Ecovyst Inc. (NYSE:ECVT) Stock Position Cut by First Wilshire Securities Management Inc.

First Wilshire Securities Management Inc. trimmed its stake in Ecovyst Inc. (NYSE:ECVT) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,971,668 shares of the company’s stock after selling 56,108 shares during the period. Ecovyst accounts for about 4.1% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 6th biggest holding. First Wilshire Securities Management Inc. owned about 1.69% of Ecovyst worth $15,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Spire Wealth Management increased its position in Ecovyst by 72.9% during the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock valued at $34,000 after buying an additional 1,896 shares in the last quarter. Cibc World Markets Corp bought a new position in shares of Ecovyst during the fourth quarter valued at $83,000. Virtu Financial LLC purchased a new position in shares of Ecovyst in the 4th quarter worth about $119,000. Quantinno Capital Management LP bought a new position in Ecovyst in the 3rd quarter worth about $123,000. Finally, AXQ Capital LP purchased a new stake in Ecovyst during the 4th quarter valued at about $132,000. Institutional investors own 86.69% of the company’s stock.

Ecovyst Trading Up 0.1 %

Shares of NYSE:ECVT opened at $6.21 on Wednesday. Ecovyst Inc. has a 52-week low of $6.02 and a 52-week high of $11.21. The stock has a market capitalization of $728.26 million, a price-to-earnings ratio of 13.49, a PEG ratio of 1.04 and a beta of 1.04. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. The stock’s 50-day simple moving average is $7.34 and its two-hundred day simple moving average is $7.35.

Wall Street Analysts Forecast Growth

ECVT has been the subject of several analyst reports. BWS Financial reissued a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research report on Friday, February 28th. BMO Capital Markets dropped their price objective on Ecovyst from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Monday, March 3rd. Finally, Citigroup boosted their target price on Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th.

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.