Lazard Asset Management LLC Buys 48,324 Shares of Ecovyst Inc. $ECVT

Lazard Asset Management LLC boosted its stake in Ecovyst Inc. (NYSE:ECVT) by 335.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,714 shares of the company’s stock after purchasing an additional 48,324 shares during the period. Lazard Asset Management LLC owned about 0.06% of Ecovyst worth $807,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Ecovyst by 1.8% in 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. Rubric Capital Management LP boosted its position in Ecovyst by 1.0% during the 4th quarter. Rubric Capital Management LP now owns 10,500,000 shares of the company’s stock valued at $102,165,000 after buying an additional 100,000 shares during the period. Dimensional Fund Advisors LP boosted its position in Ecovyst by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,498,654 shares of the company’s stock valued at $83,573,000 after buying an additional 111,376 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Ecovyst by 246.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,829,034 shares of the company’s stock worth $62,101,000 after acquiring an additional 3,435,942 shares during the last quarter. Finally, Oaktree Capital Management LP grew its holdings in Ecovyst by 48.8% in the 4th quarter. Oaktree Capital Management LP now owns 4,254,503 shares of the company’s stock worth $41,396,000 after acquiring an additional 1,395,481 shares during the last quarter. Institutional investors own 86.69% of the company’s stock.

Ecovyst Stock Down 5.4%

Shares of Ecovyst stock opened at $11.46 on Thursday. 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 simple moving average is $12.49 and its two-hundred day simple moving average is $12.50. The company has a market cap of $1.25 billion, a P/E ratio of -20.83, a PEG ratio of 0.56 and a beta of 1.10. Ecovyst Inc. has a 12-month low of $7.41 and a 12-month high of $15.09.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings data 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 negative net margin of 7.71% and a positive return on equity of 11.58%. The business had revenue of $250.00 million during the quarter, compared to analyst estimates of $237.54 million. During the same period in the prior year, the business earned $0.12 EPS. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. Research analysts anticipate that Ecovyst Inc. will post 0.56 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on ECVT shares. Freedom Capital raised shares of Ecovyst to a “strong-buy” rating in a research note on Monday, June 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ecovyst in a research note on Monday, June 1st. Citigroup started coverage on Ecovyst in a research report on Wednesday, June 24th. They set an “overweight” rating for the company. Finally, Wall Street Zen upgraded Ecovyst from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ecovyst presently has an average rating of “Moderate Buy” and a consensus price target of $13.90.

Ecovyst 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.