The Bank of New York Mellon Corp purchased 397,180 shares of Ecovyst Inc. for approximately $4.95 million.
This acquisition establishes a 0.36% stake in the company. Institutional investors now control 86.69% of Ecovyst's total stock.
Ecovyst reported quarterly earnings of $0.21 per share. This result exceeded analyst expectations of $0.19 per share. Quarterly revenue reached $249.96 million, marking a 24.9% year-over-year increase.
Analysts maintain a Moderate Buy consensus rating with a $14.50 average price target.