JPMorgan Chase & Co. Raises Stock Holdings in Ecovyst Inc. (NYSE:ECVT)

JPMorgan Chase & Co. boosted its stake in shares of Ecovyst Inc. (NYSE:ECVT - Free Report) by 25.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 486,088 shares of the company's stock after purchasing an additional 97,427 shares during the period. JPMorgan Chase & Co. owned approximately 0.42% of Ecovyst worth $3,714,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Spire Wealth Management lifted its stake in shares of 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 buying an additional 1,896 shares during the period. New York State Common Retirement Fund lifted its position in Ecovyst by 31.7% during the 4th quarter. New York State Common Retirement Fund now owns 29,081 shares of the company's stock worth $222,000 after acquiring an additional 7,000 shares during the period. Cibc World Markets Corp purchased a new stake in Ecovyst during the 4th quarter valued at about $83,000. Intech Investment Management LLC increased its holdings in shares of Ecovyst by 50.9% in the fourth quarter. Intech Investment Management LLC now owns 40,439 shares of the company's stock valued at $309,000 after purchasing an additional 13,645 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Ecovyst by 5.1% in the fourth quarter. Empowered Funds LLC now owns 320,079 shares of the company's stock worth $2,445,000 after purchasing an additional 15,473 shares during the last quarter. Institutional investors and hedge funds own 86.69% of the company's stock.

Ecovyst Stock Performance

ECVT stock traded down $0.08 during trading on Wednesday, hitting $5.75. 880,131 shares of the company traded hands, compared to its average volume of 919,530. Ecovyst Inc. has a 1 year low of $5.24 and a 1 year high of $10.57. The company has a market cap of $674.38 million, a PE ratio of 12.49, a P/E/G ratio of 1.04 and a beta of 1.02. The stock's 50-day simple moving average is $6.63 and its 200 day simple moving average is $7.24. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. BWS Financial reiterated a "buy" rating and issued a $12.00 price target on shares of Ecovyst in a report on Friday, February 28th. BMO Capital Markets reduced their target price on shares of Ecovyst from $11.00 to $9.00 and set an "outperform" rating for the company in a report on Monday, March 3rd.

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.