Ecovyst (NYSE:ECVT) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Ecovyst (NYSE:ECVT) from a buy rating to a hold rating in a research note released on Sunday morning,Wall Street Zen reports.

ECVT has been the subject of a number of other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ecovyst in a research report on Thursday, August 27th. BWS Financial restated a “buy” rating and set a $16.00 price objective on shares of Ecovyst in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $14.00 price target on shares of Ecovyst in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.62.

Ecovyst Trading Down 0.2%

Shares of ECVT stock opened at $10.10 on Friday. Ecovyst has a 1 year low of $7.41 and a 1 year high of $15.09. The firm has a market capitalization of $1.11 billion, a P/E ratio of -19.06, a price-to-earnings-growth ratio of 0.45 and a beta of 1.08. The firm’s fifty day simple moving average is $10.16 and its 200 day simple moving average is $11.78. 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 earnings results on Wednesday, August 5th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $249.96 million for the quarter, compared to the consensus estimate of $237.54 million. Ecovyst had a negative net margin of 7.05% and a positive return on equity of 13.83%. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.12 earnings per share. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. As a group, sell-side analysts predict that Ecovyst will post 0.60 EPS for the current year.

Insider Buying and Selling at Ecovyst

In other Ecovyst news, Director Patti Humble purchased 24,875 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average cost of $10.05 per share, for a total transaction of $249,993.75. Following the purchase, the director directly owned 33,974 shares in the company, valued at $341,438.70. The trade was a 273.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.84% of the company’s stock.

Institutional Trading of Ecovyst

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sterling Capital Management LLC raised its stake in shares of Ecovyst by 7.8% in the 3rd quarter. Sterling Capital Management LLC now owns 34,591 shares of the company’s stock valued at $340,000 after acquiring an additional 2,507 shares during the period. Farther Finance Advisors LLC raised its position in shares of Ecovyst by 701.3% in the third quarter. Farther Finance Advisors LLC now owns 3,622 shares of the company’s stock valued at $36,000 after buying an additional 3,170 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Ecovyst during the second quarter worth about $65,000. State of Wyoming purchased a new position in Ecovyst in the first quarter valued at about $80,000. Finally, Nisa Investment Advisors LLC increased its position in Ecovyst by 75.9% in the third quarter. Nisa Investment Advisors LLC now owns 18,659 shares of the company’s stock worth $183,000 after buying an additional 8,053 shares during the period. 86.69% of the stock is currently owned by institutional investors and hedge funds.

About Ecovyst

Ecovyst Inc (NYSE: ECVT) is a global provider of specialty catalysts and advanced materials used in industrial and environmental applications. The company develops, manufactures and supplies products that help customers improve process efficiency, increase yields and meet emissions and sustainability requirements.

Through its Catalysts Technologies business, Ecovyst provides catalysts and related services for petroleum refining, renewable fuels, petrochemicals and other chemical processes.