Ecovyst Inc. $ECVT Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in shares of Ecovyst Inc. (NYSE:ECVT) by 33.3% during the first quarter, Holdings Channel reports. The institutional investor owned 306,700 shares of the company’s stock after buying an additional 76,600 shares during the quarter. Renaissance Technologies LLC’s holdings in Ecovyst were worth $3,944,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Ecovyst by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 11,112,611 shares of the company’s stock worth $108,126,000 after acquiring an additional 191,394 shares during the last quarter. Rubric Capital Management LP grew its holdings in 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 increased its position in shares of Ecovyst by 1.7% in the 1st 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 during the last quarter. Arrowstreet Capital Limited Partnership increased its position 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 purchasing an additional 3,435,942 shares during the last quarter. Finally, Oaktree Capital Management LP raised its holdings in shares of Ecovyst by 48.8% in the 4th quarter. Oaktree Capital Management LP now owns 4,254,503 shares of the company’s stock valued at $41,396,000 after purchasing an additional 1,395,481 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ECVT shares. BWS Financial reaffirmed a “buy” rating and set a $16.00 price objective on shares of Ecovyst in a research report on Thursday. Wall Street Zen cut Ecovyst from a “strong-buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ecovyst in a report on Monday, June 1st. Freedom Capital raised Ecovyst to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Citigroup initiated coverage on Ecovyst in a report on Wednesday, June 24th. They issued an “overweight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.90.

Ecovyst Price Performance

Shares of ECVT opened at $10.34 on Friday. Ecovyst Inc. has a 1-year low of $7.41 and a 1-year high of $15.09. The stock has a market cap of $1.13 billion, a PE ratio of -19.50, a price-to-earnings-growth ratio of 0.51 and a beta of 1.10. 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 fifty day moving average price of $12.38 and a 200 day moving average price of $12.49.

Ecovyst (NYSE:ECVT) 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 positive return on equity of 13.78% and a negative net margin of 7.05%.The company had revenue of $249.95 million for the quarter, compared to analyst estimates of $237.54 million. During the same quarter last year, the company posted $0.12 earnings per share. The business’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. As a group, sell-side analysts anticipate that Ecovyst Inc. will post 0.56 EPS for the current 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.