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

Allspring Global Investments Holdings LLC lowered its holdings in shares of Ecovyst Inc. (NYSE:ECVT) by 8.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,798,389 shares of the company’s stock after selling 329,001 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Ecovyst were worth $49,835,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in ECVT. Vanguard Group Inc. boosted 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 valued at $108,126,000 after buying an additional 191,394 shares during the period. Rubric Capital Management LP boosted its holdings in shares of Ecovyst by 1.0% during the fourth quarter. Rubric Capital Management LP now owns 10,500,000 shares of the company’s stock worth $102,165,000 after purchasing an additional 100,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Ecovyst by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,387,278 shares of the company’s stock worth $62,149,000 after purchasing an additional 130,206 shares during the period. Oaktree Capital Management LP grew its stake in shares of Ecovyst by 48.8% in the fourth quarter. Oaktree Capital Management LP now owns 4,254,503 shares of the company’s stock worth $41,396,000 after purchasing an additional 1,395,481 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Ecovyst by 0.7% in the fourth quarter. State Street Corp now owns 2,543,242 shares of the company’s stock worth $24,746,000 after purchasing an additional 17,702 shares during the last quarter. 86.69% of the stock is owned by institutional investors.

Ecovyst Stock Performance

Shares of ECVT stock opened at $12.88 on Friday. Ecovyst Inc. has a 12 month low of $7.41 and a 12 month high of $15.09. The stock has a market cap of $1.41 billion, a PE ratio of -23.43, a price-to-earnings-growth ratio of 0.60 and a beta of 1.10. The company has a current ratio of 2.38, a quick ratio of 2.13 and a debt-to-equity ratio of 0.68. The company’s fifty day moving average price is $12.98 and its 200-day moving average price is $12.30.

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

Wall Street Analyst Weigh In

ECVT has been the subject of a number of recent analyst reports. Citigroup initiated coverage on Ecovyst in a research report on Wednesday, June 24th. They set an “overweight” rating for the company. Wall Street Zen upgraded shares of Ecovyst from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ecovyst in a research report on Monday, June 1st. Finally, Freedom Capital upgraded 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 issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ecovyst currently 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.