Ecovyst (NYSE:ECVT) Rating Lowered to Hold at Wall Street Zen

Ecovyst (NYSE:ECVT) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

ECVT has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $14.00 price objective on shares of Ecovyst in a report on Tuesday, September 1st. Citigroup initiated coverage on shares of Ecovyst in a research report on Wednesday, June 24th. They set an “overweight” rating on the stock. Freedom Capital raised shares of Ecovyst to a “strong-buy” rating in a research note on Monday, June 29th. BWS Financial reaffirmed a “buy” rating and issued a $16.00 target price on shares of Ecovyst in a research note on Thursday, August 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ecovyst in a research report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Ecovyst currently has an average rating of “Moderate Buy” and a consensus price target of $14.62.

Ecovyst Trading Up 0.2%

ECVT stock opened at $10.07 on Friday. The company has a market cap of $1.10 billion, a P/E ratio of -19.01, a PEG ratio of 0.45 and a beta of 1.05. Ecovyst has a twelve month low of $7.41 and a twelve month high of $15.09. 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 business has a fifty day moving average of $10.33 and a 200-day moving average of $12.16.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $249.96 million for the quarter, compared to analyst estimates of $237.54 million. Ecovyst had a positive return on equity of 13.83% and a negative net margin of 7.05%. The firm’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 earnings per share. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. As a group, equities research analysts expect that Ecovyst will post 0.60 EPS for the current year.

Insider Buying and Selling at Ecovyst

In related news, Director Patti Humble purchased 24,875 shares of the business’s stock in a transaction dated Thursday, September 10th. The shares were bought at an average price of $10.05 per share, with a total value of $249,993.75. Following the purchase, the director directly owned 33,974 shares in the company, valued at $341,438.70. This trade represents a 273.38% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.84% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Ecovyst in the second quarter valued at about $132,792,000. Dimensional Fund Advisors LP lifted its stake in Ecovyst by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 6,498,654 shares of the company’s stock valued at $83,573,000 after buying an additional 111,376 shares during the period. 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 worth $62,101,000 after buying an additional 3,435,942 shares during the last quarter. First Wilshire Securities Management Inc. boosted its holdings in Ecovyst by 1.0% during the first quarter. First Wilshire Securities Management Inc. now owns 2,196,784 shares of the company’s stock worth $28,251,000 after buying an additional 21,850 shares during the last quarter. Finally, Medina Value Partners LLC boosted its holdings 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 last quarter. 86.69% of the stock is currently owned by institutional investors.

About Ecovyst

Ecovyst Inc (NYSE: ECVT) is a global specialty catalysts and services company serving the chemical, refining, pharmaceutical and industrial markets. Its products and services are designed to support chemical processing, resource recovery and the production of fuels and other materials.

The company operates through two primary business areas. Its Ecoservices business provides sulfuric acid recycling and regeneration, virgin sulfuric acid, and related chemical services used by refineries and industrial customers.