Ecovyst Inc. (NYSE:ECVT) Shares Sold by Fmr LLC

Fmr LLC lessened its holdings in shares of Ecovyst Inc. (NYSE:ECVT) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,403,842 shares of the company’s stock after selling 343,744 shares during the period. Fmr LLC owned approximately 4.64% of Ecovyst worth $37,016,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ECVT. Price T Rowe Associates Inc. MD boosted its holdings in Ecovyst by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 52,598 shares of the company’s stock worth $587,000 after acquiring an additional 3,353 shares in the last quarter. CWM LLC raised its position in shares of Ecovyst by 6,920.7% in the 2nd quarter. CWM LLC now owns 4,072 shares of the company’s stock valued at $37,000 after purchasing an additional 4,014 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Ecovyst in the 2nd quarter worth approximately $95,000. Easterly Investment Partners LLC acquired a new position in Ecovyst during the 2nd quarter valued at approximately $892,000. Finally, Bank of New York Mellon Corp increased its stake in Ecovyst by 27.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 459,343 shares of the company’s stock valued at $4,120,000 after purchasing an additional 98,719 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Trading Up 0.8 %

ECVT opened at $8.06 on Monday. 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 company’s 50 day simple moving average is $7.33 and its two-hundred day simple moving average is $7.81. The firm has a market capitalization of $939.07 million, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.83 and a beta of 1.06. Ecovyst Inc. has a 1-year low of $6.02 and a 1-year high of $11.35.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. BWS Financial reissued a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a report on Wednesday, December 4th. BMO Capital Markets increased their price objective on Ecovyst from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd.

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.