JPMorgan Chase & Co. Acquires 62,994 Shares of Ecovyst Inc. $ECVT

JPMorgan Chase & Co. raised its holdings in shares of Ecovyst Inc. (NYSE:ECVT) by 21.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 361,359 shares of the company’s stock after buying an additional 62,994 shares during the quarter. JPMorgan Chase & Co. owned about 0.32% of Ecovyst worth $3,166,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in shares of Ecovyst during the 3rd quarter valued at about $48,000. CWM LLC raised its stake in Ecovyst by 45.9% in the third 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 stake in Ecovyst during the third quarter valued at approximately $87,000. Landscape Capital Management L.L.C. purchased a new position in Ecovyst in the 3rd quarter worth approximately $89,000. Finally, PharVision Advisers LLC purchased a new position in Ecovyst in the 3rd quarter worth approximately $101,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Price Performance

ECVT stock opened at $13.07 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.42 and a current ratio of 2.64. Ecovyst Inc. has a 52 week low of $5.24 and a 52 week high of $13.31. The firm’s fifty day moving average is $11.63 and its 200 day moving average is $9.98. The firm has a market cap of $1.44 billion, a P/E ratio of -21.07, a P/E/G ratio of 1.83 and a beta of 1.04.

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

Analysts Set New Price Targets

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

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.