Empowered Funds LLC Makes New Investment in Ecovyst Inc. $ECVT

Key Points

• Empowered Funds LLC purchased 575,365 Ecovyst shares worth approximately $7.16 million, representing about 0.53% of the company. Institutional investors collectively own 86.69% of Ecovyst.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $13.90, despite ratings ranging from Sell to Strong Buy.
• Ecovyst exceeded quarterly expectations, reporting $0.21 in EPS versus $0.19 expected and $249.96 million in revenue, up 24.9% year over year. Shares opened at $10.10, below the company’s $13.90 consensus price target.

Empowered Funds LLC bought a new position in Ecovyst Inc. (NYSE:ECVT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 575,365 shares of the company's stock, valued at approximately $7,163,000. Empowered Funds LLC owned approximately 0.53% 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. Royal Bank of Canada boosted its holdings in Ecovyst by 8.6% during the first quarter. Royal Bank of Canada now owns 45,069 shares of the company's stock worth $279,000 after purchasing an additional 3,571 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ecovyst by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company's stock valued at $428,000 after buying an additional 2,874 shares during the last quarter. Jane Street Group LLC increased its stake in Ecovyst by 954.1% in the 1st quarter. Jane Street Group LLC now owns 141,532 shares of the company's stock valued at $877,000 after buying an additional 128,105 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Ecovyst during the 2nd quarter worth approximately $129,000. Finally, Squarepoint Ops LLC bought a new position in shares of Ecovyst during the 2nd quarter worth approximately $1,239,000. 86.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

ECVT has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Ecovyst in a report on Monday, June 1st. Wall Street Zen upgraded Ecovyst from a "hold" rating to a "buy" rating in a report on Sunday, August 16th. Citigroup started coverage on Ecovyst in a research report on Wednesday, June 24th. They issued an "overweight" rating on the stock. Freedom Capital upgraded Ecovyst to a "strong-buy" rating in a research note on Monday, June 29th. Finally, BWS Financial reaffirmed a "buy" rating and set a $16.00 target price on shares of Ecovyst in a research report on Thursday, August 6th. 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $13.90.

Ecovyst Stock Down 0.1%

Shares of NYSE ECVT opened at $10.10 on Monday. Ecovyst Inc. has a one year low of $7.41 and a one 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 business's fifty day moving average price is $11.57 and its 200-day moving average price is $12.43. The stock has a market capitalization of $1.11 billion, a PE ratio of -19.06, a P/E/G ratio of 0.44 and a beta of 1.10.

Ecovyst (NYSE:ECVT - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $237.54 million. During the same quarter in the prior year, the company earned $0.12 EPS. The firm's quarterly 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. On average, equities research analysts anticipate that Ecovyst Inc. will post 0.6 EPS for the current year.

Ecovyst Company 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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