EVR Research LP Sells 970,000 Shares of Ecovyst Inc. (NYSE:ECVT)

EVR Research LP lowered its stake in Ecovyst Inc. (NYSE:ECVT - Free Report) by 49.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,000,000 shares of the company's stock after selling 970,000 shares during the period. Ecovyst makes up 2.6% of EVR Research LP's portfolio, making the stock its 16th largest holding. EVR Research LP owned 0.86% of Ecovyst worth $7,640,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Ecovyst by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 10,926,133 shares of the company's stock valued at $83,476,000 after buying an additional 56,142 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Ecovyst by 1.9% in the fourth quarter. William Blair Investment Management LLC now owns 3,601,346 shares of the company's stock valued at $27,514,000 after purchasing an additional 67,338 shares during the period. Geode Capital Management LLC grew its position in shares of Ecovyst by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,535,792 shares of the company's stock valued at $17,374,000 after buying an additional 55,884 shares during the last quarter. State Street Corp raised its position in shares of Ecovyst by 1.4% during the third quarter. State Street Corp now owns 2,426,509 shares of the company's stock worth $16,622,000 after acquiring an additional 33,292 shares during the last quarter. Finally, Boston Partners boosted its holdings in Ecovyst by 30.2% during the 4th quarter. Boston Partners now owns 2,401,811 shares of the company's stock worth $18,405,000 after acquiring an additional 557,249 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ECVT shares. Citigroup lifted their target price on shares of Ecovyst from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. BMO Capital Markets dropped their price target on Ecovyst from $11.00 to $9.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd. Finally, BWS Financial reaffirmed a "buy" rating and set a $12.00 price objective on shares of Ecovyst in a research note on Friday, February 28th.

Ecovyst Stock Up 2.3 %

Shares of Ecovyst stock traded up $0.14 on Thursday, reaching $5.96. The company's stock had a trading volume of 309,495 shares, compared to its average volume of 912,517. Ecovyst Inc. has a 52 week low of $5.24 and a 52 week high of $10.57. The firm's fifty day simple moving average is $6.81 and its two-hundred day simple moving average is $7.26. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $699.03 million, a price-to-earnings ratio of 12.95, a P/E/G ratio of 1.04 and a beta of 1.02.

Ecovyst Profile

Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.