Allspring Global Investments Holdings LLC Cuts Stock Position in Ecovyst Inc. $ECVT

Allspring Global Investments Holdings LLC cut its position in shares of Ecovyst Inc. (NYSE:ECVT) by 8.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,127,390 shares of the company’s stock after selling 379,472 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 3.62% of Ecovyst worth $40,902,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ECVT. State of Alaska Department of Revenue bought a new position in Ecovyst during the third quarter valued at approximately $48,000. CWM LLC boosted its stake in shares of Ecovyst by 45.9% in the 3rd quarter. CWM LLC now owns 8,678 shares of the company’s stock valued at $76,000 after purchasing an additional 2,732 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Ecovyst during the 3rd quarter valued at $87,000. Landscape Capital Management L.L.C. bought a new position in shares of Ecovyst during the 3rd quarter valued at $89,000. Finally, PharVision Advisers LLC purchased a new position in Ecovyst in the 3rd quarter worth $101,000. 86.69% of the stock is owned by hedge funds and other institutional investors.

Ecovyst Price Performance

ECVT stock opened at $13.07 on Friday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -21.07, a PEG ratio of 1.84 and a beta of 1.04. The firm’s 50-day moving average price is $11.59 and its two-hundred day moving average price is $9.95. The company has a current ratio of 2.64, a quick ratio of 2.42 and a debt-to-equity ratio of 0.65. Ecovyst Inc. has a 12-month low of $5.24 and a 12-month high of $13.31.

Ecovyst (NYSE:ECVT) last posted its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. The company had revenue of $199.43 million during the quarter, compared to analyst estimates of $184.85 million. Ecovyst had a negative net margin of 9.27% and a positive return on equity of 9.39%. Ecovyst’s revenue for the quarter was up 33.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. Ecovyst has set its FY 2026 guidance at 0.450-0.650 EPS. As a group, equities analysts predict that Ecovyst Inc. will post 0.44 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. KeyCorp boosted their price target on shares of Ecovyst from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Citigroup lifted their price objective on Ecovyst from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, March 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, January 21st. Wall Street Zen cut Ecovyst from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Finally, BWS Financial raised their price target on Ecovyst from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $13.60.

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.