Ecovyst Inc. (NYSE:ECVT) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lowered its stake in Ecovyst Inc. (NYSE:ECVT) by 7.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 57,856 shares of the company’s stock after selling 4,368 shares during the period. Corebridge Financial Inc.’s holdings in Ecovyst were worth $442,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Boston Partners increased its holdings in Ecovyst by 30.2% in the fourth quarter. Boston Partners now owns 2,401,811 shares of the company’s stock valued at $18,405,000 after buying an additional 557,249 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Ecovyst in the 4th quarter worth approximately $2,706,000. Harbor Capital Advisors Inc. increased its holdings in shares of Ecovyst by 13.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company’s stock valued at $15,283,000 after acquiring an additional 244,081 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Ecovyst by 11.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company’s stock valued at $14,540,000 after acquiring an additional 198,817 shares in the last quarter. Finally, Barclays PLC lifted its stake in Ecovyst by 198.1% during the third quarter. Barclays PLC now owns 178,032 shares of the company’s stock worth $1,220,000 after purchasing an additional 118,303 shares during the last quarter. Institutional investors own 86.69% of the company’s stock.

Ecovyst Price Performance

Shares of NYSE ECVT opened at $5.35 on Wednesday. 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 capitalization of $628.38 million, a PE ratio of 11.64, a P/E/G ratio of 1.04 and a beta of 1.02. Ecovyst Inc. has a 1-year low of $5.27 and a 1-year high of $10.79. The business’s fifty day moving average price is $7.09 and its two-hundred day moving average price is $7.31.

Analyst Upgrades and Downgrades

ECVT has been the subject of several recent research reports. BWS Financial reiterated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research note on Friday, February 28th. Citigroup lifted their price target on shares of Ecovyst from $8.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, BMO Capital Markets dropped their price objective on shares of Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a research note on Monday, March 3rd.

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.