Vanguard Group Inc. lifted its position in Ecovyst Inc. (NYSE:ECVT – Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,112,611 shares of the company’s stock after purchasing an additional 191,394 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Ecovyst worth $108,126,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in ECVT. Rubric Capital Management LP increased its holdings in shares of Ecovyst by 120.9% in the third quarter. Rubric Capital Management LP now owns 10,400,000 shares of the company’s stock worth $91,104,000 after purchasing an additional 5,692,653 shares during the last quarter. Oaktree Capital Management LP bought a new stake in Ecovyst during the third quarter worth approximately $25,045,000. Invenomic Capital Management LP bought a new stake in Ecovyst during the third quarter worth approximately $16,729,000. Ameriprise Financial Inc. increased its stake in Ecovyst by 221.3% during the second quarter. Ameriprise Financial Inc. now owns 1,590,044 shares of the company’s stock worth $13,086,000 after acquiring an additional 1,095,228 shares during the last quarter. Finally, Mangrove Partners IM LLC increased its stake in Ecovyst by 20.6% during the third quarter. Mangrove Partners IM LLC now owns 5,474,057 shares of the company’s stock worth $47,953,000 after acquiring an additional 935,647 shares during the last quarter. 86.69% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have weighed in on the company. Wall Street Zen raised Ecovyst from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. BWS Financial lifted their target price on Ecovyst from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Citigroup lifted their target price on Ecovyst from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, January 21st. Finally, KeyCorp lifted their target price on Ecovyst from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.20.
Ecovyst Stock Up 1.1%
NYSE:ECVT opened at $14.58 on Wednesday. Ecovyst Inc. has a twelve month low of $7.03 and a twelve month high of $14.94. The stock has a fifty day simple moving average of $12.99 and a 200-day simple moving average of $10.94. The company has a market cap of $1.60 billion, a price-to-earnings ratio of -26.51, a price-to-earnings-growth ratio of 2.03 and a beta of 1.12. The company has a current ratio of 2.38, a quick ratio of 2.13 and a debt-to-equity ratio of 0.68.
Ecovyst (NYSE:ECVT – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Ecovyst had a negative net margin of 7.71% and a positive return on equity of 11.58%. The company had revenue of $214.95 million during the quarter, compared to analyst estimates of $191.07 million. During the same period in the prior year, the firm earned $0.01 earnings per share. The firm’s revenue for the quarter was up 50.2% compared to the same quarter last year. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. Analysts anticipate that Ecovyst Inc. will post 0.49 EPS for the current year.
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.
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