Bank of New York Mellon Corp Invests $4.95 Million in Ecovyst Inc. $ECVT

Key Points

• Bank of New York Mellon acquired 397,180 shares of Ecovyst, valued at approximately $4.95 million, giving it a 0.36% stake. Institutional investors collectively own 86.69% of the company.
• Ecovyst reported quarterly revenue of $249.96 million and earnings of $0.21 per share, exceeding analyst expectations, while revenue increased 24.9% year over year.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $14.50, compared with the stock’s recent price of $10.21.

Bank of New York Mellon Corp bought a new stake in Ecovyst Inc. (NYSE:ECVT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 397,180 shares of the company's stock, valued at approximately $4,945,000. Bank of New York Mellon Corp owned about 0.36% of Ecovyst at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ECVT. Creative Planning boosted its stake in shares of Ecovyst by 4.8% in the 3rd quarter. Creative Planning now owns 28,622 shares of the company's stock worth $251,000 after buying an additional 1,311 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Ecovyst by 4.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,292 shares of the company's stock worth $449,000 after buying an additional 2,124 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Ecovyst by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company's stock worth $428,000 after acquiring an additional 2,874 shares during the period. Royal Bank of Canada boosted its stake in Ecovyst by 8.6% in the first quarter. Royal Bank of Canada now owns 45,069 shares of the company's stock valued at $279,000 after acquiring an additional 3,571 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Ecovyst by 4.6% during the 4th quarter. Deutsche Bank AG now owns 84,462 shares of the company's stock worth $822,000 after acquiring an additional 3,729 shares during the period. 86.69% of the stock is owned by institutional investors.

Ecovyst Stock Performance

NYSE ECVT opened at $10.21 on Friday. The company has a market cap of $1.12 billion, a P/E ratio of -19.26, a P/E/G ratio of 0.45 and a beta of 1.07. Ecovyst Inc. has a 1-year low of $7.41 and a 1-year high of $15.09. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.70 and a quick ratio of 1.44. The stock has a 50-day moving average of $11.34 and a two-hundred day moving average of $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 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 company had revenue of $249.96 million for the quarter, compared to the consensus estimate of $237.54 million. During the same quarter in the prior year, the business earned $0.12 EPS. Ecovyst's revenue 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, analysts anticipate that Ecovyst Inc. will post 0.6 EPS for the current year.

Analyst Upgrades and Downgrades

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

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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