UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.34 Million Stock Position in Ecovyst Inc. (NYSE:ECVT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Ecovyst Inc. (NYSE:ECVT) by 13.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 195,788 shares of the company’s stock after selling 30,326 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ecovyst were worth $1,341,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its stake in shares of Ecovyst by 84.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,756,363 shares of the company’s stock valued at $12,031,000 after purchasing an additional 805,128 shares during the last quarter. Foundry Partners LLC bought a new position in shares of Ecovyst during the second quarter worth $4,401,000. Thompson Siegel & Walmsley LLC grew its holdings in shares of Ecovyst by 26.7% in the 3rd 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 period. Empowered Funds LLC acquired a new position in shares of Ecovyst in the 3rd quarter valued at $2,087,000. Finally, Sei Investments Co. raised its stake in Ecovyst by 57.1% during the 2nd quarter. Sei Investments Co. now owns 818,770 shares of the company’s stock worth $7,344,000 after buying an additional 297,594 shares during the period. 86.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ECVT. BMO Capital Markets raised their price objective on Ecovyst from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. BWS Financial reissued a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a research report on Wednesday, December 4th.

Ecovyst Stock Down 2.1 %

Shares of Ecovyst stock opened at $7.52 on Wednesday. The firm has a market cap of $876.16 million, a PE ratio of 16.35, a P/E/G ratio of 1.67 and a beta of 1.06. Ecovyst Inc. has a 52-week low of $6.02 and a 52-week high of $11.35. The business’s 50 day simple moving average is $7.46 and its 200 day simple moving average is $7.73. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54.

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.