Legal & General Group Plc bought a new stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 103,061 shares of the company's stock, valued at approximately $1,283,000. Legal & General Group Plc owned approximately 0.09% of Ecovyst as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company bought a new position in shares of Ecovyst in the second quarter valued at approximately $619,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Ecovyst in the 2nd quarter worth approximately $7,120,000. Clear Harbor Asset Management LLC purchased a new position in shares of Ecovyst during the 2nd quarter valued at $773,000. Compass Financial Management LLC bought a new position in shares of Ecovyst in the second quarter worth $305,000. Finally, William Blair Investment Management LLC bought a new position in shares of Ecovyst in the second quarter worth $10,712,000. 86.69% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts recently issued reports on ECVT shares. Freedom Capital raised Ecovyst to a "strong-buy" rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $14.00 price target on shares of Ecovyst in a report on Tuesday, September 1st. Wall Street Zen downgraded Ecovyst from a "buy" rating to a "hold" rating in a research report on Saturday. BWS Financial reissued a "buy" rating and set a $16.00 price objective on shares of Ecovyst in a report on Thursday, August 6th. Finally, Citigroup initiated coverage on shares of Ecovyst in a research report on Wednesday, June 24th. They issued an "overweight" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Ecovyst presently has a consensus rating of "Moderate Buy" and an average target price of $14.50.
Get Our Latest Stock Report on Ecovyst
Ecovyst Price Performance
ECVT opened at $10.21 on Monday. The stock has a market cap of $1.12 billion, a PE ratio of -19.26, a P/E/G ratio of 0.45 and a beta of 1.07. The company has a quick ratio of 1.44, a current ratio of 1.70 and a debt-to-equity ratio of 0.84. Ecovyst Inc. has a 52 week low of $7.41 and a 52 week high of $15.09. The business's fifty day simple moving average is $11.34 and its 200 day simple moving average is $12.38.
Ecovyst (NYSE:ECVT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. Ecovyst had a positive return on equity of 13.83% and a negative net margin of 7.05%.The firm had revenue of $249.96 million during the quarter, compared to analyst estimates of $237.54 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company's revenue was up 24.9% compared to the same quarter last year. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. As a group, research analysts expect that Ecovyst Inc. will post 0.6 earnings per share for the current fiscal year.
Ecovyst Profile
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Free Report)
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.
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