Fifth Third Bancorp Purchases Shares of 54,291 Ecovyst Inc. $ECVT

Fifth Third Bancorp acquired a new position in shares of Ecovyst Inc. (NYSE:ECVT) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 54,291 shares of the company’s stock, valued at approximately $698,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ECVT. Hsbc Holdings PLC bought a new position in shares of Ecovyst in the first quarter valued at about $4,024,000. Summit Securities Group LLC acquired a new position in Ecovyst in the 1st quarter valued at about $154,000. Y Intercept Hong Kong Ltd acquired a new stake in Ecovyst during the first quarter worth approximately $642,000. Strs Ohio lifted its position in Ecovyst by 6,125.0% during the first quarter. Strs Ohio now owns 24,900 shares of the company’s stock worth $320,000 after acquiring an additional 24,500 shares during the last quarter. Finally, OP Asset Management Ltd bought a new stake in shares of Ecovyst during the first quarter worth approximately $77,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Ecovyst Stock Performance

Shares of NYSE:ECVT opened at $12.26 on Tuesday. The company’s 50 day moving average price is $12.74 and its two-hundred day moving average price is $12.43. Ecovyst Inc. has a 12-month low of $7.41 and a 12-month high of $15.09. The firm has a market cap of $1.34 billion, a PE ratio of -22.29, a PEG ratio of 0.58 and a beta of 1.10. The company has a quick ratio of 2.13, a current ratio of 2.38 and a debt-to-equity ratio of 0.68.

Ecovyst (NYSE:ECVT) last announced its earnings results on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. The company had revenue of $214.95 million for the quarter, compared to analysts’ expectations of $191.07 million. Ecovyst had a negative net margin of 7.71% and a positive return on equity of 11.58%. The business’s revenue for the quarter was up 50.2% on a year-over-year basis. During the same period last year, the firm earned $0.01 earnings per share. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. Equities research analysts predict 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.