Hsbc Holdings PLC Boosts Stock Holdings in Ecovyst Inc. $ECVT

Hsbc Holdings PLC raised its stake in Ecovyst Inc. (NYSE:ECVT) by 39.9% during the second quarter, HoldingsChannel.com reports. The fund owned 434,094 shares of the company’s stock after purchasing an additional 123,772 shares during the quarter. Hsbc Holdings PLC’s holdings in Ecovyst were worth $5,348,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in shares of Ecovyst during the second quarter valued at about $65,000. OP Asset Management Ltd bought a new position in Ecovyst during the first quarter valued at approximately $77,000. State of Wyoming bought a new position in Ecovyst during the first quarter valued at approximately $80,000. Russell Investments Group Ltd. bought a new position in Ecovyst during the third quarter valued at approximately $87,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Ecovyst during the 3rd quarter valued at approximately $89,000. Institutional investors own 86.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ecovyst in a research note on Thursday, August 27th. Wall Street Zen lowered shares of Ecovyst from a “buy” rating to a “hold” rating in a report on Saturday, September 5th. BWS Financial reissued a “buy” rating and issued a $16.00 target price on shares of Ecovyst in a report on Thursday, August 6th. Citigroup started coverage on shares of Ecovyst in a research report on Wednesday, June 24th. They issued an “overweight” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $14.00 price target on shares of Ecovyst in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ecovyst has a consensus rating of “Moderate Buy” and an average price target of $14.50.

Ecovyst Trading Up 1.3%

ECVT opened at $10.25 on Thursday. The stock has a 50-day moving average of $11.22 and a 200 day moving average of $12.35. 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 market cap of $1.12 billion, a P/E ratio of -19.34, a P/E/G ratio of 0.45 and a beta of 1.07.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings data 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. The business had revenue of $249.96 million for the quarter, compared to the consensus estimate of $237.54 million. Ecovyst had a positive return on equity of 13.83% and a negative net margin of 7.05%.The company’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 earnings per share. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. As a group, research analysts forecast that Ecovyst Inc. will post 0.6 EPS for the current year.

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.