LSV Asset Management Sells 262,900 Shares of Ecovyst Inc. (NYSE:ECVT)

LSV Asset Management lessened its position in Ecovyst Inc. (NYSE:ECVT - Free Report) by 36.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 452,500 shares of the company's stock after selling 262,900 shares during the period. LSV Asset Management owned about 0.39% of Ecovyst worth $3,457,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ECVT. Boston Partners raised its position in shares of 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 purchasing an additional 557,249 shares during the period. Raymond James Financial Inc. acquired a new stake in Ecovyst during the fourth quarter worth approximately $2,706,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Ecovyst by 13.9% during the fourth quarter. Harbor Capital Advisors Inc. now owns 2,000,444 shares of the company's stock worth $15,283,000 after acquiring an additional 244,081 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Ecovyst by 11.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company's stock valued at $14,540,000 after purchasing an additional 198,817 shares during the last quarter. Finally, CenterBook Partners LP bought a new position in shares of Ecovyst during the fourth quarter worth approximately $1,411,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Ecovyst Price Performance

ECVT stock traded up $0.06 during midday trading on Friday, reaching $5.88. The company had a trading volume of 624,427 shares, compared to its average volume of 917,612. Ecovyst Inc. has a 1-year low of $5.24 and a 1-year high of $10.57. The stock has a 50 day moving average price of $6.72 and a 200-day moving average price of $7.25. 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 company has a market capitalization of $689.76 million, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02.

Wall Street Analyst Weigh In

ECVT has been the topic of several recent research reports. BWS Financial reiterated a "buy" rating and set a $12.00 price objective on shares of Ecovyst in a research report on Friday, February 28th. BMO Capital Markets dropped their price objective on shares of Ecovyst from $11.00 to $9.00 and set an "outperform" rating for the company in a research note on Monday, March 3rd.

Ecovyst 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.