Ecovyst Inc. (NYSE:ECVT) Shares Sold by Cove Street Capital LLC

Cove Street Capital LLC lowered its holdings in Ecovyst Inc. (NYSE:ECVT) by 24.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 491,560 shares of the company’s stock after selling 156,319 shares during the quarter. Ecovyst accounts for about 4.4% of Cove Street Capital LLC’s investment portfolio, making the stock its 4th largest position. Cove Street Capital LLC owned about 0.42% of Ecovyst worth $3,753,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ECVT. Barclays PLC increased its stake in Ecovyst by 198.1% during the third quarter. Barclays PLC now owns 178,032 shares of the company’s stock valued at $1,220,000 after acquiring an additional 118,303 shares during the period. Harbor Capital Advisors Inc. increased its position 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 valued at $15,283,000 after purchasing an additional 244,081 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Ecovyst in the fourth quarter valued at $139,000. Charles Schwab Investment Management Inc. raised its stake in shares of Ecovyst by 11.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,903,148 shares of the company’s stock valued at $14,540,000 after buying an additional 198,817 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Ecovyst by 1.4% during the 3rd quarter. State Street Corp now owns 2,426,509 shares of the company’s stock worth $16,622,000 after acquiring an additional 33,292 shares during the period. 86.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ECVT. BMO Capital Markets dropped their price target 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. Citigroup lifted their price target on shares of Ecovyst from $8.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, BWS Financial reaffirmed a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a research note on Friday, February 28th.

Ecovyst Price Performance

ECVT opened at $6.31 on Friday. 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 stock has a market capitalization of $740.00 million, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 1.04 and a beta of 1.04. The company’s 50 day simple moving average is $7.41 and its 200-day simple moving average is $7.35. Ecovyst Inc. has a one year low of $6.02 and a one year high of $11.21.

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.