Clear Harbor Asset Management LLC Makes New Investment in Ecovyst Inc. $ECVT

Clear Harbor Asset Management LLC bought a new stake in shares of Ecovyst Inc. (NYSE:ECVT) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 62,075 shares of the company’s stock, valued at approximately $773,000. Clear Harbor Asset Management LLC owned about 0.06% of Ecovyst at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ECVT. OP Asset Management Ltd purchased a new stake in shares of Ecovyst during the first quarter worth approximately $77,000. State of Wyoming purchased a new position in Ecovyst in the 1st quarter valued at $80,000. Russell Investments Group Ltd. purchased a new position in Ecovyst in the 3rd quarter valued at $87,000. Landscape Capital Management L.L.C. acquired a new stake in Ecovyst during the 3rd quarter worth $89,000. Finally, PharVision Advisers LLC acquired a new stake in Ecovyst during the 3rd quarter worth $101,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Trading Up 0.2%

Shares of ECVT opened at $10.46 on Monday. 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 Inc. has a 12-month low of $7.41 and a 12-month high of $15.09. The firm has a 50-day moving average price of $11.84 and a 200 day moving average price of $12.46. The firm has a market capitalization of $1.15 billion, a P/E ratio of -19.74, a P/E/G ratio of 0.45 and a beta of 1.10.

Ecovyst (NYSE:ECVT) last issued its earnings results on Wednesday, August 5th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Ecovyst had a negative net margin of 7.05% and a positive return on equity of 13.83%. The company had revenue of $249.95 million for the quarter, compared to the consensus estimate of $237.54 million. During the same period in the previous year, the firm earned $0.12 earnings per share. Ecovyst’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. Sell-side analysts forecast that Ecovyst Inc. will post 0.6 EPS for the current year.

Wall Street Analyst Weigh In

ECVT has been the subject of a number of recent research reports. BWS Financial reiterated a “buy” rating and issued a $16.00 target price on shares of Ecovyst in a research report on Thursday, August 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Ecovyst in a research report on Monday, June 1st. Freedom Capital raised shares of Ecovyst to a “strong-buy” rating in a research note on Monday, June 29th. Citigroup assumed coverage on shares of Ecovyst in a report on Wednesday, June 24th. They issued an “overweight” rating for the company. Finally, Wall Street Zen raised shares of Ecovyst from a “hold” rating to a “buy” rating in a research note on Sunday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $13.90.

Ecovyst 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.