst Inc. (NYSE:ECVT)

Raymond James Financial Services Advisors Inc. reduced its stake in Ecovyst Inc. (NYSE:ECVT – Get Rating) by 5.2% during the fourth quarter, HoldingsChannel reports. The firm owned 357,725 shares of the company’s stock after selling 19,662 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Ecovyst were worth $3,169,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ECVT. Vanguard Group Inc. raised its holdings in Ecovyst by 24.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,388,772 shares of the company’s stock worth $62,362,000 after purchasing an additional 1,460,053 shares during the last quarter. BlackRock Inc. raised its holdings in Ecovyst by 6.2% during the 3rd quarter. BlackRock Inc. now owns 6,577,357 shares of the company’s stock worth $55,511,000 after purchasing an additional 383,902 shares during the last quarter. Shapiro Capital Management LLC raised its holdings in Ecovyst by 6.1% during the 1st quarter. Shapiro Capital Management LLC now owns 5,799,456 shares of the company’s stock worth $67,042,000 after purchasing an additional 335,297 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Ecovyst by 28.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,994,635 shares of the company’s stock worth $25,275,000 after purchasing an additional 661,240 shares during the last quarter. Finally, Boston Partners raised its holdings in Ecovyst by 30.7% during the 4th quarter. Boston Partners now owns 2,916,634 shares of the company’s stock worth $26,562,000 after purchasing an additional 684,613 shares during the last quarter. 74.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ECVT has been the subject of several research analyst reports. TheStreet lowered shares of Ecovyst from a “b” rating to a “c+” rating in a research note on Thursday, May 4th. CL King lifted their price objective on shares of Ecovyst from $13.50 to $15.50 in a research note on Monday, March 6th. Citigroup lifted their price objective on shares of Ecovyst from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, March 2nd. Finally, KeyCorp lifted their price objective on shares of Ecovyst from $13.00 to $14.00 and gave the company an “overweight” rating in a research note on Wednesday, March 1st.

Ecovyst Trading Up 2.2 %

NYSE ECVT opened at $11.25 on Monday. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 22.96 and a beta of 0.91. Ecovyst Inc. has a one year low of $8.20 and a one year high of $11.75. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.03 and a quick ratio of 1.61. The business’s fifty day moving average is $10.84 and its 200-day moving average is $10.15.

Ecovyst (NYSE:ECVT – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $182.80 million for the quarter, compared to analysts’ expectations of $189.94 million. Ecovyst had a return on equity of 11.47% and a net margin of 8.04%. Equities research analysts predict that Ecovyst Inc. will post 0.83 EPS for the current year.

Insider Activity at Ecovyst

In other news, major shareholder Ccmp Capital, Lp sold 11,490,444 shares of the company’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $9.95, for a total transaction of $114,329,917.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Ecovyst Company Profile

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Ecovyst, Inc engages in the manufacture of specialty catalysts, materials and chemicals. It operates through the following segments: Refining Services, Catalysts and Performance Chemicals. The Refining Services segment offers sulfuric acid, virgin sulfuric acid, Oleum ECO services, sulfuric acid regeneration, aluminum sulfate, treatment services and industrial field services.