Legal & General Group Plc Buys New Shares in Ecovyst Inc. $ECVT

Legal & General Group Plc bought a new position in Ecovyst Inc. (NYSE:ECVT) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 103,061 shares of the company’s stock, valued at approximately $1,283,000.

Several other hedge funds have also added to or reduced their stakes in ECVT. The Manufacturers Life Insurance Company purchased a new stake in Ecovyst during the second quarter valued at about $619,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Ecovyst in the second quarter worth about $7,120,000. Clear Harbor Asset Management LLC bought a new stake in shares of Ecovyst in the 2nd quarter valued at about $773,000. Compass Financial Management LLC purchased a new stake in Ecovyst during the 2nd quarter valued at about $305,000. Finally, William Blair Investment Management LLC purchased a new stake in Ecovyst during the 2nd quarter valued at about $10,712,000. 86.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

ECVT has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $14.00 price target on shares of Ecovyst in a research note on Tuesday, September 1st. Wall Street Zen cut shares of Ecovyst from a “buy” rating to a “hold” rating in a report on Saturday. Freedom Capital raised shares of Ecovyst to a “strong-buy” rating in a research note on Monday, June 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ecovyst in a report on Thursday, August 27th. Finally, BWS Financial reissued a “buy” rating and set a $16.00 price target on shares of Ecovyst in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.50.

Ecovyst Price Performance

Shares of NYSE:ECVT opened at $10.21 on Monday. The stock’s 50-day moving average is $11.34 and its 200 day moving average is $12.38. The company has a market cap of $1.12 billion, a PE ratio of -19.26, a P/E/G ratio of 0.45 and a beta of 1.07. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.70 and a quick ratio of 1.44. Ecovyst Inc. has a 1 year low of $7.41 and a 1 year high of $15.09.

Ecovyst (NYSE:ECVT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $249.96 million during the quarter, compared to analysts’ expectations of $237.54 million. During the same quarter last year, the business posted $0.12 EPS. The business’s revenue was up 24.9% on a year-over-year basis. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. Sell-side analysts anticipate that Ecovyst Inc. will post 0.6 EPS 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.