54,291 Shares in Ecovyst Inc. $ECVT Bought by Fifth Third Bancorp

Fifth Third Bancorp acquired a new position in shares of Ecovyst Inc. (NYSE:ECVT) in the first quarter, Holdings Channel reports. The institutional investor acquired 54,291 shares of the company’s stock, valued at approximately $698,000.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in Ecovyst by 8.6% during the 1st quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock worth $279,000 after purchasing an additional 3,571 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Ecovyst by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock valued at $428,000 after buying an additional 2,874 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Ecovyst by 7.5% during the first quarter. Empowered Funds LLC now owns 344,030 shares of the company’s stock valued at $2,133,000 after buying an additional 23,951 shares during the last quarter. Jane Street Group LLC grew its holdings in Ecovyst by 954.1% during the first quarter. Jane Street Group LLC now owns 141,532 shares of the company’s stock worth $877,000 after buying an additional 128,105 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Ecovyst during the second quarter worth $129,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on ECVT. Weiss Ratings reissued a “sell (d-)” rating on shares of Ecovyst in a research report on Monday, June 1st. Freedom Capital upgraded shares of Ecovyst to a “strong-buy” rating in a research note on Monday, June 29th. Citigroup started coverage on shares of Ecovyst in a report on Wednesday, June 24th. They issued an “overweight” rating for the company. Finally, Wall Street Zen raised shares of Ecovyst from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.90.

Ecovyst Stock Performance

ECVT stock opened at $12.26 on Tuesday. The firm has a market cap of $1.34 billion, a PE ratio of -22.29, a P/E/G ratio of 0.58 and a beta of 1.10. The company has a quick ratio of 2.13, a current ratio of 2.38 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average of $12.74 and a 200-day moving average of $12.43. Ecovyst Inc. has a 12-month low of $7.41 and a 12-month high of $15.09.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The company had revenue of $214.95 million during the quarter, compared to the consensus estimate of $191.07 million. Ecovyst had a positive return on equity of 11.58% and a negative net margin of 7.71%.Ecovyst’s revenue was up 50.2% on a year-over-year basis. During the same period last year, the business posted $0.01 earnings per share. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. As a group, sell-side analysts expect that Ecovyst Inc. will post 0.56 earnings per share for the current year.

Ecovyst Profile

Ecovyst Inc is a global specialty chemicals company that develops, manufactures and markets performance-enhancing products for industrial applications. The company’s core offerings include catalysts, phosphorus-based additives and barium carbonate materials, all designed to improve process efficiency, product quality and environmental performance. Ecovyst serves a diverse customer base in the energy, refining, chemical, polymer, food and consumer goods industries.

The company’s Catalysts segment supplies fluid catalytic cracking (FCC) and hydroprocessing catalysts that help petroleum refiners maximize fuel yield, reduce sulfur emissions and meet increasingly stringent environmental standards.