Bank of America Corp DE Has $14.22 Million Stake in Ecovyst Inc. $ECVT

Key Points

• Bank of America increased its Ecovyst stake by 62.1% in the first quarter, owning 1.11 million shares worth approximately $14.22 million, or 1.01% of the company.
• Institutional ownership remains high at 86.69%, with Arrowstreet Capital making the largest reported increase among major investors, expanding its position by 246.6%.
• Ecovyst beat quarterly expectations with adjusted EPS of $0.21 versus $0.19 expected and revenue of $249.95 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $13.90, above the reported $10.46 share price.

Bank of America Corp DE increased its holdings in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 62.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,106,009 shares of the company's stock after purchasing an additional 423,825 shares during the period. Bank of America Corp DE owned 1.01% of Ecovyst worth $14,223,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Ecovyst by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 11,112,611 shares of the company's stock valued at $108,126,000 after buying an additional 191,394 shares during the period. Rubric Capital Management LP grew its stake in Ecovyst by 1.0% during the fourth quarter. Rubric Capital Management LP now owns 10,500,000 shares of the company's stock worth $102,165,000 after buying an additional 100,000 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Ecovyst by 1.7% in the 1st 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 raised its position in shares of Ecovyst by 246.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,829,034 shares of the company's stock valued at $62,101,000 after buying an additional 3,435,942 shares in the last quarter. Finally, Oaktree Capital Management LP lifted its holdings in shares of Ecovyst by 48.8% during the 4th quarter. Oaktree Capital Management LP now owns 4,254,503 shares of the company's stock worth $41,396,000 after acquiring an additional 1,395,481 shares during the period. 86.69% of the stock is owned by institutional investors and hedge funds.

Ecovyst Stock Performance

Shares of ECVT stock opened at $10.46 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 0.84. The firm has a fifty day simple moving average of $11.84 and a two-hundred day simple moving average of $12.45. Ecovyst Inc. has a 12 month low of $7.41 and a 12 month high of $15.09. The firm has a market capitalization of $1.15 billion, a PE ratio of -19.74, a price-to-earnings-growth ratio of 0.45 and a beta of 1.10.

Ecovyst (NYSE:ECVT - Get Free Report) last posted its 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. The firm had revenue of $249.95 million during the quarter, compared to analyst estimates of $237.54 million. Ecovyst had a negative net margin of 7.05% and a positive return on equity of 13.83%. The business's revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 EPS. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. Analysts forecast that Ecovyst Inc. will post 0.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Freedom Capital raised Ecovyst to a "strong-buy" rating in a report on Monday, June 29th. Weiss Ratings restated a "sell (d-)" rating on shares of Ecovyst in a report on Monday, June 1st. BWS Financial reaffirmed a "buy" rating and issued a $16.00 price objective on shares of Ecovyst in a research note on Thursday, August 6th. Citigroup initiated coverage on shares of Ecovyst in a report on Wednesday, June 24th. They issued an "overweight" rating for the company. Finally, Wall Street Zen upgraded shares of Ecovyst from a "hold" rating to a "buy" rating in a research report on Sunday, August 16th. One 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's stock. According to data from MarketBeat.com, Ecovyst presently has an average rating of "Moderate Buy" and an average target price of $13.90.

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.

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