Lazard Asset Management LLC Grows Position in Ecovyst Inc. $ECVT

Lazard Asset Management LLC lifted its position in shares of Ecovyst Inc. (NYSE:ECVT) by 335.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,714 shares of the company’s stock after purchasing an additional 48,324 shares during the quarter. Lazard Asset Management LLC’s holdings in Ecovyst were worth $807,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in ECVT. Rubric Capital Management LP lifted its position in Ecovyst by 120.9% during the third quarter. Rubric Capital Management LP now owns 10,400,000 shares of the company’s stock valued at $91,104,000 after buying an additional 5,692,653 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Ecovyst by 246.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,829,034 shares of the company’s stock worth $62,101,000 after buying an additional 3,435,942 shares during the period. Brightline Capital Management LLC purchased a new stake in shares of Ecovyst in the 4th quarter worth about $19,946,000. Oaktree Capital Management LP increased its stake in shares of Ecovyst by 48.8% in the 4th quarter. Oaktree Capital Management LP now owns 4,254,503 shares of the company’s stock worth $41,396,000 after acquiring an additional 1,395,481 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Ecovyst by 221.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,590,044 shares of the company’s stock valued at $13,086,000 after acquiring an additional 1,095,228 shares during the period. Institutional investors own 86.69% of the company’s stock.

Ecovyst Price Performance

Shares of NYSE:ECVT opened at $11.46 on Thursday. The business has a fifty day moving average price of $12.49 and a 200-day moving average price of $12.50. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.38 and a quick ratio of 2.13. The company has a market capitalization of $1.25 billion, a PE ratio of -20.83, a PEG ratio of 0.56 and a beta of 1.10. Ecovyst Inc. has a 1-year low of $7.41 and a 1-year high of $15.09.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Ecovyst had a negative net margin of 7.71% and a positive return on equity of 11.58%. The company had revenue of $250.00 million for the quarter, compared to analysts’ expectations of $237.54 million. During the same quarter in the previous year, the business posted $0.12 EPS. Ecovyst’s 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 expect that Ecovyst Inc. will post 0.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ECVT has been the topic of several research reports. Citigroup started coverage on shares of Ecovyst in a research note on Wednesday, June 24th. They set an “overweight” rating on the stock. Freedom Capital upgraded shares of Ecovyst to a “strong-buy” rating in a report on Monday, June 29th. Wall Street Zen raised Ecovyst from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ecovyst in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.90.

Ecovyst Company 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.