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

Key Points

• Virginia Retirement Systems purchased 224,400 Ecovyst shares worth approximately $2.8 million, representing about 0.20% of the company. Institutional investors and hedge funds collectively own 86.69% of Ecovyst.
• Ecovyst’s latest quarterly results exceeded expectations, with earnings of $0.21 per share versus the $0.19 consensus estimate and revenue of $249.96 million, up 24.9% year over year.
• Shares recently traded at $10.07, down 1.7%, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $14.50.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 224,400 shares of the company's stock, valued at approximately $2,794,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.20% of Ecovyst at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Ecovyst in the 2nd quarter valued at about $65,000. OP Asset Management Ltd acquired a new stake in Ecovyst during the first quarter worth approximately $77,000. State of Wyoming acquired a new stake in Ecovyst during the first quarter worth approximately $80,000. Russell Investments Group Ltd. bought a new stake in Ecovyst in the third quarter worth approximately $87,000. Finally, Landscape Capital Management L.L.C. acquired a new position in Ecovyst in the third quarter valued at approximately $89,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Ecovyst Trading Down 1.7%

Shares of Ecovyst stock opened at $10.07 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.44 and a current ratio of 1.70. Ecovyst Inc. has a 52 week low of $7.41 and a 52 week high of $15.09. The stock has a 50 day moving average price of $11.18 and a two-hundred day moving average price of $12.34. The stock has a market capitalization of $1.10 billion, a PE ratio of -19.01, a price-to-earnings-growth ratio of 0.45 and a beta of 1.07.

Ecovyst (NYSE:ECVT - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $249.96 million for the quarter, compared to analyst estimates of $237.54 million. During the same period in the prior year, the firm earned $0.12 earnings per share. Ecovyst's revenue for the quarter was up 24.9% on a year-over-year basis. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. As a group, equities analysts anticipate that Ecovyst Inc. will post 0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ECVT has been the topic of a number of research analyst reports. Citigroup initiated coverage on Ecovyst in a report on Wednesday, June 24th. They set an "overweight" rating on the stock. Freedom Capital upgraded shares of Ecovyst to a "strong-buy" rating in a research report on Monday, June 29th. Wall Street Zen lowered shares of Ecovyst from a "buy" rating to a "hold" rating in a research note on Saturday, September 5th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $14.00 target price on shares of Ecovyst in a research note on Tuesday, September 1st. Finally, BWS Financial reaffirmed a "buy" rating and issued a $16.00 price target on shares of Ecovyst in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $14.50.

Ecovyst 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.

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