BlackRock Inc. Makes New Investment in Ecovyst Inc. $ECVT

Key Points

• BlackRock acquired 10.7 million Ecovyst shares worth approximately $132.8 million, giving it a 9.75% stake. Institutional investors collectively own 86.69% of the company.
• Analyst sentiment is generally positive: Ecovyst has a consensus “Moderate Buy” rating and a $13.90 average price target, compared with shares opening at $10.10.
• Ecovyst exceeded quarterly expectations, reporting $0.21 in EPS versus a $0.19 estimate and $249.96 million in revenue, up 24.9% year over year. The company projects fiscal 2026 EPS of $0.58 to $0.72.

BlackRock Inc. acquired a new stake in Ecovyst Inc. (NYSE:ECVT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,666,032 shares of the company's stock, valued at approximately $132,792,000. BlackRock Inc. owned about 9.75% of Ecovyst as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ECVT. Vanguard Group Inc. grew its holdings in shares of Ecovyst by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 11,112,611 shares of the company's stock worth $108,126,000 after purchasing an additional 191,394 shares during the period. Rubric Capital Management LP boosted its position in shares of Ecovyst by 1.0% during the 4th quarter. Rubric Capital Management LP now owns 10,500,000 shares of the company's stock worth $102,165,000 after acquiring an additional 100,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ecovyst by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 6,498,654 shares of the company's stock valued at $83,573,000 after purchasing an additional 111,376 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings 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 grew its holdings in shares of Ecovyst by 48.8% during the fourth quarter. Oaktree Capital Management LP now owns 4,254,503 shares of the company's stock worth $41,396,000 after purchasing an additional 1,395,481 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on ECVT. Citigroup started coverage on Ecovyst in a report on Wednesday, June 24th. They issued an "overweight" rating for the company. BWS Financial reissued a "buy" rating and issued a $16.00 price objective on shares of Ecovyst in a research report on Thursday, August 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Ecovyst in a research report on Monday, June 1st. Wall Street Zen raised Ecovyst from a "hold" rating to a "buy" rating in a report on Sunday, August 16th. Finally, Freedom Capital raised Ecovyst to a "strong-buy" rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Ecovyst presently has a consensus rating of "Moderate Buy" and a consensus price target of $13.90.

Ecovyst Trading Down 0.5%

Shares of NYSE ECVT opened at $10.10 on Friday. Ecovyst Inc. has a 1-year low of $7.41 and a 1-year high of $15.09. The company has a 50-day moving average of $11.57 and a two-hundred day moving average of $12.42. The company has a market cap of $1.11 billion, a PE ratio of -19.06, a P/E/G ratio of 0.44 and a beta of 1.10. 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 - Get Free Report) last issued its quarterly earnings data 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 negative net margin of 7.05% and a positive return on equity of 13.83%. The company had revenue of $249.96 million during the quarter, compared to the consensus estimate of $237.54 million. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The firm'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, equities analysts expect that Ecovyst Inc. will post 0.6 earnings per share for the current fiscal year.

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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