Needham Investment Management LLC Grows Position in Ecovyst Inc. $ECVT

Needham Investment Management LLC lifted its position in shares of Ecovyst Inc. (NYSE:ECVT) by 4.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,020,000 shares of the company’s stock after purchasing an additional 40,000 shares during the quarter. Needham Investment Management LLC owned about 0.89% of Ecovyst worth $9,925,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Royal Bank of Canada grew its stake in Ecovyst by 8.6% during the first quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock worth $279,000 after buying an additional 3,571 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Ecovyst by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock valued at $428,000 after acquiring an additional 2,874 shares during the period. Empowered Funds LLC raised its stake in shares of Ecovyst by 7.5% in the 1st quarter. Empowered Funds LLC now owns 344,030 shares of the company’s stock valued at $2,133,000 after acquiring an additional 23,951 shares during the period. Jane Street Group LLC lifted its holdings in shares of Ecovyst by 954.1% during the 1st quarter. Jane Street Group LLC now owns 141,532 shares of the company’s stock valued at $877,000 after acquiring an additional 128,105 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Ecovyst during the 2nd quarter worth $129,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ECVT shares. BWS Financial increased their price target on Ecovyst from $12.00 to $16.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Citigroup upped 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. Wall Street Zen upgraded Ecovyst from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ecovyst in a report on Monday, June 1st. Finally, KeyCorp boosted their price target on Ecovyst from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.20.

Ecovyst Price Performance

Shares of NYSE ECVT opened at $12.94 on Tuesday. Ecovyst Inc. has a fifty-two week low of $7.39 and a fifty-two week high of $15.09. The business has a 50 day moving average price of $13.73 and a two-hundred day moving average price of $11.80. The company has a quick ratio of 2.13, a current ratio of 2.38 and a debt-to-equity ratio of 0.68. The firm has a market cap of $1.42 billion, a PE ratio of -23.53, a price-to-earnings-growth ratio of 0.61 and a beta of 1.08.

Ecovyst (NYSE:ECVT) last announced its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The company had revenue of $214.95 million for 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 quarterly revenue was up 50.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 EPS. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. Sell-side analysts expect that Ecovyst Inc. will post 0.56 earnings per share for the current fiscal 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.