Amundi Sells 138,236 Shares of Ecovyst Inc. (NYSE:ECVT)

Amundi lowered its stake in shares of Ecovyst Inc. (NYSE:ECVT) by 45.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 168,683 shares of the company’s stock after selling 138,236 shares during the quarter. Amundi’s holdings in Ecovyst were worth $1,252,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ECVT. Hotchkis & Wiley Capital Management LLC increased its holdings in Ecovyst by 27.3% in 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 during the last quarter. Geode Capital Management LLC increased its holdings in shares of Ecovyst by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,535,792 shares of the company’s stock worth $17,374,000 after purchasing an additional 55,884 shares during the last quarter. State Street Corp lifted its position in shares of Ecovyst by 1.4% in the third quarter. State Street Corp now owns 2,426,509 shares of the company’s stock worth $16,622,000 after buying an additional 33,292 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in Ecovyst by 26.7% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,192,113 shares of the company’s stock valued at $15,016,000 after buying an additional 462,317 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in Ecovyst by 13.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company’s stock valued at $15,283,000 after buying an additional 244,081 shares in the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ecovyst Stock Performance

NYSE:ECVT opened at $6.68 on Wednesday. The firm has a market capitalization of $783.42 million, a PE ratio of 14.51, a PEG ratio of 1.04 and a beta of 1.04. The stock’s fifty day moving average is $7.59 and its 200 day moving average is $7.37. Ecovyst Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $11.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54.

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.