Ecovyst Inc. $ECVT Shares Sold by Rubric Capital Management LP

Rubric Capital Management LP cut its holdings in shares of Ecovyst Inc. (NYSE:ECVT) by 13.0% during the first quarter, HoldingsChannel.com reports. The fund owned 9,136,067 shares of the company’s stock after selling 1,363,933 shares during the period. Ecovyst accounts for about 1.2% of Rubric Capital Management LP’s holdings, making the stock its 21st largest holding. Rubric Capital Management LP owned 0.08% of Ecovyst worth $117,490,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Creative Planning raised its holdings in Ecovyst by 4.8% in the 3rd quarter. Creative Planning now owns 28,622 shares of the company’s stock valued at $251,000 after acquiring an additional 1,311 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Ecovyst by 4.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,292 shares of the company’s stock valued at $449,000 after purchasing an additional 2,124 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ecovyst by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock valued at $428,000 after purchasing an additional 2,874 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Ecovyst by 8.6% in the first quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock valued at $279,000 after purchasing an additional 3,571 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Ecovyst by 4.6% in the fourth quarter. Deutsche Bank AG now owns 84,462 shares of the company’s stock valued at $822,000 after purchasing an additional 3,729 shares during the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ECVT. Wall Street Zen raised Ecovyst from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ecovyst in a research note on Monday, June 1st. Citigroup assumed coverage on Ecovyst in a report on Wednesday, June 24th. They set an “overweight” rating on the stock. Finally, Freedom Capital raised shares of Ecovyst to a “strong-buy” rating in a research report on Monday, June 29th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ecovyst presently has a consensus rating of “Moderate Buy” and an average target price of $13.90.

Ecovyst Stock Down 1.6%

Shares of NYSE ECVT opened at $12.26 on Tuesday. The company has a market capitalization of $1.34 billion, a P/E ratio of -22.29, a P/E/G ratio of 0.58 and a beta of 1.10. 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 50 day simple moving average of $12.74 and a 200-day simple moving average of $12.43. Ecovyst Inc. has a 1 year low of $7.41 and a 1 year high of $15.09.

Ecovyst (NYSE:ECVT) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The firm had revenue of $214.95 million for the quarter, compared to analysts’ expectations of $191.07 million. Ecovyst had a positive return on equity of 11.58% and a negative net margin of 7.71%.The firm’s quarterly revenue was up 50.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 earnings per share. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. On average, equities research analysts predict that Ecovyst Inc. will post 0.56 earnings per share 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.