Wedge Capital Management L L P NC Lowers Stake in Ecovyst Inc. $ECVT

Wedge Capital Management L L P NC lessened its stake in Ecovyst Inc. (NYSE:ECVT) by 27.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 187,022 shares of the company’s stock after selling 69,561 shares during the period. Wedge Capital Management L L P NC owned 0.17% of Ecovyst worth $2,328,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. OP Asset Management Ltd purchased a new position in Ecovyst during the first quarter worth about $77,000. State of Wyoming purchased a new stake in shares of Ecovyst in the 1st quarter worth about $80,000. Russell Investments Group Ltd. purchased a new stake in shares of Ecovyst in the third quarter valued at about $87,000. Landscape Capital Management L.L.C. acquired a new stake in Ecovyst during the 3rd quarter valued at $89,000. Finally, PharVision Advisers LLC acquired a new stake in shares of Ecovyst during the third quarter valued at $101,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Analyst Ratings Changes

ECVT has been the subject of several recent analyst reports. Wall Street Zen cut shares of Ecovyst from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Ecovyst in a report on Monday, June 1st. Citigroup initiated coverage on Ecovyst in a research note on Wednesday, June 24th. They set an “overweight” rating on the stock. Freedom Capital raised shares of Ecovyst to a “strong-buy” rating in a research report on Monday, June 29th. Finally, BWS Financial reissued a “buy” rating and issued a $16.00 price target on shares of Ecovyst in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Ecovyst currently has an average rating of “Moderate Buy” and an average target price of $13.90.

Ecovyst Stock Performance

Shares of NYSE ECVT opened at $10.08 on Friday. Ecovyst Inc. has a 12-month low of $7.41 and a 12-month high of $15.09. The company has a market cap of $1.10 billion, a PE ratio of -19.01, a P/E/G ratio of 0.46 and a beta of 1.10. The stock has a 50 day simple moving average of $12.14 and a 200-day simple moving average of $12.48. The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 0.84.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $249.95 million for the quarter, compared to analyst estimates of $237.54 million. Ecovyst had a positive return on equity of 13.83% and a negative net margin of 7.05%.The company’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. On average, equities research analysts forecast 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.