434,094 Shares in Ecovyst Inc. $ECVT Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in Ecovyst Inc. (NYSE:ECVT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 434,094 shares of the company’s stock, valued at approximately $5,348,000. Hsbc Holdings PLC owned approximately 0.40% of Ecovyst at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Kestrel Investment Management Corp acquired a new stake in shares of Ecovyst in the 4th quarter valued at about $3,965,000. Vanguard Group Inc. increased its position in Ecovyst by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 11,112,611 shares of the company’s stock worth $108,126,000 after buying an additional 191,394 shares during the period. Bank of America Corp DE lifted its stake in Ecovyst by 62.1% in the first quarter. Bank of America Corp DE now owns 1,106,009 shares of the company’s stock valued at $14,223,000 after buying an additional 423,825 shares during the last quarter. Dayah Capital LLC purchased a new stake in Ecovyst in the first quarter valued at approximately $6,044,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Ecovyst by 246.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,829,034 shares of the company’s stock valued at $62,101,000 after acquiring an additional 3,435,942 shares during the period. 86.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ECVT shares. BWS Financial restated a “buy” rating and set a $16.00 target price on shares of Ecovyst in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Ecovyst from a “hold” rating to a “buy” rating in a research note on Sunday, August 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ecovyst in a research report on Monday, June 1st. Citigroup initiated coverage on shares of Ecovyst in a research note on Wednesday, June 24th. They issued an “overweight” rating on the stock. Finally, Freedom Capital raised shares of Ecovyst to a “strong-buy” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.90.

Ecovyst Trading Down 0.5%

Shares of ECVT stock opened at $10.10 on Friday. The company has a market capitalization of $1.11 billion, a P/E ratio of -19.06, a price-to-earnings-growth ratio of 0.44 and a beta of 1.10. The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 0.84. The business’s 50 day moving average is $11.57 and its two-hundred day moving average is $12.42. Ecovyst Inc. has a twelve month low of $7.41 and a twelve month high of $15.09.

Ecovyst (NYSE:ECVT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.21 EPS for the quarter, topping the consensus estimate 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 business had revenue of $249.96 million during the quarter, compared to analysts’ expectations of $237.54 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. 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. Equities analysts forecast that Ecovyst Inc. will post 0.6 EPS for the current 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.