Clear Harbor Asset Management LLC Invests $773,000 in Ecovyst Inc. $ECVT

Clear Harbor Asset Management LLC bought a new stake in Ecovyst Inc. (NYSE:ECVT) during the second quarter, HoldingsChannel reports. The institutional investor bought 62,075 shares of the company’s stock, valued at approximately $773,000.

A number of other institutional investors have also modified their holdings of ECVT. Royal Bank of Canada boosted its holdings in Ecovyst by 8.6% in the first quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock valued at $279,000 after purchasing an additional 3,571 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Ecovyst by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock valued at $428,000 after purchasing an additional 2,874 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Ecovyst by 7.5% in the 1st 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 period. Jane Street Group LLC boosted its stake in shares of Ecovyst by 954.1% in the 1st quarter. Jane Street Group LLC now owns 141,532 shares of the company’s stock valued at $877,000 after buying an additional 128,105 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Ecovyst during the second quarter worth about $129,000. 86.69% of the stock is owned by institutional investors and hedge funds.

Ecovyst Trading Up 0.2%

Shares of Ecovyst stock opened at $10.46 on Monday. The company has a fifty day simple moving average of $11.84 and a 200-day simple moving average of $12.46. Ecovyst Inc. has a 12-month low of $7.41 and a 12-month high of $15.09. The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -19.74, a PEG ratio of 0.45 and a beta of 1.10.

Ecovyst (NYSE:ECVT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Ecovyst had a positive return on equity of 13.83% and a negative net margin of 7.05%.The firm had revenue of $249.95 million for the quarter, compared to the consensus estimate of $237.54 million. During the same quarter last year, the business posted $0.12 EPS. The firm’s quarterly revenue was up 24.9% compared to the same quarter last year. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. On average, equities analysts forecast that Ecovyst Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ECVT shares. Wall Street Zen upgraded shares of Ecovyst from a “hold” rating to a “buy” rating in a research note on Sunday, August 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ecovyst in a research note on Monday, June 1st. BWS Financial reiterated a “buy” rating and set a $16.00 price target on shares of Ecovyst in a report on Thursday, August 6th. Citigroup began coverage on shares of Ecovyst in a research report on Wednesday, June 24th. They issued an “overweight” rating on the stock. Finally, Freedom Capital upgraded shares of Ecovyst to a “strong-buy” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $13.90.

About Ecovyst

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.