Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 571,901 shares of the company's stock, valued at approximately $7,120,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.52% of Ecovyst as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of ECVT. OP Asset Management Ltd acquired a new stake in shares of Ecovyst in the first quarter worth $77,000. State of Wyoming bought a new position in Ecovyst in the 1st quarter worth $80,000. Russell Investments Group Ltd. acquired a new position in Ecovyst during the 3rd quarter worth $87,000. Landscape Capital Management L.L.C. bought a new stake in Ecovyst during the third quarter valued at about $89,000. Finally, PharVision Advisers LLC acquired a new stake in shares of Ecovyst in the third quarter valued at about $101,000. Institutional investors own 86.69% of the company's stock.
Ecovyst Stock Up 0.5%
ECVT opened at $10.18 on Thursday. Ecovyst Inc. has a twelve month low of $7.41 and a twelve month high of $15.09. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -19.21, a PEG ratio of 0.44 and a beta of 1.10. The firm's 50-day simple moving average is $11.68 and its 200-day simple moving average is $12.44. 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 (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, beating analysts' consensus estimates of $0.19 by $0.02. The company had revenue of $249.96 million during the quarter, compared to analysts' expectations of $237.54 million. Ecovyst had a negative net margin of 7.05% and a positive return on equity of 13.83%. Ecovyst's quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. Equities research analysts anticipate that Ecovyst Inc. will post 0.6 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. BWS Financial reaffirmed a "buy" rating and issued a $16.00 target price on shares of Ecovyst in a report on Thursday, August 6th. Citigroup assumed coverage on shares of Ecovyst in a research note on Wednesday, June 24th. They set an "overweight" rating for the company. Wall Street Zen raised shares of Ecovyst from a "hold" rating to a "buy" rating in a research report on Sunday, August 16th. Weiss Ratings restated a "sell (d-)" rating on shares of Ecovyst in a research note on Monday, June 1st. Finally, Freedom Capital upgraded Ecovyst to a "strong-buy" rating in a research report 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 issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $13.90.
View Our Latest Analysis on ECVT
About Ecovyst
(
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.
Further Reading
Want to see what other hedge funds are holding ECVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ecovyst Inc. (NYSE:ECVT - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Ecovyst, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ecovyst wasn't on the list.
While Ecovyst currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
