Ecovyst Inc. (NYSE:ECVT) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in shares of Ecovyst Inc. (NYSE:ECVT) by 0.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 367,768 shares of the company’s stock after selling 3,527 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ecovyst were worth $2,810,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ECVT. Spire Wealth Management raised its stake in Ecovyst by 72.9% during the fourth quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock worth $34,000 after purchasing an additional 1,896 shares during the period. Capstone Investment Advisors LLC acquired a new position in shares of Ecovyst in the third quarter worth $86,000. Quantinno Capital Management LP purchased a new stake in Ecovyst during the 3rd quarter worth about $123,000. EP Wealth Advisors LLC purchased a new stake in shares of Ecovyst in the 3rd quarter valued at approximately $177,000. Finally, Intech Investment Management LLC purchased a new stake in Ecovyst during the 3rd quarter worth about $184,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Ecovyst Stock Down 5.0 %

Shares of NYSE ECVT opened at $6.59 on Friday. Ecovyst Inc. has a 1 year low of $6.02 and a 1 year high of $11.35. The firm has a market cap of $772.86 million, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 1.04 and a beta of 1.04. The firm’s 50 day moving average price is $7.56 and its 200 day moving average price is $7.36. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. BWS Financial reissued a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research report on Friday, February 28th. BMO Capital Markets dropped their price objective on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a report on Monday, March 3rd. Finally, Citigroup lifted their price objective on Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th.

About Ecovyst

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.