Ecovyst Inc. (NYSE:ECVT) Holdings Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in Ecovyst Inc. (NYSE:ECVT) by 74.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 388,661 shares of the company’s stock after selling 1,126,433 shares during the quarter. JPMorgan Chase & Co. owned about 0.33% of Ecovyst worth $2,662,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ECVT. Hotchkis & Wiley Capital Management LLC grew its stake in Ecovyst by 27.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 12,852,925 shares of the company’s stock valued at $88,043,000 after acquiring an additional 2,753,470 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Ecovyst by 84.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,756,363 shares of the company’s stock worth $12,031,000 after purchasing an additional 805,128 shares during the last quarter. Western Standard LLC acquired a new position in shares of Ecovyst during the third quarter worth approximately $4,782,000. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Ecovyst by 26.7% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,192,113 shares of the company’s stock worth $15,016,000 after buying an additional 462,317 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Ecovyst during the third quarter valued at approximately $2,087,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ECVT. Citigroup increased their target price on Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. BWS Financial reaffirmed a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research report on Wednesday, December 4th. Finally, BMO Capital Markets increased their price objective on Ecovyst from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd.

Ecovyst Trading Up 0.2 %

Shares of ECVT opened at $7.88 on Tuesday. Ecovyst Inc. has a 52-week low of $6.02 and a 52-week high of $11.35. The business’s fifty day moving average is $7.80 and its 200-day moving average is $7.49. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. The firm has a market cap of $917.52 million, a price-to-earnings ratio of 17.12, a PEG ratio of 1.01 and a beta of 1.05.

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.