Bleakley Financial Group LLC Takes $1.14 Million Position in Ecovyst Inc. $ECVT

by · The Cerbat Gem

Bleakley Financial Group LLC acquired a new stake in Ecovyst Inc. (NYSE:ECVT – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 117,400 shares of the company’s stock, valued at approximately $1,142,000.

Several other hedge funds have also recently modified their holdings of the stock. Creative Planning lifted its holdings in shares of Ecovyst by 4.8% during the third quarter. Creative Planning now owns 28,622 shares of the company’s stock worth $251,000 after purchasing an additional 1,311 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ecovyst by 4.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,292 shares of the company’s stock valued at $449,000 after acquiring an additional 2,124 shares during the period. Arizona State Retirement System increased its position in shares of Ecovyst by 6.7% in the third quarter. Arizona State Retirement System now owns 34,740 shares of the company’s stock valued at $304,000 after buying an additional 2,195 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ecovyst by 4.3% in the first 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 in the last quarter. Finally, Royal Bank of Canada increased its position in shares of 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 buying an additional 3,571 shares in the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wall Street Zen upgraded Ecovyst from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. BWS Financial lifted their price objective on Ecovyst from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Citigroup lifted their price objective on Ecovyst from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, KeyCorp boosted their price target on Ecovyst from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ecovyst has an average rating of “Moderate Buy” and an average price target of $14.20.

View Our Latest Stock Report on ECVT

Ecovyst Price Performance

Shares of NYSE ECVT opened at $13.35 on Friday. Ecovyst Inc. has a twelve month low of $7.35 and a twelve month high of $15.09. The company has a current ratio of 2.38, a quick ratio of 2.13 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -24.28, a price-to-earnings-growth ratio of 1.85 and a beta of 1.12. The business has a 50 day simple moving average of $13.63 and a 200-day simple moving average of $11.43.

Ecovyst (NYSE:ECVT – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $214.95 million during the quarter, compared to the consensus estimate of $191.07 million. Ecovyst had a positive return on equity of 11.58% and a negative net margin of 7.71%.The business’s quarterly revenue was up 50.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.01 EPS. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. As a group, equities research analysts expect that Ecovyst Inc. will post 0.51 earnings per share for the current year.

Ecovyst Profile

(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.

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