Patti Humble Acquires 24,875 Shares of Ecovyst (NYSE:ECVT) Stock

Ecovyst Inc. (NYSE:ECVT) Director Patti Humble bought 24,875 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 33,974 shares of the company’s stock, valued at $341,438.70. The trade was a 273.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ecovyst Trading Up 5.8%

Shares of ECVT stock opened at $10.55 on Wednesday. Ecovyst Inc. has a 1-year low of $7.41 and a 1-year high of $15.09. The firm has a market cap of $1.15 billion, a PE ratio of -19.90, a price-to-earnings-growth ratio of 0.44 and a beta of 1.07. The company has a 50-day moving average of $11.09 and a two-hundred day moving average of $12.31. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.70 and a quick ratio of 1.44.

Ecovyst (NYSE:ECVT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.21 earnings per share (EPS) for the quarter, beating 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 business had revenue of $249.96 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 EPS. The business’s revenue was up 24.9% on a year-over-year basis. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. On average, analysts predict that Ecovyst Inc. will post 0.6 EPS for the current year.

Hedge Funds Weigh In On Ecovyst

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in Ecovyst by 62.1% in the 1st quarter. Bank of America Corp DE now owns 1,106,009 shares of the company’s stock valued at $14,223,000 after purchasing an additional 423,825 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of Ecovyst in the 1st quarter valued at about $4,024,000. Dayah Capital LLC acquired a new position in shares of Ecovyst during the first quarter worth about $6,044,000. William Blair Investment Management LLC acquired a new position in shares of Ecovyst during the second quarter worth about $10,712,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Ecovyst during the second quarter worth approximately $2,794,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ECVT. Citigroup assumed coverage on Ecovyst in a research note on Wednesday, June 24th. They set an “overweight” rating on the stock. Freedom Capital raised Ecovyst to a “strong-buy” rating in a research note on Monday, June 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ecovyst in a report on Thursday, August 27th. Wall Street Zen raised Ecovyst from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $14.00 target price on shares of Ecovyst in a report on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $14.62.

Ecovyst Company Profile

Ecovyst Inc (NYSE: ECVT) is a global provider of specialty catalysts and related services used in refining, petrochemical, chemical, renewable-fuels and industrial applications. The company develops and manufactures zeolite-based catalysts, molecular sieves and other advanced materials that help customers improve chemical processes, product performance and emissions control.

Ecovyst also operates a specialty services business that provides sulfuric acid regeneration, spent-acid management, catalyst recovery and related environmental services.