Ecovyst Inc. (NYSE:ECVT) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 867,039 shares of the company's stock after selling 187,190 shares during the period. Nuveen Asset Management LLC owned about 0.74% of Ecovyst worth $6,624,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Spire Wealth Management raised its position in Ecovyst by 72.9% in the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company's stock worth $34,000 after acquiring an additional 1,896 shares during the period. Deerfield Management Company L.P. Series C bought a new stake in shares of Ecovyst during the 4th quarter valued at $79,000. Bridgefront Capital LLC bought a new stake in shares of Ecovyst during the 4th quarter valued at $81,000. Cibc World Markets Corp bought a new stake in shares of Ecovyst during the 4th quarter valued at $83,000. Finally, Quarry LP raised its position in shares of Ecovyst by 485.0% during the 4th quarter. Quarry LP now owns 13,724 shares of the company's stock valued at $105,000 after purchasing an additional 11,378 shares during the period. Institutional investors own 86.69% of the company's stock.

Wall Street Analyst Weigh In

ECVT has been the topic of several recent analyst reports. BMO Capital Markets decreased their price objective on shares of 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 reaffirmed a "buy" rating and set a $12.00 target price on shares of Ecovyst in a research note on Monday, May 5th.

Ecovyst Stock Down 0.7%

Shares of Ecovyst stock traded down $0.05 on Friday, reaching $7.46. The stock had a trading volume of 1,108,023 shares, compared to its average volume of 989,308. The company has a 50 day moving average price of $6.49 and a 200 day moving average price of $7.24. 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 Inc. has a 1 year low of $5.24 and a 1 year high of $9.92. The stock has a market capitalization of $875.81 million, a P/E ratio of 16.22, a P/E/G ratio of 1.04 and a beta of 1.06.

Ecovyst (NYSE:ECVT - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.04. The company had revenue of $162.20 million for the quarter, compared to the consensus estimate of $168.43 million. Ecovyst had a net margin of 7.74% and a return on equity of 7.07%. Ecovyst's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.04 EPS. As a group, equities research analysts forecast that Ecovyst Inc. will post 0.44 EPS for the current 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.