The Manufacturers Life Insurance Company Purchases Shares of 49,754 Ecovyst Inc. $ECVT

The Manufacturers Life Insurance Company acquired a new position in Ecovyst Inc. (NYSE:ECVT) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 49,754 shares of the company’s stock, valued at approximately $619,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OP Asset Management Ltd purchased a new position in shares of Ecovyst during the 1st quarter valued at $77,000. State of Wyoming bought a new stake in Ecovyst during the first quarter valued at about $80,000. Russell Investments Group Ltd. bought a new stake in Ecovyst during the third quarter valued at about $87,000. Landscape Capital Management L.L.C. purchased a new position in shares of Ecovyst in the third quarter valued at about $89,000. Finally, PharVision Advisers LLC purchased a new position in shares of Ecovyst in the third quarter valued at about $101,000. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Stock Performance

NYSE:ECVT opened at $10.21 on Monday. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -19.26, a PEG ratio of 0.45 and a beta of 1.07. Ecovyst Inc. has a 1 year low of $7.41 and a 1 year high of $15.09. The stock’s 50 day simple moving average is $11.34 and its two-hundred day simple moving average is $12.38. 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 posted its earnings results on Wednesday, August 5th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Ecovyst had a positive return on equity of 13.83% and a negative net margin of 7.05%.The firm had revenue of $249.96 million during the quarter, compared to the consensus estimate of $237.54 million. During the same period in the prior year, the company earned $0.12 EPS. The company’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. As a group, equities analysts anticipate that Ecovyst Inc. will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Ecovyst in a report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $14.00 price objective on shares of Ecovyst in a research report on Tuesday, September 1st. Wall Street Zen lowered shares of Ecovyst from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup began coverage on shares of Ecovyst in a research note on Wednesday, June 24th. They set an “overweight” rating for the company. Finally, Freedom Capital upgraded shares of Ecovyst to a “strong-buy” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.50.

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.