Oaktree Capital Management LP Sells 1,860,712 Shares of Ecovyst Inc. $ECVT

Oaktree Capital Management LP reduced its stake in Ecovyst Inc. (NYSE:ECVT) by 43.7% in the 1st quarter, Holdings Channel reports. The firm owned 2,393,791 shares of the company’s stock after selling 1,860,712 shares during the period. Oaktree Capital Management LP’s holdings in Ecovyst were worth $30,784,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Ecovyst by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 11,112,611 shares of the company’s stock valued at $108,126,000 after purchasing an additional 191,394 shares during the period. Rubric Capital Management LP grew its stake in Ecovyst by 1.0% in the 4th quarter. Rubric Capital Management LP now owns 10,500,000 shares of the company’s stock valued at $102,165,000 after buying an additional 100,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Ecovyst by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,498,654 shares of the company’s stock worth $83,573,000 after acquiring an additional 111,376 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Ecovyst by 246.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,829,034 shares of the company’s stock valued at $62,101,000 after acquiring an additional 3,435,942 shares during the period. Finally, State Street Corp grew its position in shares of Ecovyst by 0.7% in the fourth quarter. State Street Corp now owns 2,543,242 shares of the company’s stock valued at $24,746,000 after purchasing an additional 17,702 shares during the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Citigroup initiated coverage on Ecovyst in a report on Wednesday, June 24th. They issued an “overweight” rating on the stock. Wall Street Zen upgraded shares of Ecovyst from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ecovyst in a research report on Monday, June 1st. Finally, Freedom Capital upgraded shares of Ecovyst to a “strong-buy” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ecovyst currently has a consensus rating of “Moderate Buy” and an average target price of $13.90.

Ecovyst Price Performance

Shares of ECVT stock opened at $12.01 on Thursday. Ecovyst Inc. has a 12 month low of $7.41 and a 12 month high of $15.09. The company has a market capitalization of $1.31 billion, a P/E ratio of -21.84, a P/E/G ratio of 0.57 and a beta of 1.10. The stock has a 50 day moving average of $12.67 and a two-hundred day moving average of $12.46. 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) last issued 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. The business had revenue of $214.95 million during the quarter, compared to analyst estimates of $191.07 million. Ecovyst had a positive return on equity of 11.58% and a negative net margin of 7.71%.Ecovyst’s revenue was up 50.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 earnings per share. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. As a group, equities analysts expect that Ecovyst Inc. will post 0.56 EPS 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.