Ecovyst Inc. $ECVT Shares Purchased by Needham Investment Management LLC

Needham Investment Management LLC lifted its holdings in Ecovyst Inc. (NYSE:ECVT) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,020,000 shares of the company’s stock after acquiring an additional 40,000 shares during the quarter. Needham Investment Management LLC’s holdings in Ecovyst were worth $9,925,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Kestrel Investment Management Corp acquired a new stake in shares of Ecovyst during the fourth quarter worth approximately $3,965,000. Clearline Capital LP acquired a new stake in shares of Ecovyst during the 3rd quarter valued at about $1,473,000. Mangrove Partners IM LLC grew its stake in shares of Ecovyst by 20.6% in the 3rd quarter. Mangrove Partners IM LLC now owns 5,474,057 shares of the company’s stock valued at $47,953,000 after buying an additional 935,647 shares in the last quarter. Simcoe Capital Management LLC acquired a new position in Ecovyst in the third quarter worth approximately $6,725,000. Finally, Invenomic Capital Management LP bought a new position in Ecovyst during the third quarter valued at approximately $16,729,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Ecovyst Stock Performance

Ecovyst stock opened at $12.94 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.38 and a quick ratio of 2.13. The firm has a market capitalization of $1.42 billion, a P/E ratio of -23.53, a P/E/G ratio of 0.61 and a beta of 1.08. Ecovyst Inc. has a 52-week low of $7.39 and a 52-week high of $15.09. The stock has a fifty day moving average price of $13.73 and a two-hundred day moving average price of $11.80.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The business had revenue of $214.95 million for the quarter, compared to analyst estimates of $191.07 million. Ecovyst had a positive return on equity of 11.58% and a negative net margin of 7.71%.The firm’s revenue for the quarter was up 50.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 earnings per share. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. As a group, analysts anticipate that Ecovyst Inc. will post 0.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ECVT has been the subject of a number of analyst reports. BWS Financial boosted their price target on Ecovyst from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen raised shares of Ecovyst from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ecovyst in a report on Monday, June 1st. KeyCorp boosted their target price on shares of Ecovyst from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Finally, Citigroup boosted their price objective on Ecovyst from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $14.20.

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.