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

Wall Street Zen cut shares of Ecovyst (NYSE:ECVT) from a strong-buy rating to a hold rating in a research note released on Saturday morning.

Several other brokerages have also issued reports on ECVT. Freedom Capital raised shares of Ecovyst to a “strong-buy” rating in a report on Monday, June 29th. Citigroup initiated coverage on shares of Ecovyst in a report on Wednesday, June 24th. They set an “overweight” rating for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ecovyst in a research report on Monday, June 1st. Finally, BWS Financial reissued a “buy” rating and issued a $16.00 target price on shares of Ecovyst in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.90.

Ecovyst Price Performance

Shares of ECVT stock opened at $10.06 on Friday. Ecovyst has a 12 month low of $7.41 and a 12 month high of $15.09. The company has a market capitalization of $1.10 billion, a P/E ratio of -18.98, a P/E/G ratio of 0.48 and a beta of 1.10. The stock has a 50 day moving average of $12.32 and a two-hundred day moving average of $12.50. 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 (NYSE:ECVT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $249.95 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%.Ecovyst’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. As a group, equities analysts expect that Ecovyst will post 0.56 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ECVT. Kestrel Investment Management Corp acquired a new position in Ecovyst in the fourth quarter valued at about $3,965,000. Vanguard Group Inc. grew its stake in Ecovyst by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 11,112,611 shares of the company’s stock worth $108,126,000 after buying an additional 191,394 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Ecovyst during the first quarter worth about $4,024,000. Owls Nest Partners IA LLC increased its holdings in shares of Ecovyst by 10.6% during the fourth quarter. Owls Nest Partners IA LLC now owns 1,826,120 shares of the company’s stock worth $17,768,000 after buying an additional 175,060 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of 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 in the last quarter. 86.69% of the stock is owned by institutional investors.

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.