Alliancebernstein L.P. Sells 274,456 Shares of Ecovyst Inc. (NYSE:ECVT)

Alliancebernstein L.P. reduced its holdings in Ecovyst Inc. (NYSE:ECVT) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,482,593 shares of the company’s stock after selling 274,456 shares during the quarter. Alliancebernstein L.P. owned approximately 3.85% of Ecovyst worth $34,247,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Ecovyst by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 10,926,133 shares of the company’s stock valued at $83,476,000 after purchasing an additional 56,142 shares during the last quarter. William Blair Investment Management LLC raised its holdings in shares of Ecovyst by 1.9% in the fourth quarter. William Blair Investment Management LLC now owns 3,601,346 shares of the company’s stock valued at $27,514,000 after buying an additional 67,338 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Ecovyst by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,535,792 shares of the company’s stock valued at $17,374,000 after buying an additional 55,884 shares during the last quarter. State Street Corp lifted its position in 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 buying an additional 33,292 shares in the last quarter. Finally, Boston Partners grew its holdings in Ecovyst by 30.2% during the 4th quarter. Boston Partners now owns 2,401,811 shares of the company’s stock worth $18,405,000 after acquiring an additional 557,249 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on ECVT. Citigroup boosted their target price on shares of Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. 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 report on Monday, March 3rd. Finally, BWS Financial reiterated a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a research report on Friday, February 28th.

Ecovyst Stock Down 5.8 %

Shares of NYSE ECVT opened at $5.58 on Friday. Ecovyst Inc. has a 1 year low of $5.38 and a 1 year high of $10.86. The firm’s 50-day moving average is $7.23 and its 200-day moving average is $7.33. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $654.32 million, a PE ratio of 12.12, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02.

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.