575,365 Shares in Ecovyst Inc. $ECVT Acquired by Empowered Funds LLC

Empowered Funds LLC acquired a new stake in Ecovyst Inc. (NYSE:ECVT) in the second quarter, according to its most recent filing with the SEC. The fund acquired 575,365 shares of the company’s stock, valued at approximately $7,163,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Ecovyst during the second quarter worth $65,000. OP Asset Management Ltd purchased a new position in shares of Ecovyst in the first quarter valued at $77,000. State of Wyoming bought a new stake in shares of Ecovyst during the 1st quarter valued at $80,000. Russell Investments Group Ltd. bought a new stake in shares of Ecovyst during the 3rd quarter valued at $87,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Ecovyst during the 3rd quarter worth about $89,000. Institutional investors own 86.69% of the company’s stock.

Ecovyst Stock Performance

NYSE:ECVT opened at $10.10 on Monday. The business’s 50-day moving average price is $11.57 and its two-hundred day moving average price is $12.43. Ecovyst Inc. has a twelve month low of $7.41 and a twelve month high of $15.09. The stock has a market cap of $1.11 billion, a P/E ratio of -19.06, a PEG ratio of 0.44 and a beta of 1.10. The company has a quick ratio of 1.44, a current ratio of 1.70 and a debt-to-equity ratio of 0.84.

Ecovyst (NYSE:ECVT) last announced its earnings results on Wednesday, August 5th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $249.96 million for the quarter, compared to the consensus estimate of $237.54 million. Ecovyst had a negative net margin of 7.05% and a positive return on equity of 13.83%. Ecovyst’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. As a group, equities analysts predict that Ecovyst Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.