Clearline Capital LP Invests $1.47 Million in Ecovyst Inc. $ECVT

Clearline Capital LP acquired a new stake in shares of Ecovyst Inc. (NYSE:ECVT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 168,144 shares of the company’s stock, valued at approximately $1,473,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rubric Capital Management LP grew its position in Ecovyst by 120.9% in the 3rd 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 period. Oaktree Capital Management LP purchased a new stake in Ecovyst during the 3rd quarter valued at $25,045,000. Boston Partners lifted its holdings in shares of Ecovyst by 321.1% during the 2nd quarter. Boston Partners now owns 3,242,285 shares of the company’s stock valued at $26,785,000 after buying an additional 2,472,377 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Ecovyst by 221.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,590,044 shares of the company’s stock valued at $13,086,000 after buying an additional 1,095,228 shares during the period. Finally, Mangrove Partners IM LLC boosted its stake in shares of Ecovyst by 20.6% in the 3rd quarter. Mangrove Partners IM LLC now owns 5,474,057 shares of the company’s stock worth $47,953,000 after buying an additional 935,647 shares during the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Trading Up 0.2%

NYSE:ECVT opened at $11.47 on Friday. Ecovyst Inc. has a one year low of $5.24 and a one year high of $12.33. The business has a fifty day moving average price of $11.06 and a 200-day moving average price of $9.62. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -18.49, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.64 and a quick ratio of 2.42.

Ecovyst (NYSE:ECVT) last released its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.07. Ecovyst had a positive return on equity of 9.39% and a negative net margin of 9.27%.The company had revenue of $199.43 million for the quarter, compared to the consensus estimate of $184.85 million. During the same period in the previous year, the business earned $0.28 earnings per share. Ecovyst’s quarterly revenue was up 33.9% compared to the same quarter last year. Ecovyst has set its FY 2026 guidance at 0.450-0.650 EPS. Sell-side analysts forecast that Ecovyst Inc. will post 0.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. KeyCorp lifted their price objective on Ecovyst from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Deutsche Bank Aktiengesellschaft lowered their target price on Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Wall Street Zen upgraded Ecovyst from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, January 21st. Finally, Citigroup increased their price objective on shares of Ecovyst from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. Four equities 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.60.

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.