Hsbc Holdings PLC Buys Shares of 310,322 Ecovyst Inc. $ECVT

Hsbc Holdings PLC purchased a new stake in Ecovyst Inc. (NYSE:ECVT) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 310,322 shares of the company’s stock, valued at approximately $4,024,000.

A number of other hedge funds have also modified their holdings of the business. OP Asset Management Ltd purchased a new stake in shares of Ecovyst in the 1st quarter valued at approximately $77,000. Russell Investments Group Ltd. purchased a new position in shares of Ecovyst during the 3rd quarter worth approximately $87,000. Landscape Capital Management L.L.C. purchased a new position in shares of Ecovyst during the 3rd quarter worth approximately $89,000. PharVision Advisers LLC acquired a new stake in Ecovyst in the 3rd quarter valued at approximately $101,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in Ecovyst in the 3rd quarter valued at approximately $109,000. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ECVT. Wall Street Zen upgraded Ecovyst from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ecovyst in a research note on Monday, June 1st. Freedom Capital raised shares of Ecovyst to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Citigroup started coverage on shares of Ecovyst in a research report on Wednesday, June 24th. They set an “overweight” rating on the stock. One 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 given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.90.

Ecovyst Stock Performance

Shares of ECVT stock opened at $12.48 on Friday. The stock’s 50-day moving average is $12.78 and its two-hundred day moving average is $12.40. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.13 and a current ratio of 2.38. Ecovyst Inc. has a 1 year low of $7.41 and a 1 year high of $15.09. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -22.69, a PEG ratio of 0.60 and a beta of 1.10.

Ecovyst (NYSE:ECVT) last announced its 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. Ecovyst had a negative net margin of 7.71% and a positive return on equity of 11.58%. The business had revenue of $214.95 million for the quarter, compared to analysts’ expectations of $191.07 million. During the same period in the previous year, the company posted $0.01 EPS. The company’s quarterly revenue was up 50.2% on a year-over-year basis. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. Analysts predict that Ecovyst Inc. will post 0.56 earnings per share for the current year.

Ecovyst Company 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.