Owls Nest Partners IA LLC increased its holdings in shares of Ecovyst Inc. (NYSE:ECVT – Free Report) by 10.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,826,120 shares of the company’s stock after purchasing an additional 175,060 shares during the quarter. Ecovyst accounts for about 4.9% of Owls Nest Partners IA LLC’s investment portfolio, making the stock its 9th largest holding. Owls Nest Partners IA LLC owned approximately 1.60% of Ecovyst worth $17,768,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Medina Value Partners LLC grew its stake in Ecovyst by 1.5% during the fourth quarter. Medina Value Partners LLC now owns 2,192,017 shares of the company’s stock worth $21,328,000 after buying an additional 31,877 shares during the period. Entropy Technologies LP purchased a new position in shares of Ecovyst in the 4th quarter valued at $260,000. Rubric Capital Management LP lifted its holdings in shares of Ecovyst by 1.0% during the 4th quarter. Rubric Capital Management LP now owns 10,500,000 shares of the company’s stock valued at $102,165,000 after acquiring an additional 100,000 shares in the last quarter. Brightline Capital Management LLC acquired a new position in shares of Ecovyst during the 4th quarter valued at $19,946,000. Finally, First Trust Advisors LP purchased a new stake in Ecovyst during the 4th quarter worth $633,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. KeyCorp raised their price objective on Ecovyst from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Citigroup increased their target price on Ecovyst from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Wall Street Zen raised Ecovyst from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ecovyst in a research note on Monday, June 1st. Finally, BWS Financial boosted their target price on shares of Ecovyst from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. 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. According to MarketBeat.com, Ecovyst presently has an average rating of “Moderate Buy” and a consensus target price of $14.20.
Ecovyst Stock Up 0.2%
Shares of NYSE ECVT opened at $13.12 on Monday. Ecovyst Inc. has a 1 year low of $7.39 and a 1 year high of $15.09. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -23.85, a PEG ratio of 0.61 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.13 and a current ratio of 2.38. The stock’s 50-day simple moving average is $13.73 and its 200-day simple moving average is $11.78.
Ecovyst (NYSE:ECVT – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. The business had revenue of $214.95 million for the quarter, compared to analysts’ expectations of $191.07 million. Ecovyst had a positive return on equity of 11.58% and a negative net margin of 7.71%.The company’s revenue was up 50.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 earnings per share. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. As a group, equities analysts anticipate that Ecovyst Inc. will post 0.56 earnings per share for the current fiscal 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.
Featured Articles
- Five stocks we like better than Ecovyst
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Want to see what other hedge funds are holding ECVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ecovyst Inc. (NYSE:ECVT – Free Report).
Receive News & Ratings for Ecovyst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecovyst and related companies with MarketBeat.com's FREE daily email newsletter.
