Ecovyst Inc. (NYSE:ECVT) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of Ecovyst Inc. (NYSE:ECVT) by 25.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 486,088 shares of the company’s stock after purchasing an additional 97,427 shares during the period. JPMorgan Chase & Co.’s holdings in Ecovyst were worth $3,714,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners raised its holdings in shares of Ecovyst by 30.2% in the 4th 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 period. Raymond James Financial Inc. purchased a new position in shares of Ecovyst in the fourth quarter valued at approximately $2,706,000. Harbor Capital Advisors Inc. increased its stake in Ecovyst by 13.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company’s stock worth $15,283,000 after buying an additional 244,081 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Ecovyst by 11.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company’s stock worth $14,540,000 after buying an additional 198,817 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Ecovyst by 20.4% in the 4th quarter. Prudential Financial Inc. now owns 775,790 shares of the company’s stock valued at $5,927,000 after buying an additional 131,400 shares during the period. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Trading Up 1.0 %

Shares of ECVT stock opened at $5.88 on Monday. Ecovyst Inc. has a twelve month low of $5.24 and a twelve month high of $10.57. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. The business’s 50 day moving average is $6.72 and its two-hundred day moving average is $7.26. The company has a market capitalization of $689.76 million, a P/E ratio of 12.77, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02.

Analyst Upgrades and Downgrades

ECVT has been the topic of a number of recent research reports. BMO Capital Markets cut their target price 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. BWS Financial reaffirmed a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a research report on Friday, February 28th.

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.