224,400 Shares in Ecovyst Inc. $ECVT Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Ecovyst Inc. (NYSE:ECVT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 224,400 shares of the company’s stock, valued at approximately $2,794,000.

A number of other hedge funds have also added to or reduced their stakes in ECVT. Public Employees Retirement System of Ohio bought a new stake in Ecovyst during the 2nd quarter worth approximately $65,000. OP Asset Management Ltd purchased a new stake in shares of Ecovyst in the first quarter worth approximately $77,000. State of Wyoming purchased a new stake in shares of Ecovyst in the first quarter worth approximately $80,000. Russell Investments Group Ltd. bought a new position in shares of Ecovyst in the third quarter valued at approximately $87,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Ecovyst in the third quarter valued at approximately $89,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Stock Performance

ECVT stock opened at $10.07 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.70 and a debt-to-equity ratio of 0.84. The firm has a market cap of $1.10 billion, a PE ratio of -19.01, a P/E/G ratio of 0.45 and a beta of 1.07. The business has a 50 day moving average of $11.18 and a 200-day moving average of $12.34. Ecovyst Inc. has a 12-month low of $7.41 and a 12-month high of $15.09.

Ecovyst (NYSE:ECVT) last released its earnings results on Wednesday, August 5th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $249.96 million for the quarter, compared to analysts’ expectations of $237.54 million. Ecovyst had a positive return on equity of 13.83% and a negative net margin of 7.05%.The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 EPS. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. As a group, sell-side analysts expect that Ecovyst Inc. will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ECVT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $14.00 price target on shares of Ecovyst in a research report on Tuesday, September 1st. Freedom Capital raised shares of Ecovyst to a “strong-buy” rating in a report on Monday, June 29th. BWS Financial reiterated a “buy” rating and issued a $16.00 target price on shares of Ecovyst in a research note on Thursday, August 6th. Citigroup initiated coverage on shares of Ecovyst in a report on Wednesday, June 24th. They issued an “overweight” rating for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Ecovyst in a research report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ecovyst currently has a consensus rating of “Moderate Buy” and an average price target of $14.50.

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.