Nuveen Asset Management LLC Has $6.62 Million Stock Position in Ecovyst Inc. (NYSE:ECVT)

Nuveen Asset Management LLC decreased its stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 867,039 shares of the company's stock after selling 187,190 shares during the period. Nuveen Asset Management LLC owned 0.74% of Ecovyst worth $6,624,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Maven Securities LTD acquired a new position in shares of Ecovyst during the fourth quarter worth approximately $153,000. Needham Investment Management LLC lifted its holdings in Ecovyst by 0.5% during the 4th quarter. Needham Investment Management LLC now owns 920,000 shares of the company's stock worth $7,029,000 after buying an additional 5,000 shares in the last quarter. Millennium Management LLC bought a new position in Ecovyst in the 4th quarter valued at $2,164,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ecovyst by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,231 shares of the company's stock valued at $506,000 after buying an additional 2,325 shares during the period. Finally, Gotham Asset Management LLC bought a new stake in shares of Ecovyst during the fourth quarter worth $441,000. Institutional investors own 86.69% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on ECVT. BMO Capital Markets decreased their price target on Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. BWS Financial reaffirmed a "buy" rating and issued a $12.00 target price on shares of Ecovyst in a research note on Monday, May 5th.

Ecovyst Trading Up 2.4%

Shares of ECVT stock traded up $0.18 during trading hours on Tuesday, reaching $7.61. The company had a trading volume of 997,835 shares, compared to its average volume of 990,805. Ecovyst Inc. has a 1-year low of $5.24 and a 1-year high of $9.92. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. The firm has a market cap of $892.83 million, a price-to-earnings ratio of 16.53, a P/E/G ratio of 1.04 and a beta of 1.06. The company has a 50 day moving average of $6.53 and a 200 day moving average of $7.22.

Ecovyst (NYSE:ECVT - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.01 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 business had revenue of $162.20 million during the quarter, compared to the consensus estimate of $168.43 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The firm's revenue was up 1.1% on a year-over-year basis. On average, equities research analysts anticipate 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.