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

The Manufacturers Life Insurance Company acquired a new stake in Ecovyst Inc. (NYSE:ECVT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 49,754 shares of the company’s stock, valued at approximately $619,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Ecovyst during the 2nd quarter valued at approximately $7,120,000. Clear Harbor Asset Management LLC purchased a new position in Ecovyst during the second quarter worth $773,000. Compass Financial Management LLC bought a new position in Ecovyst during the second quarter valued at $305,000. William Blair Investment Management LLC bought a new position in Ecovyst during the second quarter valued at $10,712,000. Finally, BlackRock Inc. purchased a new stake in shares of Ecovyst in the second quarter valued at $132,792,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen cut shares of Ecovyst from a “buy” rating to a “hold” rating in a research note on Saturday. BWS Financial reissued a “buy” rating and issued a $16.00 price objective on shares of Ecovyst in a research report on Thursday, August 6th. Citigroup assumed coverage on shares of Ecovyst in a research note on Wednesday, June 24th. They issued an “overweight” rating for the company. Freedom Capital upgraded Ecovyst to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ecovyst in a research note on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.50.

Ecovyst Price Performance

Shares of ECVT stock opened at $10.21 on Monday. The stock’s 50-day simple moving average is $11.34 and its 200-day simple moving average is $12.38. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -19.26, a PEG ratio of 0.45 and a beta of 1.07. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.44 and a current ratio of 1.70. Ecovyst Inc. has a fifty-two week low of $7.41 and a fifty-two week high of $15.09.

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

About Ecovyst

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.