SummitTX Capital L.P. Takes $5.02 Million Position in Ecovyst Inc. $ECVT

SummitTX Capital L.P. bought a new stake in Ecovyst Inc. (NYSE:ECVT) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 390,106 shares of the company’s stock, valued at approximately $5,017,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ECVT. OP Asset Management Ltd purchased a new stake in Ecovyst in the first quarter valued at $77,000. State of Wyoming acquired a new position in Ecovyst in the first quarter valued at $80,000. Russell Investments Group Ltd. purchased a new position in shares of Ecovyst during the third quarter worth about $87,000. Landscape Capital Management L.L.C. purchased a new position in shares of Ecovyst during the third quarter worth about $89,000. Finally, PharVision Advisers LLC acquired a new stake in shares of Ecovyst during the third quarter worth about $101,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ECVT. Freedom Capital raised Ecovyst to a “strong-buy” rating in a report on Monday, June 29th. Wall Street Zen upgraded Ecovyst from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ecovyst in a research report on Monday, June 1st. Finally, Citigroup initiated coverage on Ecovyst in a research note on Wednesday, June 24th. They issued an “overweight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.90.

Ecovyst Trading Down 1.6%

Shares of Ecovyst stock opened at $12.26 on Tuesday. Ecovyst Inc. has a 1 year low of $7.41 and a 1 year high of $15.09. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.13 and a current ratio of 2.38. The company has a market capitalization of $1.34 billion, a P/E ratio of -22.29, a PEG ratio of 0.58 and a beta of 1.10. The company’s fifty day moving average is $12.74 and its two-hundred day moving average is $12.43.

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

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.