Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 571,901 Ecovyst Inc. $ECVT

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Ecovyst Inc. (NYSE:ECVT) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 571,901 shares of the company’s stock, valued at approximately $7,120,000.

Several other large investors have also made changes to their positions in the company. OP Asset Management Ltd acquired a new stake in Ecovyst in the first quarter worth about $77,000. State of Wyoming bought a new position in shares of Ecovyst in the 1st quarter valued at about $80,000. Russell Investments Group Ltd. acquired a new stake in shares of Ecovyst during the 3rd quarter worth approximately $87,000. Landscape Capital Management L.L.C. bought a new stake in shares of Ecovyst during the third quarter worth approximately $89,000. Finally, PharVision Advisers LLC bought a new stake in shares of Ecovyst during the third quarter worth approximately $101,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Analyst Upgrades and Downgrades

ECVT has been the topic of several recent research reports. Wall Street Zen upgraded Ecovyst from a “hold” rating to a “buy” rating in a research report on Sunday, August 16th. BWS Financial reiterated a “buy” rating and issued a $16.00 price target on shares of Ecovyst in a research report on Thursday, August 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ecovyst in a research report on Monday, June 1st. Freedom Capital raised shares of Ecovyst to a “strong-buy” rating in a report on Monday, June 29th. Finally, Citigroup assumed coverage on shares of Ecovyst in a research report on Wednesday, June 24th. They issued an “overweight” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.90.

Ecovyst Price Performance

Shares of NYSE ECVT opened at $10.18 on Thursday. The firm has a market cap of $1.11 billion, a PE ratio of -19.21, a PEG ratio of 0.44 and a beta of 1.10. The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 0.84. Ecovyst Inc. has a 1-year low of $7.41 and a 1-year high of $15.09. The company has a fifty day moving average price of $11.68 and a 200 day moving average price of $12.44.

Ecovyst (NYSE:ECVT) last released 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 firm had revenue of $249.96 million for the quarter, compared to the consensus estimate of $237.54 million. Ecovyst had a positive return on equity of 13.83% and a negative net margin of 7.05%.The company’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same quarter last year, the business posted $0.12 EPS. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. Research analysts predict that Ecovyst Inc. will post 0.6 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.