Ecovyst Inc. (NYSE:ECVT) Holdings Decreased by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its position in Ecovyst Inc. (NYSE:ECVT - Free Report) by 24.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 491,794 shares of the company's stock after selling 158,772 shares during the period. Ameriprise Financial Inc. owned approximately 0.42% of Ecovyst worth $3,757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ECVT. Proficio Capital Partners LLC acquired a new position in Ecovyst during the 4th quarter worth approximately $139,000. Charles Schwab Investment Management Inc. lifted its position in Ecovyst by 11.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company's stock worth $14,540,000 after acquiring an additional 198,817 shares in the last quarter. New York State Common Retirement Fund lifted its position in Ecovyst by 31.7% during the 4th quarter. New York State Common Retirement Fund now owns 29,081 shares of the company's stock worth $222,000 after acquiring an additional 7,000 shares in the last quarter. Vanguard Group Inc. lifted its position in Ecovyst by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 10,926,133 shares of the company's stock worth $83,476,000 after acquiring an additional 56,142 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in Ecovyst by 13.3% during the 4th quarter. American Century Companies Inc. now owns 272,146 shares of the company's stock worth $2,079,000 after acquiring an additional 31,891 shares in the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. BMO Capital Markets reduced their price target on Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd. BWS Financial reissued a "buy" rating and set a $12.00 price target on shares of Ecovyst in a research report on Monday, May 5th.

Ecovyst Stock Down 0.7%

Shares of ECVT traded down $0.05 during trading on Friday, reaching $7.46. The company's stock had a trading volume of 1,108,023 shares, compared to its average volume of 989,308. The company has a fifty day moving average of $6.49 and a two-hundred day moving average of $7.23. Ecovyst Inc. has a twelve month low of $5.24 and a twelve month high of $9.92. The company has a market cap of $875.81 million, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.04 and a beta of 1.06. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17.

Ecovyst (NYSE:ECVT - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.04. Ecovyst had a return on equity of 7.07% and a net margin of 7.74%. The company had revenue of $162.20 million for the quarter, compared to analyst estimates of $168.43 million. During the same period in the prior year, the company posted $0.04 EPS. Ecovyst's quarterly revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts predict that Ecovyst Inc. will post 0.44 EPS for the current fiscal year.

Ecovyst Company 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.